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 [...]
A startup advisor can be invaluable to help you navigate through startup pitfalls, structure your company, find funding or scale up your business for profitable growth. I recommend a startup advisor -- provided you can devote the time to make the most out of your advisor’s expertise, talents, and connections. If you just go through the motions without leveraging what your startup advisor has to offer, then it will be a waste of time. But if you are committed to accepting advice and mentoring, and you pick the right startup advisor, you can accelerate your business’s success. [...]
With time of the essence, I won’t delay getting right to the point of this blog post: Now is the time to get your company’s ducks in a row so your business will have a happy New Year. And by happy, I mean being prepared so you won’t suffer from the headaches and frustrations of falling behind on mission-critical responsibilities. So, without further ado, here’s a helpful year-end closing checklist to guide you in closing your 2017 on a joyous note. Your Year-End Closing Checklist to Make the New Year Merry and Bright 1. File to Change Your [...]
As a business owner, you want to use every advantage to help ensure success. One opportunity to consider is a business mentor. A business mentor is an entrepreneur with more experience than you and who’s there to help you achieve your goals. It’s someone with no stake in your company that you can trust to keep you moving ahead. Unlike business coaching, which usually is a limited engagement focused on specific business problems, with mentoring you can develop a relationship that lasts indefinitely and is personally and professionally rewarding to both parties. Why You Should Seek Out a [...]
For a variety of reasons, entrepreneurs may decide to close the business they worked so hard to start and grow. Situations change and the need to dissolve an LLC or corporation may need to be addressed. An entrepreneur can grow tired of small business ownership or may simply want to retire. Possibly the business has been losing money or it isn't as profitable as it needs to be. Regardless of the reasons, an LLC needs to be dissolved in a formal and methodical manner. This task doesn't have to feel daunting. Our six easy steps will provide a guide [...]
The modern business must take advantage of useful tools to run at peak efficiency. Some tools improve productivity, while others remove excess downtime among employees or lower the risk of human error. If you're looking for efficient business practices to streamline your venture, the following eight options offer excellent places to start. Efficient Business Practices to Focus On Virtual Phone Systems According to a Gallup survey, as of 2016, 43 percent of employees work at home at least part of the time. When managing remote employees, you need a way to keep them connected to their offices, especially if they [...]
If you don’t have a good online business reputation, you can easily lose customers to your competitors. This is why big businesses hire consultants to help improve their reputation online. Most shoppers gauge the reputation of a company before committing to a purchase. They look at various sources such as social media and review sites to see how people are talking about you. Small businesses and startups can also improve their online reputation without breaking the bank. In this article, we’ll cover 5 tips to give your business’ online reputation a healthy boost. Boosting Your Online Business Reputation [...]
What is a trademark? A trademark is a word, phrase, symbol, or design (such as a business name or logo) that identifies the source of a product or service and distinguishes a brand from its competitors. Trademarks give owners of their marks protection from other businesses in the U.S. using those marks. Preventing confusion in the marketplace is the primary purpose of trademarks. To obtain a trademark, you must file an application with the U.S. Patent and Trademark Office (USPTO). The Details: What is a Trademark? If you're still asking "what is a trademark?" read on for more [...]
Mars Cafe is a fun success story of how a business can take on a life of its own that is bigger than any individual. I look forward to working and socializing there for many years to come. Ready to start a business and build up your dedicated community of customers? Talk to CorpNet for a free business consultation on how to incorporate a business. CorpNet’s free tools, advice and guidance can help you choose a business structure, form an LLC, set up an S-Corporation or other corporate entity to protect your assets and attain the corporate tax benefits and financial advantages of doing business as a corporation.
Small business sales and marketing doesn’t have to be complicated. Making bigger profits for your company is often just a simple matter of learning how to ask good questions, listen closely to what people say, and look for ways to deepen your conversations and build deeper relationships with your customers. But it does require a spirit of generosity, conscientiousness and attentiveness that goes beyond simply “taking orders.”
What do you do when a customer tries to leave your business? Whether you’re a freelancer who wants to avoid getting “fired” by a long-time client, or a retail location that wants to keep up steady traffic of repeat business and referrals, it’s important to maintain your customer relationships. But sometimes, what happens when a customer decides to no longer do business with you can be one of the most important ways to keep making your business better. If you learn from it, even going through the experience of losing a customer can help you gain more customers in the long run.
I know that business can present with a whole new forecast daily just like the meteorologists, but I also know that we can help control how we adjust to our startup's temperature fluctuations. It is by being calm, cool and collected ourselves.
Success as an entrepreneur is not about “how much you know,” it’s about “who you are” as a person. These elements of character are essential for becoming a successful entrepreneur.
The most important entrepreneurship lessons can't be learned in a classroom.
Even if your small business never achieves $4 billion per year in revenue, we can all learn from the success of the National Football League.
Want to save money, save time and get reassurance about your small business taxes? Hire an accountant.
Back to school season isn't just for kids - it's also a great time of year to re-evaluate and re-energize your small business operations.
Usain Bolt is the “fastest man alive” after winning Gold in the 100 meter dash at the London Olympics. The Jamaican sprinter is a legend in his own time after winning his second Gold medal in one of track’s most recognized events. What are some lessons that entrepreneurs can learn from this remarkable competitor?
Has your business ever been “secret shopped” by a customer who turned out to secretly be writing a review of your business? Our company, CorpNet, recently got “secret shopped” by an online review website called NextAdvisor, and we were pleased to see that their review was very favorable!
Now that the Olympics has come to an end...It's time to reflect and see what are some ways that entrepreneurs can take inspiration from these Olympic athletes? One of my favorite parts of watching the Olympics this year was not just the competition or the emotional stories, but the feeling that that comes from seeing people who have worked so hard, for so long, to reach the ultimate pinnacle of their sport. Every Olympic champion who stands on the medal podium is the undisputed best in the world at what they do, and that's an achievement that no one can [...]