Small Business Management

Entrepreneurial inspiration from Olympic champions

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 [...]

2017-12-26T07:43:06-07:00 August 15th, 2012|Categories: Growth and Expansion|Tags: |

CorpNet.com Celebrates 3 Years in Business!

July 1, 2012 was the 3rd anniversary of CorpNet opening for business. 3 years ago, we started our company with the goal of helping entrepreneurs start a business and manage their business filings. My husband Phil and I had been business partners before, in the "old days" of the Internet in 1997, but after a four-year hiatus we found that our industry of helping people incorporate a business online had radically changed. We started CorpNet at a very bad time in the economic climate - 2009 was the absolute depths of the Great Recession. Optimism and start-up capital and customers were in short supply, making it tough for a lot of would-be entrepreneurs to commit to starting a business. In this post I lay out the few lessons we've learned from being in business for three tumultuous but fun-filled years.

How to Provide the “Midas Touch” in YOUR Business

The idea of the “Midas Touch” originates in Greek mythology with the original story of King Midas, who had the ability to turn everything he touched into gold. In the same way, if you can provide “the Midas touch” in your business, your customers will repay you with the “gold” of repeat business, referrals and positive word of mouth. CorpNet recently had a “Midas touch” moment of our own when we got secret shopped by the NextAdvisor site. Our top notch customer service and sharp focus on delivering solutions for a specific niche of the market got a lot of praise, and this experience gave me some ideas for how other entrepreneurs can provide “the Midas touch” in their businesses. Ready to start a business and create a “Midas touch” all your own? 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.

2017-12-20T08:31:09-07:00 July 5th, 2012|Categories: Startup and Launch|Tags: |

Why Entrepreneurship is the True Spirit of American Independence

This year on the 4th of July, let's celebrate the spirit of independence that comes from starting a business. Entrepreneurship is at the heart of the American dream - we're one of the most entrepreneurial countries in the world. Just as our nation was founded on the idea of personal liberty and autonomy, you can make those ideals a reality for your and your family by starting a business. In this post, I provide a few reasons as to why the 4th of July should be an occasion to celebrate the independence that comes from entrepreneurship.

2017-09-08T10:22:19-07:00 July 4th, 2012|Categories: Startup and Launch|Tags: , |

Marketing Lessons From a Stand-up Comedian

Doing stand-up comedy is a huge rush, unlike anything else I’ve experienced. I love the complex interplay with the audience, the thought process of writing jokes, the energy of cultivating a stage presence and delivering lines, and the sound of a room full of laughter. In the same way, I hope your business can succeed in a way that leaves you feeling fulfilled. Whether you’re a stand-up comedian or not, every entrepreneur is in the business of pleasing an audience and making your dreams come true. Ready to start a business and take the stage as a star performer in your industry? 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.

2017-12-27T14:02:13-07:00 July 3rd, 2012|Categories: Startup and Launch|Tags: , |

4 Reasons Why America is Still a Great Place to Start a Business

It’s easy to be down on America these days – the economy is struggling, unemployment is still way too high, and the past 10 years of business scandals, terrorism, disasters, war and political stalemate have led many to question whether America’s best days are behind it. This 4th of July, I’ve been thinking of some reasons why America shouldn’t count itself out just yet. Even though our country is facing many significant challenges, America still has many important advantages that make this country a great place to start a business. Here are a few reasons in this post as to why American entrepreneurs and Americans who are thinking of starting a business can take heart and find reason for optimism in starting a business.

2018-01-11T04:55:56-07:00 July 2nd, 2012|Categories: Seed and Development|Tags: |

How to bring “LASR Focus” into your business

Entrepreneurs are always looking for ways to market their businesses, find new customers and take their profitability to the next level. I’ve been thinking lately, based on some recent experiences and success stories we’ve had at CorpNet, about what are the fundamental elements of business success. To me, it comes down to “LASR Focus” – and “LASR” stands for “Love, Affection, Simplicity, Reliability.” Ready to start a business? 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.

2017-12-06T07:37:36-07:00 June 21st, 2012|Categories: Growth and Expansion|Tags: , |

California has America’s worst business climate – or does it?

According to a recent survey of CEOs, if you’re trying to decide which state to start or expand a business, California is rated as having the worst business climate in the U.S. due to factors such as business regulations, tax policies, cost of doing business and workforce quality. Texas was rated as the #1 state in the U.S. for doing business, due to its perceptions as a business friendly state with low costs of doing business, ease of regulations and low taxes. Regardless of which state you’re in, the most important factors in the success of your small business are your own hustle, dedication, energy, ingenuity and love for your customers and your industry. The most important business climate is inside of you. Ready to start a business and create a more profitable climate for your financial future? 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.

As an Entrepreneur, Your Job Title Doesn’t Matter!

Many people start a business because they want to “be their own boss” and have more control over their lives – with is a valid and noble reason for pursuing entrepreneurship. But one mistake that some would-be entrepreneurs make is that they assume that being “the boss” means they never have to do any “grunt work.” Of course, just because you have to “wear many hats” doesn’t mean you should try to do everything yourself. One of the most important skills that small business owners need to learn is how to delegate. Focus on what you do best, find what role you can fill most effectively to get maximum return on your time and money, and maximize profitability for the company. But when time is short and budgets are tight, you should always be prepared to step in and do whatever needs to be done to keep your business running. Ready to start a business and become the CEO and janitor of your own company? 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.

Illinois Affiliate Tax Law Struck Down: Is Now the Right time to Form an LLC in IL?

The state of Illinois recently had a state sales tax law struck down that could provide some exciting opportunities for entrepreneurs who are looking to form an LLC in Illinois. Do you want to incorporate in Illinois? CorpNet can help! Even though we’re based in California, CorpNet can help you incorporate in IL or any other state. Check out our state-specific business formation packages to form an LLC in IL, incorporate in IL as another corporate entity, or start a business in any other state.

2018-02-23T07:23:00-07:00 June 5th, 2012|Categories: Startup and Launch|Tags: , , |

Lessons from Japan’s killer earthquake – over a year later

On March 11, 2011, Japan was hit by a massive earthquake, one of the 5 most powerful earthquakes in history. Over 15,000 people died, nearly 3,000 are still recorded as missing, and the economic costs of the earthquake and resulting tsunami have made this the most expensive natural disaster in history. For more information on the 2011 Japan Earthquake and Tsunami, watch this special from PBS Nova, “Japan’s Killer Quake.” Ready to start a business and build your own winning company culture? 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.

2017-12-26T10:42:14-07:00 May 28th, 2012|Categories: Ongoing Management and Protection|Tags: |

3 Business Management Lessons From Jeremy Lin

If you’re a basketball fan, one of the most exciting stories of the 2011-2012 NBA season has been the emergence of Jeremy Lin, point guard for the New York Knicks. Lin came from out of nowhere, replaced an injured point guard, and led the Knicks to a stunning winning streak with one of the best career starts in NBA history, becoming the first NBA player to score more than 20 points and make seven assists in each of his first five starts. Ready to start a business and cut ties with your old corporate job? 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.

2017-12-26T07:54:15-07:00 May 24th, 2012|Categories: Ongoing Management and Protection|Tags: |

How to Succeed in Business, Starting from Nothing

Here at CorpNet, we pride ourselves on being a family-owned business. My husband Phil and I are the founders and owners of CorpNet and we have been partners since Day 1. We’re excited to be successful entrepreneurs who have helped create jobs for several of our favorite people – our CorpNet employees are just like family to us. Ready to get off the couch and start a business that can keep your whole family comfortably outfitted in boxer shorts? 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.

2017-12-26T10:03:23-07:00 May 23rd, 2012|Categories: Startup and Launch|Tags: , |

The #1 reason why I should have hired CorpNet a long time ago…

I recently hired CorpNet to incorporate a business for me: Big Entertainment, LLC. It was an awesome experience and I'm really glad I did it - and my only regret is that I didn't form an LLC a long time ago. Do you want to feel this same kind of relief and optimism that comes from finally starting a business? It all starts with a single call to CorpNet. Start a business the right way, today - you won't be sorry. And you'll never have to see your accountant cry.

2018-02-06T07:16:48-07:00 May 23rd, 2012|Categories: Startup and Launch|Tags: , |

The Quick and Easy Guide to Writing a Small Business Plan

Even the smallest, simplest small business needs a business plan to show how you’re going to find customers and make sales, how you’re going to compete with other existing players in the market, and how you’re going to assess your strategic options to decide where, whether and how to compete in various market niches. Writing a business plan also makes it easier for your company to get a small business loan or secure venture capital financing, as it gives you an official document to disclose your financial projections to potential lenders and investors. Here are a few key elements that you need to include in your small business plan, with guidelines for how to compose each part of the written business plan that i discuss in this post.

2017-12-27T11:39:59-07:00 May 21st, 2012|Categories: Startup and Launch|Tags: , , |

6 Powerful Ideas to Defeat Deadbeat Clients

I was recently featured in an article on Fox Business Small Business Center offering advice on how to overcome deadbeat clients. This is a crucial topic for anyone who’s thinking of starting a business, because the unfortunate reality for many small business owners is that not all of your customers are going to pay you. Running into deadbeat customers is a cost of doing business. Fortunately, there are many ways you can protect yourself and maximize your profits by avoiding and overcoming deadbeat clients. In this post, I discuss a few lessons from the Fox Business article.

2017-12-20T08:44:38-07:00 May 14th, 2012|Categories: Ongoing Management and Protection|Tags: |

Bakery Management and Bankruptcy: Lessons for Small Business

There was a local bakery that I used to love. The owners were a really nice married couple in their 50s, and they seemed to be loving life and having great success. They always wore funny hats for Halloween, Easter, Christmas, and offered fun seasonal promotions. There was a spirit of humor and excitement in the air, every time you went to that bakery the place was buzzing. Unfortunately, over the next couple of years, the business went downhill. In small but perceptible ways it just wasn't the same place anymore. I’m sorry that things didn’t work out better for the new owners of my old favorite bakery. But I hope anyone who reads this story can find some new inspiration and new ideas for how to keep your business strong and growing. Ready to start a business and create a special sense of place for your 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.

2017-09-27T08:59:11-07:00 May 3rd, 2012|Categories: Ongoing Management and Protection|Tags: |

What can Rupert Murdoch teach us about succession planning?

Most small businesses are never going to grow as big as Rupert Murdoch’s News Corporation, and fortunately most businesses will never face such grave and shocking accusations of misconduct as Rupert Murdoch’s company now faces. But no matter what size your company, it’s never too early to start thinking about your firm’s succession plans. Succession planning is a way of ensuring that your company has a bright future even after you’re gone. Ready to start a business and build your own business empire? 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.

2017-12-20T10:06:52-07:00 May 1st, 2012|Categories: Maturity and Exit|Tags: , |

How to fix college football by forming an LLC

If you’re a college football fan, chances are you’re dissatisfied with the BCS (Bowl Championship Series) that is meant to determine the college football national champion, but instead seems to create more controversy and mess with each passing year. Instead of clearly crowing a national champion, the big football conferences have set up a convoluted system that cannot guarantee to put the two best teams on the field to compete for the national championship. Undefeated teams get left out of the BCS championship game because of arcane computer calculations. One-loss teams fail to win their conference, but still get to compete for “national champion.” To fix the BCS mess, according to this article, a group of conference power brokers are discussing the possibility of introducing a true national Division 1 college football playoff system. And the secret weapon of this new system might be as simple as forming an LLC.

2017-12-06T08:18:04-07:00 April 12th, 2012|Categories: Startup and Launch|Tags: , |