The Launch Blog: Expert Advice from the CorpNet Team

Symptoms and Remedies for 13 Common Entrepreneurial Pitfalls

It seems that everyone on Instagram is an Entrepreneur or CEO. What used to be a high risk and scary choice, has now been glamorized into fast money, luxurious lifestyles, and ready-set-go businesses. A picture is worth a thousand words, but the stories behind the glossy pictures are anything but fancy. I know the true stories of self-doubt, self-sabotage, and business burnout. Over the years I've seen the same 13 challenges and entrepreneurial pitfalls in myself, my clients, and other entrepreneurs: Not Having a Clear Focus/Mission Trying to Be All Things to All People Lack of Revenue Diversity — [...]

By | 2018-01-26T07:47:16+00:00 March 15th, 2018|Categories: Ongoing Management and Protection|Tags: |0 Comments

Top Five Low Cost Franchises to Consider in 2018

Many people who desire the financial security and independence of owning their own business assume franchises are simply too expensive to consider. While it’s true many name brand franchises like Dunkin Donuts and Subway carry price tags that can climb into the millions, there are a growing number of franchises for entrepreneurs interested in a low-cost opportunity. For the risk-averse and those with less money to invest or who wish to avoid going through the gauntlet of finding bank financing, the advantages of a low-cost franchise are quite appealing. While the investment is smaller, they still come with [...]

By | 2018-03-05T12:02:13+00:00 March 14th, 2018|Categories: Seed and Development|Tags: |0 Comments

Seven Tips for Optimizing LinkedIn for Accountants

With more than 546 million users, LinkedIn is the world’s largest professional network. The social network has established a solid niche for itself by focusing on workforce needs such as finding new business, searching for jobs and building professional relationships. Plus, if you know the secrets to using it successfully, LinkedIn could be a major revenue generator for your accounting business. Here are seven tips for getting started with optimizing LinkedIn for accountants, CPAs, and bookkeepers. Optimizing LinkedIn for Accountants 1. Make the Most of Your Profile Before you start, it’s important to know the purpose behind your [...]

By | 2018-03-12T05:48:29+00:00 March 13th, 2018|Categories: Other|Tags: , |0 Comments

How Will 2018 Tax Reform Affect Your Small Business?

It seems like you just got your business taxes handled for 2017, and now you have to start worrying about 2018 taxes. That’s because the tax reforms signed into law last December under the Tax Cuts and Jobs Act will most definitely affect your business taxes—and possibly your company’s legal structure as well. Sole proprietorships are the most common form of business organization in the United States because they are easy to form and offer the owner complete control of the business. Profits are passed through to the owner, and business income and expenses are reported on the individual’s [...]

By | 2018-03-07T05:11:31+00:00 March 8th, 2018|Categories: Ongoing Management and Protection|Tags: , , |0 Comments

Why All Home Businesses Need Professional Indemnity Insurance

Professional indemnity insurance, also known as errors and omissions insurance, is a policy that covers the legal costs and expenses during your defense against a client. If a Client has accused you of inadequate services, designs or advice they may want to take you to court if they felt they have lost money in the situation. Working from home can be a great experience in life but if you aren't fully protected and a problem escalates, you can be left vulnerable with no one to turn to. People can put off getting professional indemnity insurance especially whilst starting [...]

By | 2018-03-12T11:16:00+00:00 March 7th, 2018|Categories: Ongoing Management and Protection|Tags: |0 Comments

7 Steps to A Healthier Workplace

It’s no secret that working a desk job comes with its share of health risks. According to The Washington Post, working at a desk can result in elevated risk of heart disease, over-productive pancreas, colon cancer, a strained neck, poor circulation, degenerating abdominal, hip, and glute muscles, and softer bones (among others). So what can you do to combat the negative health impact of sitting all day in an office setting? Good news: there’s plenty you can do to make your workplace healthier. Whether you’re a concerned employee, or a small business owner looking to do right by [...]

By | 2018-02-26T09:28:49+00:00 March 7th, 2018|Categories: Ongoing Management and Protection|0 Comments

The Best CPA Marketing Channels for Growing Your Firm

Whether your accounting business is just starting out, or whether you’re a seasoned veteran, marketing your business is a must. It’s crucial in good economic times and in bad. In fact, during an economic downturn, choosing the right CPA marketing channels for your business matters more than ever. Smart marketing can give you the edge you need to succeed—if you know where to spend your time and money! Listed below are five CPA marketing channels sure to help grow your accounting business. Direct Mail Along with huge accounting staffs, huge accounting firms have huge budgets. How can you [...]

By | 2018-03-05T11:31:36+00:00 March 6th, 2018|Categories: Growth and Expansion|Tags: |0 Comments

3 Things to Consider When Choosing a Tax Preparer

Since Donald Trump took office just over a year ago, there have been few major legislation that have passed. One that did squeak through was the GOP tax reform, and with mixed reporting on who the tax cuts will benefit, when, and how long for, individuals and businesses may feel swamped by the conflicting information they have been reading and hearing about in the last few months. With dire consequences for incorrect filings, the biggest shake-up to taxes in thirty years has left many feeling anxious about what these changes mean for them. The Tax Cuts and Jobs [...]

By | 2018-02-15T03:30:09+00:00 March 1st, 2018|Categories: Ongoing Management and Protection|Tags: , |0 Comments

5 Compelling Reasons Why Business Cards Are Still Needed

Although, businesses today have largely migrated and adapted to the digital terrain; so you might be tempted to think business cards don’t matter anymore. However, you must put your belief to the contrary, for business cards are still highly important. Consider this: you met with an influencing personality, got along well with him, and established a good camaraderie. Meanwhile, you both exchanged your business cards and after some time, that same person helped you get more clients and business opportunities. In a nutshell, a business card is no less than a roadmap to opportunity. However, making your business [...]

By | 2018-02-07T07:26:49+00:00 February 28th, 2018|Categories: Growth and Expansion|0 Comments

Tax Season Survival Kit for Accountants

No matter what your industry, you know when your busy season is about to start. For retailers, it’s the holidays; for florists, Mother’s Day and Valentine’s Day; for water parks or surf schools, summer. For accountants, of course, it’s tax season, where you can generate half your annual revenue or more for your accounting during these busy months. But how do you handle the extra workload during tax season without losing your sanity? Our tax season survival kit for accountants can help. 10 Steps to Help Accountants Survive Tax Season Step 1. Create a Game Plan You can’t go [...]

By | 2018-02-21T14:38:35+00:00 February 27th, 2018|Categories: Ongoing Management and Protection|0 Comments

Small Business Tax Advice and Survival Guide

Tax season comes to all businesses big and small, and can be a headache no matter how well you think you’ve prepared. For a small business owner wearing many (or all) hats in the business, it’s an unwelcome extra task sure to cause late hours and frayed nerves. To handle the additional workload during tax season, CorpNet offers some small business tax advice and presents our Tax Season Survival Kit for business owners. Step 1. Gather All Necessary Documentation The first step in preparing for taxes is gathering any necessary documentation. Ask your tax accountant for the list [...]

By | 2018-02-26T07:58:08+00:00 February 26th, 2018|Categories: Ongoing Management and Protection|Tags: , |0 Comments

Direct Mail vs. Email Marketing – Which Should You Use?

Everyone has an opinion on whether you should use direct mail vs. email marketing to promote your business. Opinions on this topic are like noses - everyone has one and they’re all different. You know you need to promote your business, but you want to use your marketing dollars effectively. As a small business owner, you may have a small marketing budget and need to get a big bang for your buck. With that in mind, let me walk you through some examples, which can help you determine what the right strategies could be for marketing your business. [...]

By | 2018-01-09T06:15:32+00:00 February 22nd, 2018|Categories: Growth and Expansion|Tags: |0 Comments

5 Proven Strategies to Retain Top Talent

According to a recent report by the U.S. Bureau of Labor and Statistics, 3.3 million Americans voluntarily left their jobs in December 2017. That number accounts for 63% of total separations between employees and their employer. According to this 2016 Human Capital Benchmarking Report, the average cost per hire to replace an employee is $4,129 and the average time it takes to fill a position is 42 days. Both could rise in 2018. It’s expensive, time-consuming, and a drain on company resources to hire and train an employee to replace a great team member who leaves. And in [...]

By | 2018-02-07T06:31:13+00:00 February 21st, 2018|Categories: Ongoing Management and Protection|0 Comments

How to Find Your First 10 Accounting Clients

Searching for the first clients for your startup accounting business might seem like finding a needle in a haystack (or, for you Harry Potter fans, like finding a Horcrux in the Room of Requirement). In reality, however, it can actually be pretty simple, thanks to powerful apps and social media marketing. Or, you might have better luck finding your first ten accounting clients the old-fashioned way, via face-to-face interaction. Better still, why not combine both types of marketing to find those first customers? Expert Advice for Finding Accounting Clients Here are 10 ways to find your initial accounting [...]

By | 2018-02-19T06:07:49+00:00 February 20th, 2018|Categories: Growth and Expansion|Tags: , |0 Comments

How to Budget as a Freelancer

Creating a budget as a freelancer shouldn’t be any harder than it is for any other small business. And yet, the rollercoaster ride of finding and keeping clients, collecting invoices, marketing your business and juggling all of this yourself can create major budgeting headaches. Income predictability is a challenge unique to freelancers, according to a recent survey by Upwork and Freelancers Union. Fortunately, there are many simple steps you can take better learn how to budget as a freelancer. Step 1: Keep Business and Personal Finances Separate Even if you used personal assets to start your freelance business, [...]

By | 2018-01-18T06:19:50+00:00 February 15th, 2018|Categories: Ongoing Management and Protection|Tags: , , , , |0 Comments

How to Use Google Analytics to Improve and Measure Your SEO

One of the most effective tools that you can use to boost SEO is Google Analytics. This vital resource can give you copious amounts of data that are linked to your website and how well it is doing as a whole, in addition to how well your SEO strategy is doing. One of the main reasons that website owners and SEO consultants swear by Google Analytics is because it can be so useful for discovering areas of your website that need improvement. With that in mind, the question is how can you use Google Analytics to improve and [...]

By | 2018-02-07T06:31:03+00:00 February 14th, 2018|Categories: Growth and Expansion|0 Comments

How to Start a Successful Bookkeeping Business

Good accounting software, a few clients, high-speed internet and a passion for being your own boss…what else does it take to start your own bookkeeping business? As with every small business startup, it’s important to do some research, and take care of the basics before you actually open for business. If you start your business on the right foot, you won’t stumble when you’ve grown and had so many clients you need to hire help. Increasing Your Chances for Business Success Get training or real-world experience. Working at an accounting firm or bookkeeping business can give you some [...]

By | 2018-02-07T07:22:29+00:00 February 13th, 2018|Categories: Startup and Launch|0 Comments

Increasing Client Satisfaction in Accounting Firms

What if you could increase customer satisfaction, while also increasing your revenue and profits? What if you could accomplish both objectives without changing your existing workload or staff? In a recent webinar, we walked through the benefits moving towards a more proactive mode with clients by helping them manage the burden of incorporation, LLC filings, registered agent services, and annual compliance management. We also explored CorpNet’s partner program and showed how CPAs, accountants, and bookkeepers can easily add these services to their existing advisory offering. At the end of the webinar, I held a live Q&A session for attendees. [...]

By | 2018-02-12T06:10:36+00:00 February 12th, 2018|Categories: Growth and Expansion|0 Comments

Online Brand Guidelines for Small Businesses

Establishing an online brand is essential. A brand, according to the American Marketing Association, is a “name, term, design, symbol, or any other feature that identifies one seller’s good or service as distinct from those of other sellers.” Ranchers put a hot iron on their cattle to affix a unique symbol—their brand. From a marketing perspective, the idea of a brand is much broader. Your brand is your identity and is the underpinning of your business. Creating Your Online Brand Recognize That a Brand Means Money A brand is a type of intellectual property that can have significant [...]

By | 2018-01-09T06:15:13+00:00 February 8th, 2018|Categories: Growth and Expansion|Tags: , , |0 Comments

10 Best Cloud Based Apps for Small Business in the Year 2018

With so much business technology today, it's hard to know the good from the bad. With cloud computing, you don't need to worry about this a lot because you can replace your business' hardware with a monthly subscription that lets you check out a variety of apps to see what works best for your business. These Software as a Service (SaaS) tools are available to fit all your business' needs while also improving collaboration, power, and cost-effectiveness. Considering that more people use their smartphone than their computer today, it's important to allow your employees to always work on [...]

By | 2018-02-05T13:17:51+00:00 February 7th, 2018|Categories: Growth and Expansion|0 Comments