small business

LLC Protection: What to Expect and Know

by / ⠀Entrepreneurship / June 4, 2022
llc protection

This article discusses what is LLC protection, and what to expect and know. There are many strategies you can implement to enhance the protection of your LLC entity. If you run a small business, your 2018 taxes were probably far higher than expected. The reason: The 2017 Tax Cut and Jobs Act significantly modified the tax code. These changes didn’t become evident until Americans filed their 2018 taxes.…

Tips for Scaling Your Business from Small to Medium Sized

by / ⠀Finding Customers Startup Advice / May 30, 2022
business scaling

Everyone hopes for their startup to be a success. But the initial years are all dedicated to survival. Very few startups survive long enough for the owner to think about scaling. But here’s the problem. Small business owners are so fixated on surviving that they don’t think about scaling. The thing is, if you focus on your business growth, there’s a better chance of your company’s survival. Additionally,…

Small Business Revenue: Companies Making over $1 Million

by / ⠀Entrepreneurship Startup Advice / May 30, 2022
Interesting Small Businesses That Make Over 1 Million

Starting your own business undoubtedly can be thrilling and freeing. But, it’s very costly too. Plus, there’s no guarantee of success. Indeed, small business revenue is crucial, as some companies end up fading into oblivion a few years after their launch. Naturally, no one wants to see their startups fail. So many hopes, expectations, and aspirations are associated with every small business. You would want to do everything…

How Should You Structure Your Small Business in New Hampshire?

by / ⠀Entrepreneurship Startup Advice / May 18, 2022
Thinking of starting a small business in New Hampshire? Here are key tips to structure your small business and get you to opening day.

Starting a small business in New Hampshire can be exciting, scary, and overwhelming. However, when you take things one step at a time, you’ll open your doors quicker than you realize. So, this article will go over the process of building and structuring your small business from scratch and give you some critical tips for success in your newest venture. Choosing Your Business Idea Choosing a business idea…

Registering Your Business for GST: A Quick Overview

by / ⠀Entrepreneurship Finance / May 17, 2022
Registering your business for a goods and services tax (GST) isn't difficult but it is almost always necessary. Here's how to get started.

When you start a business, you need to register for goods and services tax (GST), a value-added tax on the supply of goods and services sold to domestic and international customers. The tax is levied on the sale price of the goods and services and is paid by the consumer. In any government-regulated economy, businesses are required to remit taxes. The tax amount is generally a percentage of…

Common Cybersecurity Mistakes Teams Should Be Warned About

by / ⠀Entrepreneurship Startup Advice / April 28, 2022
Cybersecurity mistakes can bring a swift end to the most promising of startups. Customers demand data security. Here's what you need to know.

Countless companies have been targets of thousands of cyberattacks. They have seen it all, from attempts to push websites offline with DDoS to phishing emails. Sadly, cybersecurity mistakes can bring a swift end to the most promising of startups. Customers nowadays demand data security. While many successful attacks happen due to vulnerabilities that might be difficult to control, hackers continue to cash in on human errors. Thus, while…

The Greatest In Business Leadership All Have This Trait In Common

by / ⠀Entrepreneurship / April 12, 2022
Being successful is everyone's dream, but few manage to attain it. It's the leadership qualities that make a difference, plus this one trait.

Everyone aspires to achieve greatness. Everyone dreams of attaining success in their chosen ventures. Yet only a few manage to make a mark. What is the missing leadership trait? Every day, countless businesses are launched, ideas are proposed, and money is invested. Likewise, companies are established with immense fervor and enthusiasm. However, most of them fade into oblivion without a trait. More often than not, it’s the leadership…

Arresting the Slide: A Good Year for Small Business Success

by / ⠀Entrepreneurship / March 25, 2022
The period from 2020 to date has been one of the most difficult when it comes to small business success, but it's time to arrest this slide.

The period from 2020 to date has probably been one of the most difficult when it comes to small business success — perhaps ever. As CNBC highlights, 33.8% fewer businesses remained open by the conclusion of 2021. Despite this, wonderful creativity and application of business acumen have enabled many young businesses to remain open. Indeed, many actually grew and continue to grow. This sort of experience cannot be…

3 Ways to Reduce Employee Turnover

by / ⠀Entrepreneurship Startup Advice / February 14, 2022
As the overall cost of people quitting can be so high, let’s look at three specific steps you can take to reduce your employee turnover rate.

The employee turnover rate of your business is more than just a single number. High employee turnover brings with it a multitude of additional costs. Not only does your unemployment tax rate increase, but you have job advertising expenses, training costs, and overworked remaining employees. Turnover rates are an indication of a company’s stability and overall workplace satisfaction. The general approach to preventing turnover is, of course, to…

Employee Contracts: Important Sections to Include

by / ⠀Entrepreneurship Startup Advice / February 2, 2022
Hiring new personnel requires that you adhere to basic employment practices to avoid legal problems. Your employee contract provides the key.

Whether you are a startup or an established business, including the fine print in your employee contract might be difficult. Small businesses often handle their workforce needs by recruiting family members, friends, or taking recommendations from close people. However, as your company grows, you have to hire unknown candidates for new job positions. Hiring new personnel requires that you adhere to basic hiring practices to avoid legal issues.…

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