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  • Casual Articles - The Right Business Structure? Starting a Sole Proprietorship

    What's the Measure of One Word?
    It's absolutely essential that you find a way to differentiate your business in a meaningful way. I know I talk about this all the time, but it's that important.What if you interviewed a handful of clients and asked them this question: "What's the ONE word you would use that best describes what we do well?" Is it fast, attentive, welcoming, creative, cheap, cool, techie, smart, caring? One word is tough, but you need to get there. One simple word that sums up how y
    business to include more employees or to sell stocks to investors. Many sole proprietorship businesses are run from the home.

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    In starting a small business you should never think you can do it alone! One of the best ways to insulate yourself against business fail

    Using Risk Reversal Closes More Sales
    When you minimize risk in purchasing decisions a lot more people are willing to say "yes". Once they sample your product or service, if it performs as you say, most customers will keep that product and continue buying again and again.Here's a little story to illustrate my point.A farmer wanted to buy a hunting dog for his son. There were two for sale in a nearby town. The first seller told the farmer he was asking $300 for his bloodhound, non-n
    Starting a business requires you to complete a number of steps and make some key decisions. Though part of your overall plan, you’ll need to decide on a business structure, and obtain the necessary licenses and permits. In addition, determining which financing options will meet your short-term needs and long-term goals is crucial.

    When you are starting a new business, one of the first decisions you must make is what kind of business you wish to start. The kind of business you choose depends largely on your personal assets, and when you make this decision it effects how your business will be viewed by the IRS and by investors. A popular option for first-time business owners is a sole proprietorship. There are both advantages and disadvantages to this type of business, so research all the different kinds before choosing the one that is best for you and your business situation.

    Most businesses start as a sole proprietorship. This kind of company is owned only by you and run only by you, so you are responsible for all of the actions of the company. To the public, you are the company. Sole proprietorships work well for CPAs, freelance artists, craftsmen, and medical professionals who see no need in the future to expand their business to include more employees or to sell stocks to investors. Many sole proprietorship businesses are run from the home.

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    In starting a small business you should never think you can do it alone! One of the best ways to insulate yourself against business failu

    Direct Deposit of Employee Wages
    Employers are continually searching for methods to reduce costs and streamline administrative operations, and the scrutiny of the expensive and time-consuming payroll process has been one of the primary targets. More and more employers are looking at direct deposit of payroll as the preferred method of paying employees. This article examines the concept of direct deposit, including the benefits, concerns and legal considerations.Direct Deposit Definedrm goals is crucial.

    When you are starting a new business, one of the first decisions you must make is what kind of business you wish to start. The kind of business you choose depends largely on your personal assets, and when you make this decision it effects how your business will be viewed by the IRS and by investors. A popular option for first-time business owners is a sole proprietorship. There are both advantages and disadvantages to this type of business, so research all the different kinds before choosing the one that is best for you and your business situation.

    Most businesses start as a sole proprietorship. This kind of company is owned only by you and run only by you, so you are responsible for all of the actions of the company. To the public, you are the company. Sole proprietorships work well for CPAs, freelance artists, craftsmen, and medical professionals who see no need in the future to expand their business to include more employees or to sell stocks to investors. Many sole proprietorship businesses are run from the home.

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    In starting a small business you should never think you can do it alone! One of the best ways to insulate yourself against business fail

    Software Company Business Valuation
    What business valuation would you place on a distribution management software company with $1.5 million in annual revenues and $500,000 in losses? How about a healthcare software ASP with $300 K in revenues that is breaking even? These companies don’t exactly fit the 5 times EBITDA or the discounted cash flow valuation models.That is what makes software or technology based companies so much fun to sell. Arriving at a business value is done the old fashion way. Yo
    by investors. A popular option for first-time business owners is a sole proprietorship. There are both advantages and disadvantages to this type of business, so research all the different kinds before choosing the one that is best for you and your business situation.

    Most businesses start as a sole proprietorship. This kind of company is owned only by you and run only by you, so you are responsible for all of the actions of the company. To the public, you are the company. Sole proprietorships work well for CPAs, freelance artists, craftsmen, and medical professionals who see no need in the future to expand their business to include more employees or to sell stocks to investors. Many sole proprietorship businesses are run from the home.

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    In starting a small business you should never think you can do it alone! One of the best ways to insulate yourself against business fail

    Top Five Marketing Mistakes and How to Avoid Them
    In this article I’ll share the top five marketing mistakes and how to avoid them. As a strategic business development, PR and marketing expert, I am often called in to set up a marketing plan, media plan and a delivery system for companies who wish to use an in-house marketing team rather than a consultant. This is absolutely fine with me, except that no one likes seeing their baby turned over to someone without the skills to follow through. So this brings me to the #1 ma
    etorship. This kind of company is owned only by you and run only by you, so you are responsible for all of the actions of the company. To the public, you are the company. Sole proprietorships work well for CPAs, freelance artists, craftsmen, and medical professionals who see no need in the future to expand their business to include more employees or to sell stocks to investors. Many sole proprietorship businesses are run from the home.

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    In starting a small business you should never think you can do it alone! One of the best ways to insulate yourself against business fail

    Start a Home Based Catering Business
    Has it always been a dream of yours to quit that job at the grocery store bakery and start a home based catering business? I’m sure there were some people who told you it couldn’t be done. Some people might have told you that you’d fall on your face and be embarrassed. Well, those people obviously don’t know the first thing about how to start a home based catering business. It is actually quite easy if you have the time and the know-how.The first thing that you nee
    business to include more employees or to sell stocks to investors. Many sole proprietorship businesses are run from the home.

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    In starting a small business you should never think you can do it alone! One of the best ways to insulate yourself against business failure is to find and work with a mentor, someone with business experience who can guide and assist you.

    A good resource is the Service Corps Of Retired Executives (SCORE) which can link you to retired professionals who are available to give you advice.

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    The advantages to starting a sole proprietorship are great. First, there is less start-up cost, and it is very possible that you will not need a business loan from a financial institution to begin. In many cases you are taking a hobby and selling the service or resulting product. In this case, you probably have everything you need already to get started and simply need to find advertising for your new business. Secondly, you are 100% your own boss. You get to make all of the business decisions and you take home all of the business's profits at the end of the day. Because of this, it is easy to reinvest that money back into the company to help it grow. Taxes become simple for a sole proprietorship business, since they are easily done on the owner's personal tax return, and, if the business unfortunately fails or you lose interest, it can be easily dissolved without affecting other employees or investors.

    However, sole proprieto

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