Family Ties: Advantage or Disaster?
July 25th, 2007 Subscribe To Our Feed
Many companies in the United States that are now large corporations began as family businesses. Even today, a large number of the small businesses in this country that begin today are general partnerships in which partners are siblings, parents and children, cousins, or otherwise related to one another. However, this is not always a good thing necessarily. If you are considering opening a business with someone to whom you are related, it is important to carefully weigh the advantages and disadvantages to avoid disaster. Read the rest of this entry »
Eyeing up the Competition
July 18th, 2007 Subscribe To Our Feed
When you start a business, it is most likely that there will be other businesses in your area competing for customers. These businesses may or may not be friendly toward you or receptive to the idea of your business joining the community. It is important to always be mindful of your competition, whatever your business may be. When you are starting a new business, visit these companies, not to spy on their techniques, but to learn how to best relate to one another and even help one another grow within the community. Read the rest of this entry »
Free At Last: The Freelancing Home Business Option
July 11th, 2007 Subscribe To Our Feed
If you have a specific skill that you can bring to the community, perhaps you would benefit from starting a freelancing business from your home. There are a number of job opportunities within the realm of the freelance world, and this situation is perfect for those who wish to work from home, like expecting mothers or people with disabilities. You get to be your own boss and make your own schedule, and in many cases, the freelancing skill you have is something you love to do. Consider a freelancing career if this all sounds appealing to you. Freelancing is a good career not only for artists and writers, but also for website designers, accountants, photographers, party planners, floral arrangers, political consultants, engineers, and chefs. The possibilities are endless. Read the rest of this entry »
Cash Flow: Record Your Company’s Finances
July 4th, 2007 Subscribe To Our Feed
When you are starting a new business or expanding a home based business, it is very important to accurately record and manage your company’s finances. By keeping good records, you can avoid problems with taxes and employees and also carefully track the progress of your business. Without financial records, your business may be failing every years without you realizing it. If you are beginning a new business, no matter how the company is structured, use business financial tools to keep excellent records. Read the rest of this entry »
Legalities: What Permits Do You Need?
June 25th, 2007 Subscribe To Our Feed
When you start a new business, it is important to note that you have to need certain licenses and permits from the government to stay legal. In the excitement of planning and opening a business, this is easily overlooked, but you don’t want to be shut down for simply not filling out the correct paperwork. Staying legal is important to avoid business failure. Read the rest of this entry »
Just a Piece of Paper? The Importance of a Good Business Plan
June 18th, 2007 Subscribe To Our Feed
Many small companies, for the first time ever, are finding that they need to write a business plan. A few decades ago, this was unnecessary for “mom and pop” types of stores, but now even owners who have no other employees have the need for a business plan, and many people do not realize this until it is too late. Without a business plan, you can loose site of your goals and even fail to receive funding. A good business plan is very important, if not absolutely crucial, if you want to start a successful business. Read the rest of this entry »
