Part of the beauty of having your business in the United States is that you have a great deal of leeway when it comes to selecting retirement accounts for self-employed people. And ever since individual 401k plans became available, more and more business owners have taken advantage of this option. Let’s see if an individual […]
Small Business Strategies
Owning your own business might be the key to your personal and financial freedom. But if you are already in business, are you running your shop to its full potential? If you are trying to become self-employed, where do you start? Which pitfalls must you avoid? You find all the information you need to find a business idea and launch your business - and keep it running smoothly once you open your doors.
(This category contains some of the most powerful tips on the entire blog. That’s because I love being an entrepreneur and love helping others who want to do the same. )
LLC or Sole Proprietor – Which Is Best for You?
When you start your small business, one decision you have to make is how to form your entity. Many entrepreneurs find it difficult to decide between the LLC or sole proprietor business structure. The best way to make that decision is to take a few minutes to really understand the differences between the two. Let’s […]
How to Interview People and Hire Top Notch Candidates
If you are in business for yourself, you have to know how to interview people. And you need to be very good at it. You probably don’t have an HR department, and you have to be efficient with your time. But you have to get it right. There is nothing more expensive than hiring the […]
Your 8-Step Small Business Continuity Plan
Small business owners tend not to think about continuation, but that’s often a mistake. If your business generates any profit, it’s worth something. Sometimes it’s worth a great deal. It makes perfect sense to spend a little time to protect your enterprise with a small business continuity plan. A side benefit is that the same […]
How to Start Your Own Business Networking Group
I started looking into starting a business networking group recently. If you’re in business for yourself, you understand that your constant challenge is to promote your business. Business promotion, or marketing, can be very expensive. And just because you spend a great deal of money on promotion won’t guarantee results. In fact, my experience tells […]
Limited Liability Company Tax Advantages and Disadvantages
If you have an LLC, it’s important to understand that there are many Limited Liability Company tax advantages and disadvantages. If you are a small business owner, you have the option of running it under many different legal forms. One of those forms is an LLC or Limited Liability Company. This election has a number […]