If you are a self-employed, a sole proprietor, or structured as an LLC, you probably felt left out during this crisis, because corporations and W2 employees were prioritized ahead of you by the governments. It was easier for you to apply for unemployment as a W2 employee. And it was easier for corporations to apply … Read more Why You Should Convert Your Business to an S-Corp
Having a written business plan is essential when you are just starting as an entrepreneur. It helps you evaluate your business idea thoroughly before you begin, makes it easier to obtain a business loan or funding from investors, and provides you with a direction on the path to success. Because it has such a high … Read more How to Write a Business Plan for Small Business
Starting a business on a budget is no easy task. There’s always a product, gadget, gimmick, or location that someone’s willing to convince you that you need — the worst part is when you’re convincing yourself. After signing papers on my own space last Tuesday, I’m right in the thick of it but got some … Read more Dave Ramsey’s Advice on Starting a Business for New Entrepreneurs
I recently discussed a potential business with an enterprising friend. She wanted to sell handcrafted products on Etsy to make some extra income on the side. I think making income from a side hustle is a great idea. Personally, I am not the kind that discourages any type of income, but I want to highlight … Read more Earning Potential: Is Your Business Scalable?
Who doesn’t need some extra money, even if it’s just to increase your savings? No one ever seems to have enough savings, and many of us have none, so having some extra cash to save without having to take an outside job is never a bad idea. There are several things you can do to … Read more 5 Best Small Business Ideas to Make Money from Home
The changes we have been experience over the past 10 years has many thinking that a home business might not be a bad idea. It’s not just about escaping the rat race; in some cases, it’s about income diversity. The reality that anyone could get fired from a steady paying job is one that has … Read more 5 Home Business Ideas with Low Start Up Costs
When you achieve a certain level of success with your business, it makes sense to want to expand. But that doesn’t mean that you have to create a huge corporation. Instead of doing all of the expansion yourself, you can encourage others to do it for you. Franchising your business can provide you with a … Read more How to Start a Franchise and Become a Franchisor
Aren’t we all ready to tell our boss off, walk out, and start our own company that will be wildly successful? Don’t we all have those great ideas that we know would be successful if only we had more time to dedicate to nurturing it? We see success stories all over the internet and TV … Read more Entrepreneurship and the Risk of Personal Guarantees
Have you ever seen a great location in your town and thought that it would be perfect for a coffee shop or restaurant? Some people dream about opening up a little Mom and Pop restaurant and running their own business for a living. Unfortunately, the failure rate is very high for these businesses. An alternative … Read more Are Top Franchises Worth the Initial Investment?
Let’s face it, being a business owner requires a specific type of personality and an unmatched level of passion and drive. Not many people have what it takes to start their own business and be successful. That said, it’s doubtful anyone who owns their own business would trade it for anything. Nothing beats being your … Read more The 10 Worst Things About Owning Your Own Business