How Does An LLC Business Structure Limit Liability?
One of the main reasons why a limited liability company (LLC) is a desirable business structure is clearly because it “limits liability;” but in what way and to what extent does it limit it? Understanding the answer to this question will be a big factor in determining whether you want to upgrade your sole proprietorship to an LLC. There are 10 times as many sole proprietorships that file a DBA compared to LLC filings in the US, and the reason is
How An Ecommerce Business Consultant Works For Startups
Ecommerce startups often need help and advice to establish themselves. With a crowded market and limited capital, startups constantly risk failure in their first few years. To solve this, many of these startups turn to ecommerce business consultants. As the owner of ecommerce startup, you might wonder if these consultants are worth the cost. However, these consultants can provide you with services that you might not be able to access without them. Here are five ways that an ecommerce business consultant
How To Start A Podcasting Business With Consistency
Podcasts are an exciting new medium in the entertainment industry. Podcast listenership continues to rapidly expand. In response, many podcasters have turned a profit by monetizing their podcasts. For the new entrepreneur with a personal podcast, this new industry can be a great chance to make money by being creative. However, having a podcast and having a podcast business are two very different things. If you want your podcast to profit, you need to navigate the market carefully. These five steps
How To Form Legal Startups In The Growing Cannabis Industry
As states continue to legalize marijuana, there is an increase in demand with a shortage of supply. This makes for a great environment to start a cannabis business. Millions are attracted to these startups to buy cannabis. Since the business model is highly profitable, many startups are entering the space. To help entrepreneurs who are starting out in the cannabis space, we got some tips from MJ Freeway on what startups in cannabis should be doing to build a successful business.
How To Get The Most Out Of Your Business Secured Credit Card
A business secured credit card is an important tool for building or rebuilding a business’ credit score. When business funding is hard to acquire, a business secured credit card uses the card holders saving account as collateral for the card’s line of credit. This means the bank will not need a credit score from the cardholder, since the deposit covers their risk. For first time business owners, these cards can be a great way to establish business credit. Without this credit,
How To Create An Effective Rewards Program For Repeat Customers
A rewards program can be a useful marketing tool for any retail company. By rewarding purchases, these programs help retain customers and encourage them to buy more. This is also cost effective for popular business companies. It costs, on average, a business 5 times more to acquire a new customer than it costs to retain an old one. As a result, rewards programs have become common throughout the retail sector. The problem is the average consumer only uses around 6 of
6 Popular Ways To Make Your Business Website Stand Out From The Rest
During the early days of the internet, it really felt like every business had its own unique website. Everywhere you went – even if it was to different competitors offering the same basic service – there was a strong sense of identity there, and a sense of who you were dealing with as both an individual and an entity. These days, much of that uniqueness is gone. The success of services like WordPress has left a number of sites looking almost
How To Analyze Your Competition For Market Opportunities
The biggest concern of a business owner is their competition. No matter what field you’re in, there is someone out there who could potentially take your customers. Businesses have to work hard to stay ahead of the competition, paying attention to what is going on in the market. Competitor analysis tools have been created, but for those who want to do their own research, there are a few simple steps to follow. Business owners should be able to conduct their own
5 Franchise Financing Solutions To Start Your Business
Franchise financing can be difficult, but there are many funding options available for the potential franchiser. If you own a business and are looking for a way to expand your operations, franchising is a possible opportunity. There are several solutions for franchise funding. Read on to find the one that works best for your business. The Franchisor Company It may sound obvious, but one of the most common sources of franchise financing is a franchisor or franchisor financing company. Many U.S.
How Obtaining Car Loans Is Beneficial To Limited Credit Buyers
No one can deny that a vehicle or an automobile is one of the most indispensable amenity/asset of an individual. In modern day of professionalism and mobility, one would not be able to survive in absence of this lucrative amenity. However, acquiring a vehicle would never be easy. Why? This is because it always demand immense spending of dollars. Yes, acquiring a personal or company car is capital expenditure which one usually make only few times in its life. But with
5 Steps To Business Succession Planning For A Smooth Transition
One of the toughest management challenges for a small business is successful succession from one owner to another. It is so challenging that most small businesses don’t survive it. For the owner of a small business, it’s important to treat your succession as a process, not an event. It’s also important to plan for your succession early. A business succession will take several years. It will also involve an array of issues both personal and professional for you and your business.
How To Turn Your Small Business Into A Lead Generator Machine
The success or failure of many small businesses is dependent on finding individuals likely to become customers, also known as “Generating Leads.” However, traditional lead generators have proven more and more ineffective as the marketing space becomes saturated and consumers grow more media savvy. For brand-new small business owners, this quest for lead generators is essential to grow your business. By using the 5 tips below, you can build lead generators that will ensure a steady stream of new customers. Know
These Essential Business Services Cost Less And Do More Than You Realize
Are you a micromanager? You’re not alone. Many entrepreneurs, perhaps most, struggle to delegate effectively. Micromanagement has all sorts of unintended consequences, such as poor resource utilization. When you micromanage, you’re “constantly putting out fires, rather than focusing on the larger tasks that only you can perform,” says the Forbes Coaches Council. Unlearning hands-on management habits is especially tough when the time comes to delegate to outside contractors and third-party service providers. How can you trust someone with whom you have
5 Life Insurance Sales Ideas To Close More Deals
Life insurance agents constantly need to upgrade their life insurance sales tactics. As a life insurance agent, you are well aware that you compete against other agents on a daily
5 Best SBA Loans For Veterans With Bad Credit
SBA loans for veterans assist past soldiers in starting up their own businesses. As an entrepreneur who previously served in the U.S. military, you have numerous financial options for starting
A Basic Guide To Understanding Digital Sales Funnels
Every few years, a new term enters the standard language of business and sales. Those who know what it means will use it as much as possible so they can
A Private 401k Guide To Help Business Owners Save For Retirement
Planning for retirement is crucial for any working professional. Unfortunately, self-employed professionals often do not have the same access to retirement savings options as traditionally employed workers. This can make
5 Must Have Life Coach Qualifications To Start Your Own Business
If you are an entrepreneur who likes to live your best life and help others become the best versions of themselves, becoming a life coach could be quite the lucrative
5 Hidden Costs Of Owning A Motorcycle
The motorcycle vs. car debate has gone on between vehicle owners for years. They constantly compare the costs of owning a motorcycle to the prices associated with owning a car.
How To Optimize Self Employed Dental Insurance Plans
Business owners struggle to obtain quality self employed dental insurance. Many consider term insurance plans because of the tax benefits, but lack dental plans that meet their needs. As a
7 Cheapest Credit Cards To Match Your Financial Situation
When applying for a credit card, there are many factors to consider. Whether you are a business owner, a student, or just an average traveler, your financial situation is important
5 Tips To Help Young Entrepreneurs To Earn Side Income
The early days of setting up a business might often be very difficult, as you have a lot to handle but you’re inevitably left with limited cash in your hands.
5 Factors That Determine Semi Truck Insurance Cost
Owner operators spend large amounts of their capital on semi truck insurance. As the small business owner of a trucking company, your trucks are essential to your business. Since you
5 Cloud Computer Service Vulnerability Threats To Watch For
Many business owners ignore major cloud computer service vulnerability threats. They focus, instead, on how the technology advances group task management. In doing so, they risk getting hacked and losing
12 Easy Things You Can Buy Used To Save Extra Money
Not everything has to be purchased brand new. Many things are still in perfectly good condition after being gently used, and “previously owned” equals saving money. Shop around and find
5 Most Helpful Virtual Assistant Tasks To Outsource For Small Business
Virtual assistants help small business owners manage a multitude of tasks and responsibilities. Ultimately, hiring a virtual assistant makes a small business owner more efficient and productive. In this highly