Is Your “Business” Actually a Hobby?
You may have started a home-based business and now it is tax time and you don’t know what to do. You’re operating a business, so your expenses are deductible, right? Not. So. Fast. If you’re not making a profit, the IRS may regard your business as a hobby. If this happens, you may not be…
Read MoreAdding Team Building Value to Your Next Staff Conference
More and more organizations are looking at ways to incorporate fun and social team building activities into their staff conference programs. A great recent example and showcase of how this can be done effectively was with a long-time client of ours in Epic Pharmacy. Here are some insights from this example into combining a staff…
Read MoreThe New Approach to Business Planning
Have you wondered how to start a successful business that is difficult to compete with? Whether you’ve started a new business or you’re still thinking of how to turn your ideas into a profitable business, your success depends on getting the foundations right. Among all foundation elements that your startup must have in place, a…
Read MoreBusiness Formation: A Crucial Component for Entrepreneurs
We’ve all seen advice from the Internet that looks far from credible. There are the questionable websites promising countless get rich quick schemes. Weight loss is as simple as a eating this, trying out this miracle drink, or purchasing the newest stair stepper. My personal favorite is Facebook advice from Joe Somebody who specializes in…
Read MoreThe Ins and Outs of Applying for a Small Business Term Loan
When most people are in the market for a small business loan, they think of a 3-5 year term with monthly payments. The problem with the business lending industry is that many business lenders are offering bad credit business loans. Small business term loans are very different from what the majority of the industry offers.…
Read MoreCompany Conscience: Telling Right from Wrong in the Corporate World
In the corporate world, it can be difficult to do the right thing as opposed to what may be the more profitable option. However, ethical dealings with your people, customers, and other companies can actually prove to be more profitable in the long run. How do you tell right from wrong in the corporate world?…
Read MoreIs Your Website Losing You Customers? Here’s How to Fix It
If you’re running your own business, your website should be the hub of all of your marketing efforts. It should be pulling prospects in, and keeping them there long enough to convince them to become a customer, growing your business in the process. Unfortunately, for many businesses, this just isn’t the case. I can’t tell…
Read More10 Steps to Profitable Strategic Business Decisions
Most entrepreneurs are so overwhelmed by the day-to-day challenges of their business that they rarely take the time to work on longer-term strategy (they work in the business versus on the business). As a result, strategy decisions are made in the same ad-hoc crises style as operational decisions, and the business suffers. Gut reactions are rarely the optimal solution…
Read MoreSmartphone Addict? Startling Facts About Mobile Use
Everywhere you look, people are glued to their smartphones. Whether you’re in a coffee shop, at a dinner party or walking down the street, chances are you’ll see someone intently engaged in their mobile phone. The average user now checks their smartphone 85 times each day. Mobile use has never been greater as we all…
Read MoreIs a Home-Based Franchise Right for Your Work Style?
You know what sounds appealing? Wearing pajama pants to the office and sleeping in until noon. That’s what it’s like to work for yourself, right? Not quite. Home-based franchise ownership is a unique type of career. Although there are plenty of perks, such as getting to set your own hours and eat your own food…
Read More