Whether you lay out detailed instructions for the daily duties of your employees or you prefer to take a more free-rein approach to management, it’s extremely important that your employees develop the right habits.
Matt Tarkenton
The 6 A’s of Successful Leadership
Great business leaders don’t merely reach their goals of achieving growth within an organization; they carry themselves in a way that garners the respect of those around them.
Seeking Investors
Investor solicitation laws and paperwork. It appears Reg D Rules 505 or 506 would be applicable to a $3 million securities offering. A comprehensive business plan is always a good starting point; however, large investor solicitations have investment risks, other purchaser disclosure, and financial information requirements.
I would like to know how to register my business as a woman-owned business on a national and state level.
Of course, if you own your business, then it is a woman-owned business; however, whether any other minority or women-owned business certification would possibly be of any advantage for your particular business will depend on your target customers, financing requirements, and other factors.
Dealing with Failure
In business, you have to constantly try new things, because most of the things you try won’t work. It doesn’t mean they weren’t worth the attempt; it just means that the small business world is impossible to predict. Because none of us know beforehand what will work, we have to try many things that fail in order to reach success.
How do I go about hiring a sales team to work on commission instead of salary?
Minimum wage regulations: The following government and labor information indicates that outside sales jobs are not subject to minimum wage laws and could possibly receive no pay other than earned sales commissions:
Setting up a Foundation?
Scholarship programs. There are different approaches to establishing scholarship programs which range from an annual scholarship awarded by a business to a nonprofit foundation that may fund many scholarships. We do not know how much money your business plans to spend on scholarship awards or if you plan to operate a nonprofit organization to raise money for scholarships, but establishing a scholarship program with preferential tax treatment for donations involves the creation of a nonprofit charitable entity.
Pricing Strategy: Factors to Consider
How to price your product or service is a critical decision that your small business must make and will directly determine your ability to succeed in an uncertain economic environment.
How do I go about forming a Non-Profit business?
There are various considerations (legal, tax, general operational, etc.) that must be addressed when starting a nonprofit. Forming a nonprofit business first involves the determination that your planned activities will qualify for an IRS nonprofit exemption.
Tax on Gifts?
A personal gift is not includible in the gross income of the recipient, or donee, of the gift; however, gifts exceeding the annual exclusion for gifts ($14,000 in 2013) may be subject to gift tax, which is the responsibility of the maker, or donor, of the gift. Whether a gift is subject to gift tax will depend on the donor’s total lifetime gifts.
