Depending on what kind of business you have, you might not be able to turn to a bank for money. For those for whom a traditional bank is not a viable source of capital, a merchant cash advance can be the answer.
"Making payroll"—that is, managing a small business so that paychecks are delivered on time even when the unexpected occurs—can be one of the hardest parts of a small business owner's job. One thing certain to make that job even harder is a payroll tax mistake that can lead to IRS problems.
If you use your home for business, there are expenses you can deduct on your tax return. The home office deduction is available to both home owners & renters alike. The home must be used by a self-employed individual or an employee who works from home for his employer's convenience.
If you sell a product, then the secret to your success will be to offer a great value proposition. That means that your product should improve people's lives in a way that they deem more valuable than the price you're asking for when you charge them.
Now that you have a better understanding of your prospect's goals and challenges, the next step is introducing yourself in a way that gets their attention and opens the door to a conversation.
Some aspiring entrepreneurs are so desperate for funding, or naïve, that they ignore the obvious signs of scams and rip-offs on the Internet, praying for a windfall. One would think that with all the sad stories and tools published over the past twenty years, this problem would be behind us.
In this harsh economic climate, many businesses suffer financially. Money is always the objective to have a financially-sound business. There are different ways to secure funds for your business.
CPA's provide a valuable service. However, you can't expect them to read your mind, tell you what is wrong with your business, or give you opinions about your business. Some are great business consultants along with their tax knowledge.
In How to Avoid the Low Price Trap we talked about focusing on the tops of the trees, the hard to get clients with the best paying projects. But how do you build that ladder to reach them?
In an economic climate where a small business may require a massive investment of capital in order to get off of the ground, being able to cut the costs of operations can be a major source of assistance to productivity as well as staying in the black.