If you have a successful small business and you run with a partner, what exactly is the liability of partners? Well, if you set up a partnership agreement, you can spell that out exactly. If you don’t have a partnership agreement or the agreement doesn’t cover a specific issue, your responsibilities and liabilities are pretty [...]
Even the best small business lives and dies by the accounting solutions the owner implements. Your accounting systems, if they are good, can help you spot a problem before it becomes fatal to your business. After sales, there is nothing more important than the accounting systems you use. There are two major accounting solutions you [...]
You can promote and advertise your business for free (or almost free). It’s easy to do, and the payback can be tremendous. It’s the best idea I have yet if you own a small business and want to retire rich. When you pay for advertising, it has low credibility and it’s expensive to communicate everything [...]
If you want to have a business for yourself within six months, I’m going to tell you exactly how to do it. But it’s not just a question of having great small business ideas and enough working capital for your business (although that’s important). It’s also a question of your personality too. Follow these 5 [...]
If you qualify, you should strongly consider launching your business as a professional limited liability company (Professional LLC). If you love being self-employed, you’ll love the benefits of being a corporation and being a partnership. What are the advantages of being a professional limited liability company? They are much simpler and less expensive than corporations [...]
A buddy I know from the music scene called me up yesterday. After we exchanged a few pleasantries, he got down to brass tacks. “I want to make more money Neal. Tell me how.” While I’m not the answer man, I did have a few ideas for my pal. And if you’re looking [...]
If you own or are thinking of launching or buying an existing business, here are 7 potent and unusual tips to help you reach success much faster. 1. Don’t do what you enjoy. This throws people, and I understand that. But the truth is, most successful business owners love what they do…they don’t do what [...]
I don’t care if you’re looking for a second income or if you are retired and interested in creating a new revenue stream. Either way, if you want, you can make money with your blog. It can be a great small business idea — if you do it right. It will take time and work. [...]
If you’re interested in creating wealth, it’s a good idea to study the people who achieved financial success. Of course it’s important to have great entrepreneurial ideas. But it’s also important to learn from the people who had wealth and lost it. Here is one story that provides three invaluable lessons: Peter and the [...]
If you want to become an entrepreneur, there are a number of college business ideas you can launch with very little money. Here are the top businesses you can start now: College Business Idea #1 – Tutoring There are always students that are looking for help to improve their grades in certain courses. You can make money [...]
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