It’s important to understand when starting a business: there is no 100% guaranteed way to eliminate the risk that entrepreneurship brings. You can’t be sure your customers will pay you on time. Your employees can quit without notice. Your vendors might deliver damaged products. All of these, among other risks, make it difficult for you to know what’s going to happen tomorrow, much less next year.
You probably didn’t come up with the perfect business or product name overnight. Most likely, you brainstormed. You sought the advice of colleagues and friends. You tested out a few options, and checked what domain names were available. In short, you’ve invested a...
There may come a day when, after everything in your small business has been chugging right along for a while, that you start to wonder if the business structure you first chose is still a good fit.
While you know the importance of continuing to develop your own knowledge about running a small business, have you given much thought to helping your employees with their own professional development?
It seems like no matter how hard women entrepreneurs try, we will never catch up to our male counterparts. Or will we? The state of small businesses owned by women has risen significantly over the past few decades, and seems to be speeding up.
In the back of your mind, you’ve been fantasizing about quitting your job and starting a business for years. So why haven’t you done it yet? If any of the following ring true, it’s time to stop dreaming and make that vision of starting a business a reality!
While many entrepreneurs focus on making money, others build a business around a cause. When a cause is so important to you that you want to make it your day job, it’s time to start a nonprofit.
I spend a lot of time reading articles and books written by successful business owners to learn from them. After all, if they share their wisdom, maybe a little of that success will rub off on me! Here are some of their nuggets of wisdom that you can learn a lot from.
If you’re looking for a great place to launch a business, why not try Georgia? Forming an LLC in Georgia is a great idea because it’s relatively inexpensive to live and work in this peach of a state.
First, Why an LLC in Georgia is Right For Your Business
We see a ton of CorpNet customers that prefer the flexibility the LLC offers. It’s a bit of a hybrid business structure because it offers the best features of a corporation as well as a limited liability partnership, all the while protecting your personal assets.
If you’re at the start of your entrepreneurial journey, congratulations. You’ve got a lot of exciting times ahead of you, as well as a lot of lessons to learn. Let me help you get started on the right foot with some advice I’ve learned on my own path to small business ownership.
Whether you work from home or run your business elsewhere, having your kids at home for three months can create a logistical problem that can threaten your small business’s productivity during the summer.
Short of closing your business for several months (not happenin’, am I right?), here are a few strategies to help you keep your business booming while still being a kick-butt parent.
One of the things that I’m most proud of in running CorpNet is how long our staff has been with us. Many were there at the start. Our turnover is incredibly low. Clearly, we’re doing something right to keep our employees happy! Here are a few of the ways we do that.
All your social media efforts, blogging, and emails might not get you as far as one simple strategy: in-person networking. By building relationships with people in real time, you can pave the way for future sales success.
Still, few people actually master the art of smart networking. I’ve gleaned a few helpful strategies over my years of attending networking events to help you.
Here’s a question I get almost daily: what’s the best state to incorporate in?
The second most asked question I get is: “what are the fees for incorporating in [state]?”
It’s interesting that the fees vary so much. For example, to incorporate in Connecticut, it costs $455. That’s on the high end! On the opposite end is Mississippi, at just $50.
Thank goodness tax time is over, right? I, like most small business owners, find this time of year a bit stressful. So after April 15 passes, I’m all about rejuvenating and recharging my battery.
When you run a business, whether you’re the only staff or you manage a team of ten, it is essential that you make time for yourself. Otherwise, you’re a stressed out ball of tension that puts your business —and your health — in jeopardy.
We’re all in the same boat here, so I thought I’d share how I decompress.
This time of year, most business owners are thinking about their small business taxes: how much they owe, what they need to do to file them, whether they have enough to pay what they owe. But did you realize that if you incorporate a business, how you file your small business taxes and how much you pay can sway in your favor (depending on the corporate structure you choose)? Let’s take a look at how incorporating affects your taxes.
If you’re like a lot of other small business owners, you drag your feet until the last minute to file and pay your taxes. It’s getting down to the wire, folks, so even if you want to wait until April 15 to file your taxes, you still have a lot of work to do to prepare.
When you first start a business, you may not need to hire, But as you grow, you start looking for people to help you take your business to the next level. But where can you find the right motivated people? Sure, you can post your job on a job board, Craigslist, or career site, but you can’t always know that you’re getting quality applicants.
So where DO you find the right people?
When you first start your business, whether you are set up as a sole proprietorship, partnership, a corporation, or a Limited Liability Company (LLC), you may take on all the work yourself. After all, you consider yourself a great multitasker, so why not do it all yourself?
You’ll learn this lesson sooner than later, but I’d rather you do it now and save yourself a lot of headache later: you’ve got to delegate to be an effective entrepreneur. That means that from Day 1, you should have the right people on your team that will help you skyrocket to success.
Owning investment properties can be an exciting and lucrative decision. However if you're considering an investment in real estate (whether a vacation rental, long-term rental, or for re-sale), be aware that these properties can also create liabilities.
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