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
Develop Video Marketing Strategies To Ramp Up Acquisition & Loyalty
One of the best ways to grow your business is by engaging with your customers. According to a recent report published by Cisco, Internet video traffic will be 69% of
Secret HR Recruitment Strategies To Find The Best Job Candidates
It takes the right team of people to turn a new venture into a lucrative business, but when you are competing for talent with global companies both large and small,
How Unified Communications And Collaboration Tools Help Cut Costs
Graphic provided by ShoreTel As more companies begin to embrace BYOD technology and flextime, business owners are looking to unified communications and collaboration to help bridge the gap between employees
7 Career Fairs Tips To Help Employers Pre-Qualify Interested Candidates
Summer is the season for job recruiters. With graduation right around the corner, there will be a fresh flock of eager 20-somethings entering the workforce full time. Ask yourself a
10 Ways To Deal With Business Debt And Achieve Financial Stability
Similar to the individual debts, business also suffers from huge business debt sometimes. The success of the business lies in the right decision where the right amount of business debt
Crucial Personality Traits Business Owners Need For Industry Success
Thousands of people want to become their own bosses. Successful business owners do not have to be answerable to anyone but themselves. However, leaving a fixed salary and starting a
Why Use Unsecure Loans To Finance Debt Relief For Business
Debt relief is a broad term used to explain the different financial strategies that can help a debtor get out of debt. Some of the debt relief strategies include debt
8 Cash Flow Management Mistakes For Entrepreneurs To Avoid
Any and every person who has been an entrepreneur or the head of a startup will tell you that it is an insanely difficult thing to pull off, especially with
How To Perform Customer Research Methods In A Modern Business
With the current economy, all business owners and companies are looking for ways to improve their sales. The main way to increase your sales is by performing the proper customer
Reduce Office Paper Waste Now To Make Business Go Green
Office environments, like most households, produce a lot of waste. From custom packaging and ink cartridges to discarded paper products, it doesn’t take long for even a small office to
6 Personality Traits Make Running A Business Much More Successful
Entrepreneurial skills allow individuals to become successful business owners. The opportunity to be your own boss and earn money while doing something that you are passionate about is a major
6 Lessons These Successful School Dropouts Can Teach You
There is an extremely high pressure put on many young people to attain a degree. Most higher-paying jobs require a minimum of 4 years of school and a proven track record in
Solve Cash Flow Problems With Effective Business Growth Strategies
Most small business owners are considered entrepreneurs. If you fall into this category, you probably would not mind making an extra $10,000-$20,000 a month with your business. Entrepreneurs use their