For a real estate agent, setting up an LLC is absolutely essential in forming your real estate business. The majority of real estate agents work as self-employed, independent contractors; even those agents who work for brokerages operate in a similar capacity, filing 1099 forms for their tax returns. Independent contractors usually have more freedom and a greater earning […]
Startup
How to Choose a Profitable Industry
Most people who step into the small business world have some idea of what they want to do. They’ve got a passion, some kind of inspiration that lights them up—and that can be a great starting point. The problem is, passion projects aren’t always profitable and that represents a huge barrier to success. When shaping […]
How to Create a Brand Name That Sticks
Have you ever wondered how companies develop their brand names? How did marketers come up with Twitter, Hulu, or Uber? According to MSG Management Study Guide, A brand name “is one of the brand elements which helps the customers to identify and differentiate one product from another. It should be chosen very carefully as it […]
The Resurgence of the Family Business
Could you imagine working day-to-day with you son or daughter? Would your father or mother make a good salesperson? Have you ever considered investing in your family’s future by owning a business together? That’s right, the family-owned business is seeing a resurgence. Though popular 2-3 generations ago, the idea of working with family members lost […]
9 Fantastic Family Business Ideas That Are Easier Than You Thought
Who says you can’t mix business and family? Even though our families may drive us crazy from time to time, especially the no-filter uncle at Thanksgiving, there are plenty of business owners who have created startups with their families in charge. While coming together to act as one family may be easy, finding the perfect […]
Rideshare Driver? Cover Your Assets with an LLC
If you’re driving for Uber or Lyft, this might be the first time you’ve taken on the responsibilities of self-employment, including reporting business earnings on your income tax return. Ridesharing is a bit different than other businesses, and you have a few options for how you report that income—you can use a Schedule C, or […]
Make Sure to Consider These Common Expenses When Preparing Your Startup
You’re almost ready to start your new business. You and your partners have come up with a killer idea for a company that you know your clients are going to love. You’ve even thought about what you’re going to name your brand, and how you can improve your chances of getting your product or service […]
When to Follow Franchise Trends and When to Avoid Them
A quick internet search of “franchise trends” will turn up hundreds of results about the “next big thing” in the world of franchising. Is it a good idea for you to jump on those trends? In addition to the types of franchises on the rise, business models and funding sources are also subject to trends. […]
USA vs. UK: Where is It Easier to Set Up Shop?
Often, it isn’t the lack of a good idea or entrepreneurial spark that stops new startups flourishing, it’s the barriers to entry in the market itself. New startups often underestimate the costs imposed on new business by the country they are in, making it too difficult to do business in your homeland. Seeking that ‘greener […]
7 Crazy Startup Ideas That Worked
I believe many people put way too much stock in the startup idea. Doing the business, doing the work, getting things done, and execution are all more important. Obviously a bad idea can make a business unsuccessful, but a good idea is no guarantee. And very few successful businesses are based on being the first […]
