Have you ever contemplated starting your own business but quickly gave up on the idea, thinking, “I can’t afford it, at least not now”? That’s a conclusion you might come to if the entrepreneurial ideas you’ve been thinking about are franchises or of the old-school bricks-and-mortar variety. There are businesses you can start for less than $5,000, [...]
If you own a small business and have independent contractors, you need to make sure these people qualify as independent contractors. If not, you could face a fine between $1,100 and $5,000 per infraction. That means the next independent contractor you hire could be an attorney. Expensive and unnecessary. Of course, hiring independent contractors is wonderful. [...]
If you are wondering how to become an independent contractor, I can already tell that you are a pretty smart cookie. If you are looking for full-time work or just a second job, you’ll likely find it easier to get hired as an independent contractor rather than as an employee. Why? Because it’s much less [...]
You might already own a successful small business, or you might be just thinking of being self-employed. If so, this is a fantastic time. I say this because it’s inexpensive to borrow money right now (if you need to borrow money to start your business). It’s also a great time because other small business owners [...]
Liability insurance for small business is a must if you have your own shop. When you own a small business, you have responsibility for your customers, staff and yourself. But you are also responsible for what happens when people use your product or service or set foot on your premises. Successful business owners understand this. [...]
Being self-employed isn’t just a dream. You’re reading this because you want to work for yourself, and believe me, you can make it happen. I don’t need to convince you. I do want to congratulate you though. Working for yourself is a wonderful way to live. I absolutely love it and I recommend it to [...]
One of the best small business ideas ever is to prevent employee theft. Even if you aren’t an owner, if the joker who works alongside you is ripping off the company, he is endangering your livelihood and your job. If he gets caught and it’s discovered that you knew about it, you’ll likely get fired too. Unfortunately, employee [...]
What is a Professional LLC and is it for you? Let’s say you have a great idea for a small business. Now all you need to do is the paperwork. There are so many ways to form your business, it can get confusing. But if you qualify, you should consider becoming a Professional LLC. It combines [...]
If you are interested in selling a small business, you should know one thing: the best way to sell your small business fast is to help your buyer find the money to pay for it. (First, of course, you should know what your business is worth and find a buyer who will place a high [...]
How much does it cost to start a small business? This is the most important question you can ask yourself when considering the entrepreneur route. And you have to answer it with a great deal of certainty before you can successfully be in business for yourself. So what are the cost elements of starting great [...]
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