Bill Wortman

As the Chief Business Consultant at BizCoachingOnDemand.com, Bill has over 40 years of business experience. He's held multiple executive-level positions and fulfilled the role of CFO at large, publicly-held (NYSE, NASDAQA, and AMEX) corporations. In addition, he's also been an owner of several successful private ventures in real estate and in the automotive industry.

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I have an idea on creating an app for iPhone and Android. How should I go about doing this?

An app can be expensive to have developed; therefore, you may need to assess the app industry and your ability to recover your (and any investor’s) investment and eventually make money. You can research the app development business through industry articles, information, and resources like the following:

Overtime Pay Legal Considerations?

Whether an employee can work over 8 hours per day in your state and over 40 hours per week without overtime compensation will depend on whether the employee is subject to the minimum wage and overtime pay provisions of the Federal Fair Labor Standards Act (FLSA) or state law if it is more restrictive.

What is the best way to Select a Tax Advisor?

When evaluating bookkeepers and accountants, the professional expertise that you require (accounting, tax, and/or general financial advice) will influence the type of professional that you select. Also, as a general rule, the more accounting activities you allow a bookkeeper or accountant to perform, the higher the cost.

Lower Your Business Taxes with an LLC, or Too Good to be True?

Many entrepreneurs decide to form an LLC in order to protect their personal assets from seizure by a bank or lender, but there are several tax advantages that incentivize LLC formation as well.

Estimated Tax Payments for Small Business Owners

As a small business owner, you follow a different set of tax rules than your employees. Making estimated tax payments throughout the year is required and should be handled in a way that’s not particularly burdensome.

Ting: A Cost Effective Cell Phone Plan for Small Businesses

Have you ever struggled to find a cell phone carrier that has the right plan for your small business? Ting is a cell phone plan provider run through the Sprint network that provides a smart solution to a recurring problem for businesses. Here are a 5 few reasons why you should consider setting up a cell phone plan for your small business through Ting.

Price Increases and Strategy?

You are correct that competitive prices can be critical in an economic recession in order to maintain customers and market share; however, you still need to maintain adequate profit margins and profitability. We do not know how long it may have been since you increased your prices; however, businesses must continually monitor their profit margins and operating costs…

How do I bill my clients for my consulting services?

We do not know the type of consulting services you plan to offer.  However, business consultants and other service businesses have standard billing rates by staff position. Also, these billing rates are often adjusted based on the total hours of the project, competing consultant fees, and other factors.

What is Workers Compensation Insurance?

Workers’ compensation is a no-fault system designed to provide benefits to employees injured as a result of their employment activities and to limit the liability of employers. Because it is a no-fault system, the employee does not need to prove negligence on the part of the employer to establish liability.

How do I file a sole proprietorship under the same name?

 Sole proprietor formation: You can review the other basic steps to forming a sole proprietorship in your state through the following government and business resources, which include these considerations…