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A common priority for business owners is attempting to reduce their tax liability during peak earning and profit-generating years. Below are a few tips that may help you minimize the tax hit:
Every year, business owner Jim Fab lends his 25 employees as much as $4,000 interest-free for personal expenses they can't afford up front, ranging from down payments on homes and cars to funeral and legal fees. Most pay him back - eventually.
The new national jobless numbers came out Friday morning with the umemployment rate falling from 9.9 percent to 9.7 percent - thank, in large part, to the 2010 Census that hired 411,000 temporary workers.
With the recession lifting, returning to normal (even if it's a new normal) will take some time. The economy is recovering, and business growth is beginning to resume.
BP has received almost 35,000 ideas in just over a month on how best to clean up the millions of gallons of oil from the biggest spill in U.S. history. So far, only four hace made it into testing.
Many people start their business with a business plan, perhaps for the purpose of getting initial funding from financial institutions or investors. But those plans are designed for lenders, not for business owners.
LAST year was a fabulous one for entrepreneurs, at least according to the Kauffman Index of Entrepreneurial Activity released last month by the Ewing Marion Kauffman Foundation. "Rather than making history for its deep recession and record unemployment," the foundation reported, "2009 might instead be remembered as the year business startups reached their highest level in 14 years - even exceeding the number of startups during the peak 1999-2000 technology boom."
After learning how to market themselves through tweets and status updates, some small companies are taking the next step: selling directly to consumers via social-networking sites.
Like every salesperson, I have a set quota I'm responsible for meeting each month. The difference is, it's self-imposed since I'm my own boss. Small-business owners might be happy to learn there is a formula to help you reach your goals consistently each month.
Last week at TechCrunch Disrupt, some of the New York City's most notable investors and entrepreneurs took the stage to talk about New York City's seed funding situation. The title of Startup Mecca still clearly belongs to Silicon Valley, but as panel moderator Erick Schonfeld notes, the number of startups making their way to the Big Apple is on the rise and dealflow in New York is quickly heating up.
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