Every business starts much the same way; with an idea that someone is inspired to pursue. However, regardless of the necessity of this grand new product, many businesses do not make it past the "startup" point. Of course, this can be for any number of reasons: loss of investor funding or lack of
Business Coaching for Entrepreneurs
There are many factors and conditions involved when it comes to operating a successful business. As an entrepreneur, you're no doubt familiar with the numerous obstacles you face while in the process of building your company. Entrepreneurship is as exciting as it is vexing. It's as the quote
Should You Hire an Accountant or Use TurboTax?
Between January and April every year, many Americans suffer the same dilemma that seems to never be solved; should you be doing your taxes with an accountant or with Turbotax?. This inner conflict is not a new one, and doesn’t have any one definable yes or no answer. The truth, ultimately, depends
What Type of Business Should Operate as a Sole Proprietorship?
A sole proprietorship is undeniably the easiest, lowest-costing entity to form and manage. That said it's not the best option for all businesses, in some cases an S Corp or LLC might make more sense. Here are some of the advantages of a sole proprietorship: Simplicity - This is by far the least
Techniques to Ensure Your Small Business Succeeds
It's no surprise that the worst thing you can do in life is compare yourself to others. It makes you think you're missing out or makes you think you're not doing enough, creating self-doubt and lowering your self-confidence... However, in the small business world, comparisons should be what drive
Managing Your Small Business Finances
It should go without saying that you should have a separate credit card and/or checking account for your small business. That way, you can track all company-based expenses so you don't need to sort through countless other bank statements. While that should go without saying, here are several more
When a Client Refuses to Pay
For a small business owner or independent contractor, your business depends on your reputation and the client's ability to pay you, but if the client refuses to pay you, it often can leave you frustrated and feeling helpless, which is a common problem many business owners face. If this is a
Is Your Hobby Becoming A Business?
Most people don't struggle with filing a tax return. Even small business owners typically recognize what income they need to report, making the process fairly straightforward. Others, however, don't simply have a job or a business, but a hobby that brings in money for them. The question then arises,