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 Virtual Leadership Games For Remote Teams On Zoom
There are several virtual leadership games for remote teams on Zoom. Without effective remote leaders, online teams can quickly lose productivity. For example, communication can breakdown and cause teams to
6 Factors To Consider When Searching For The Right Project Management Software
Getting the right project management software requires a keener eye and some research. There are hundreds of software options in the market and not all of them will be the
5 Employee Compensation And Incentive Programs That Engage Workers
There are several highly-effective employee compensation and incentive programs that engage workers. Team incentive programs are designed to attract, motivate, engage, and retain the top talent. These reward programs provide
What’s The Difference Between Business Credit vs Personal Credit Cards?
There’s a few key differences when comparing business credit vs personal credit. Personal credit is directly linked to your financial past, spending history, and debt repayment behaviors. If you’re a
Why Employee Recognition Matters For Culture-Focused Workplaces
Most of us are familiar with the feeling of being appreciated. Whether it’s a heartfelt “thank you” from a loved one or a pat on the back from our boss,
5 Financial Requirements For Small Business Line Of Credit Approval
There are several small business line of credit requirements for startups. Business lines of credit revolve around a loan that permits access to a specified amount of capital. Naturally, businesses
How To Create An Incentive Program For Employees
There are several steps to create an incentive program for employees. Incentive programs enhance employee engagement, improve workplace motivation, and display appreciation for hard work. In fact, diverse companies utilize
5 Funding Options To Raise Capital For Your Small Business
Starting a business is no small feat. You need a solid plan and capital to stay in business long term. Capital will help actualize your business plan, which is often
5 Effective Wholesale Marketing Ideas To Manage And Attract New Customers
There are several effective wholesale marketing ideas to attract new customers. Today, wholesale companies and providers need strong marketing strategies to keep up with the growing demand for their product
How To Make Money With Multi Family Real Estate Homes
There are steps to make money with multi-family real estate homes. Real estate offers excellent investment opportunities to grow capital reliably compared to other asset classes. Plus, these types of
10 Unique Ideas For A Virtual Team Building Game Night
Virtual game night helps to encourage company communication and teamwork. They include internet-accessible activities as well as success recommendations. Company game nights are a great opportunity to foster group cooperation
What To Consider When Starting A Packing And Shipping Business
There are several factors to consider when starting a packing and shipping business. Today, over 90% of global trade happens through the packing and shipping industry. Indeed, many companies ship
How To Set Up A 401k Plan For Your Small Business Employees
There are several steps to set up a 401k plan for your small business employees. Today, smaller businesses struggle to offer substantial retirement packages compared to large corporations. According to