How to Hire Employees for Startups: An Entrepreneur’s Guide Your daily operations are going well—so well, in fact, that you need help delivering on your contracts. Unfortunately, a sudden spike in orders or profits can easily lead to rushed hiring decisions that CEOs later regret. As a small business owner myself, I have a few tips on how to hire …
If you get paid for a service, collecting payment is the lifeblood of your company. And, yet, if you are like most people, you’ve made it an afterthought. Indeed, few companies and individuals have given deep consideration to how their clients and customers interpret and understand the agreement presented. For example, I recently got a request from a client I’ve …
If you work from home, you may be eligible for tax deductions on part of the rent or mortgage payments you make, but you may be afraid this puts you at risk of a tax audit. And, rightly so. Calculating your home office deduction properly can minimize your taxes and keep you out of risk. The IRS provides two methods with …
Running a small business often means you play a jack-of-all-trades. Whether it’s drafting client contracts or taking inventory, it’s likely you have a hand in all aspects of your business. Marketing is no exception. And knowing how to create an efficient small business marketing plan can be difficult, especially when you might not be sure how to tie that into …
Audits can happen to any business. Small businesses are no exception. The IRS can conduct an audit on your business when your tax filing contains questionable deductions, your business is of particular interest to the IRS or by random selection. Contrary to popular belief, being audited doesn’t necessarily mean you did anything wrong. And for those who are prepared, it …
This excerpt, courtesy of A.J. Yolofsky, Family Business Laywer®, was originally published on Avvo. The guide can be read in full here. This guide will give you information about the four pillars upon which every business foundation is based. Ignoring your business’ foundation means you are essentially flying by the seat of your pants not knowing where you might be exposing …
Entrepreneurs take their lives into their own hands every day. They might be starving one minute and feasting the next, but they have a direct control over their destiny that most people will never experience. As a business owner myself, I know what it’s like to weather the ups and downs of life as an entrepreneur—and how the everyday tasks …
It seems that everywhere you look, a new startup is trying to make it big with a game-changing idea. But, it’s only the ones that can turn that idea into reality that reach business success. Too many startups fail to make the transition from idea to execution or encounter major setbacks along the way. In the midst of developing your …
Spring has officially sprung and that means it’s spring cleaning time. Shake out the rugs, clean out the cupboards, and get your legal and financial affairs in order. For plenty of folks, it’s easy to know what to do when it comes to home organization, but the idea of legal and financial ordering can be complex and confusing. This article …
Keeping good business records relieves stress and makes running your company easier and more enjoyable. But it may not look like what you think if you’ve run your business by saving receipts all year long and then trying to handle your bookkeeping all at once at tax time. First and foremost, don’t handle your bookkeeping yourself. Your focus should be on …
