While your downsized colleagues fret about their futures, you can turn the negative of a job loss into the positive of a new business. Many out-of-work Americans are not waiting for their old positions to return as economically viable. Instead, they are taking their job loss as an opportunity to pursue their entrepreneurial dreams.
Not all the taxes that you remit for payroll are actually the payroll tax expense for your business. Some of the payroll taxes you remit are withheld from employee pay.
You started with a dream and from there you formed a business plan, developed products or services, and even found a site for your new business. There’s only one thing left that you need: Money.
Creating an atmosphere free from chaos, automating business operations and maintaining a positive demeanor are the keys to successful business formation, according to entrepreneur and author Clate Mask.