Maybe your business has grown, or maybe you just realize you could use some specialized help (such as in keeping the books). No matter the reason, you’ve decided that it’s time to hire some help. Should you hire an employee or an independent contractor? Let’s look at some pros and cons of each.
Setting up and managing your own small business is without doubt a fantastic experience and one that will be extremely rewarding personally, irrelevant of how successful your business is. One of the main issues that most small business owners encounter – and one that isn’t… Read More
Do you take your online business seriously, or are you setting yourself up for failure? Find out why you need to treat your online business as a real business venture and not a casual hobby (such as blogging for profit) if you want to reap the most rewards and keep it all legal.
If you’re interested in starting or buying a franchise of an existing company, there are a lot of options to choose from (from restaurants to cleaning services). How do you find solid franchise opportunities that don’t disappoint? First, you need to understand some of the… Read More
Obviously the simple answer is “no,” because others have gone on to run highly successful businesses without a formal education. However, the fact still remains that those people tend to be the exception; not the rule. Some industries not only highly benefit from formal education,… Read More
LLCs are a popular legal business form for small businesses. Discover what LLCs are, and what their advantages and disadvantages as a business model are. What is an LLC? LLC stands for “limited liability company.” LLCs have become the legal business structure of choice for… Read More
If you plan to operate your business on your own, a sole proprietorship may be an acceptable and appropriate legal business form for your needs. Find out what sole proprietorships are, and whether or not that legal business form would suit your small business. What… Read More
Most areas of business accounting would be difficult to understand without first grasping the concepts of assets and liabilities. Essentially, all money going in and out of a business will fall into different “accounts.” Those accounts are classified as asset accounts, liability accounts, or equity… Read More