Startup
The Right Way to Go into Business with a Partner
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…
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Why Being a Mompreneur is Healthy for Both the Kids and the Business
My favorite definition of “mompreneur,” which essentially breaks down to being a mom plus an entrepreneur all wrapped up into one, hails from the blog for Success Systems Now. It says, “These are women who bring home the bacon and fry it up in a pan and finally get paid for it without leaving their homes,…
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Consultant’s Corner: Finding Angel Investors
Question: I am beginning a new business and would like to secure funding through angel investors. Where should I start? Of course, the angel investor category can include family, friends, and business associates. Also, the type of business venture and amount of capital needed can influence where to look for angel investors. For example, your…
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Protecting Your Intellectual Property
Whenever you start a business, it needs to have something about it that is special, some unique quality. Sometimes, that quality is just bringing an existing product or service into a new market. But other times, the unique quality of your business is a new product or service that you’ve invented. When you’ve taken the…
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How Small Failures Help You Avoid a Big One
American optimism has launched many businesses. But it’s all too easy for enthusiastic entrepreneurs to think that they can push through problems by sheer optimism. As I have found out in my years in business, though, if you don’t deal with reality, reality will surely deal with you. There’s actually recent scientific research to back…
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Don’t Do These 4 Things When Business is Booming
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…
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What is Involved in Forming a Non-Profit Company?
If you’re looking to form a non-profit corporation, there are several important steps for you to follow. Incorporating a non-profit corporation is often similar to a for-profit corporation, but there are some differences to be aware of. Here are some general guidelines for incorporating a non-profit. Pre-Incorporation Matters Prior to incorporation, you should have a…
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Consultant’s Corner: Business Entity Selection
Question: “How should I go about choosing a business entity type?” Many small businesses are structured as unincorporated sole proprietorships and General Partnerships due to their formation and maintenance simplicity and costs; however, the primary disadvantage with a sole proprietorship or General Partnership is that it is not a separate legal entity, even when it…
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Ready to Be a Registered Agent? Ask Yourself These 3 Questions
Most states require that small businesses designate a registered agent in their state of formation. Registered agents (also referred to as an RA) act as the state’s means to communicate with a corporation or LLC. They accept official documents on behalf of your business, organize the materials, and get the paperwork over to the business…
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How to Tackle Your First Year as an Entrepreneur
If you recently decided that now is the perfect time to start the business of your dreams, you should be in the midst of making those dreams come true as you read this! To help get you started, here are five tips every new entrepreneur should keep in mind as they tackle their first year…
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