Starting a business up with a partner is a great idea—not only does a business partner effectively halve the staggering amount of work that comes with forming a new company, but having a partner also means having someone to talk to and bounce ideas off of. For many sole-proprietorships, the only employee on the payroll […]
Generally, businesses need a Federal Tax ID number or an Employer Identification Number (EIN) to legally conduct business. Whether a sole proprietor or a corporation, an EIN is necessary. This number is used to identify a business entity for tax purposes and is fairly simple to obtain. The IRS supplies multiple ways to apply for […]
Recently, I read a piece in the USA Today on the 11 secrets to small business success. There are all kinds of articles like these online, ranging in number count and content with the “secrets” as largely common knowledge to small business owners such as taking time to unplug or hiring a good team. In […]
So many leadership lessons can be found in watching a single football (or soccer, as we know it in the United States) match in the FIFA World Cup. If you’re an entrepreneur who hasn’t made it a point to stream the World Cup, then use one of the tournament’s remaining days (until July 15th) to […]
Running multiple businesses is not for the faint of heart—doing so requires a lot of work and dedication. But if you’re driven, motivated, and passionate about what you do and who you do it for, serial entrepreneurship might just be the next step to take your business in. With great power comes great responsibility and […]
Remember all those summers where you would set up a lemonade stand in the yard or at the park and try to encourage passerbys in the neighborhood to stop and buy a refreshing cup for no more than 50 cents? As a kid, the only thought you had on your mind running this kind of […]
When many entrepreneurs think about the state of Delaware, they tend to focus on its business-friendly corporate tax laws. If you’re an out-of-state business, you won’t have to worry about paying corporate income tax and if you maintain an active storefront you do not need to collect sales tax on purchases. This makes it a […]
The sky’s the limit when it comes to starting a sports-themed small business — for the most part anyway. Some occupations, such as becoming an agent, publicist, or TV presenter, come with requirements like a relevant college degree and previous job experience within the field. Others, like bracket betting businesses or selling discounted tickets, have […]
Success in business is just as much cautionary as it is celebratory. When you start breaking even and gradually grow used to business being on the up and up, naturally you’ll be inclined to spend more money. Sometimes this spending is done for the greater good of the company’s ROI, like hiring new employees. Other […]
For years, sporting events and competitions have taught us that the ranking system for being a winner is first, second, and third place. Gold, silver, and bronze. You’re a winner in all three areas, but it’s a little different when you get into first place. During the Olympics, you stand on a step that is […]
