Taxation law is a complex and in-depth area of concern for the small business owner. With potential pecuniary and criminal consequences, it is of paramount importance to ensure as a business owner, you are familiar with the tax consequences in your jurisdictions, and the ways in which you can minimise your liability. Whilst one of the most legally important things to understand as a small business owner, taxation law also...more
Years ago, I was a limited partner at Bear Stearns and Company in New York City. Once a year, we would have a partner's meeting, and I would attend as a matter of course. Now keep in mind that we were a trading firm, also a brokerage firm. Back then we didn't do nearly the amount of investment banking that is done by some of the majors such as Goldman, Merrill, and Lehman Brothers at the time.What was most interesting however is...more
If you just started a small business or are thinking about it you know that there are books and books of advice out there. While some advice can be helpful too much can be overwhelming and can make you turn away completely. Still, it's always a good idea to listen to the wisdom of those who went before and have learned the hard way so you don't have to. Here are the top tips for small businesses.Use a business plan. Start by writing a detailed business plan that you can use throughout your startup and beyond. The plan should include a statement of purpose or mission statement, which can help to guide you not only on startup but also all through the business. The plan also needs to detail the finances of the business.The finances of the business include all the expenses for the business along with the projected sales. Overheads such as rent, utilities and postage charges must all be considered as well as other key budget items such as advertising. Don't forget about one-time fees for business startup, licenses and inspections.Another cost for all businesses is the monthly telephone charges.Don't skimp on insurance. Always get the full insurance coverage that you can...more
Money management is one of the most difficult tasks that a small business owner must face. In the early days, you may have a very uneven income stream, putting out personal funds for startup expenses and operating at a loss. As your business grows, it may become your primary source of personal income. Especially if you work alone or...more
People who want to begin their own business often have a rough time picking an idea that will work for them since they must have access to plenty of money to start it and also to locate something that they are able to feel passionate about. Are you a fan of blossoms? If you are then you should find that this may be a great place to...more
There are some business opportunities that will almost always make money for a shrewd operator and on of these businesses based on my personal experience is a well run beauty salon.This business lives or dies by the quality of people who work in the salon and the national chains have very little advantage over somebody who wants to start a salon by themselves. The reason for this is that the cost of the actual products used in the beauty treatments is minimal and therefore they do not benefit greatly from their buying power.The main cost of running a beauty salon includes rent, rates and labour and therefore you can compete with the big boys on an equal footing. Recently I have been writing blogs and articles about the types of businesses to avoid! This is not one of them. There are many different types of course one can attend to learn about the beauty trade and some are very good. Without learning some new skills and educating yourself prior to opening you might as well not bother. It probably is a good idea to work in a busy salon first so that you learn the ropes before starting your own.Most people starting for the first time will not have any established clients...more
You might have been intrigued by the allure of obtaining small business grants from the federal authorities to start or broaden your operation. As fantastic as it may well sound to obtain a federal government grant that you don't have...more
Being a musician for many years now, all I ever wanted to do was to be able to make a good living by doing what I can't do without, which is performing and writing music. Its a blessing to be on a stage looking out over a big room full...more
You may be wondering where to get business cards templates for free and on the fly. Making your own business card templates may be quite a burden for you if you do not have time to spare. Also, you may not be confident with your design...more
The city of Houston is America's fourth-largest city and although a scatteringLocation, much of the appeal is concentrated in the city core, involving theDowntown area and the Galleria Mall. Houston is a litter and glowing city, with...more
When someone needs fast cash without any delay, hassle free payday loans can be the easiest financial solution for anyone. These loans offer small monetary help to the people with speed and expediency on the very same day one applied. Thus, if a...more
If you are looking to impress a potential client, a reliable colleague, or a steadfast customer with gifts, look no further than crystal business gifts. Business gifts are much more than a simple present. Instead, these gifts are...more