Today’s H is for the hospitality industry! The Hospitality Industry is a broad industry that covers the spectrum of hotels/motels, event planning, theme parks, various vacation methods, and, sometimes, dips into the tourism industry. Continue reading
Are you a business owner? Are you interested in using social media to market your company, but aren’t sure how? Then be sure to join Deborah Sweeney tomorrow, October 29th, at 11:00 AM PST/2:00 PM EST for a ‘Fireside Chat’ on how entrepreneurs can use social media to grow and brand their business, hosted by our good friends at Grasshopper! Deb will joined by Lauren Hogan of HomeAdvisor and Farbod Shoraka of BloomNation for the hour-long conversation, and will share the tips and tricks learned on her own road to social media success.
The chat will be hosted live on Google Hangouts, so be sure to RSVP so you don’t miss it. And don’t forget to follow #FRSDCHAT on Twitter to watch the conversation!
This morning I was asked to speak in my son, Benjamin’s, 5th grade class. It was career day and it was my true honor to speak in front of such a fabulous group of inquisitive, interested students. Their school is highly focused on what they call “Career Paths.” The students are learning about the college education experience as well as career goals and the paths people take to get there. Ben’s fantastic teacher, Mrs. Smith, really encourages them to think outside the box and is engaging in a way that makes the students truly enjoy the learning experience. Ben and his classmates are so fortunate to have such a committed and dynamic teacher. Continue reading
In our line of work, we are introduced to hundreds of small businesses on a daily basis- and we LOVE it! Each entrepreneur brings something so drastically different and special to the table. Though when we stumbled upon Campus Enterprises recently, we couldn’t help but be intrigued by their unique story.
Campus Enterprises is a company completely run by Duke University students. Though, going beyond any typical student-run business that provides “for the students, by the students,” Campus Enterprises also has a large presence in the community surrounding Duke University. They offer such services as food delivery, laundry, note-taking, screen printing, cleaning, marketing, and expansion. As their website states, they’re a “one-stop shop for your daily needs.”
We had the pleasure of interviewing Campus Enterprises about their inspiration for the business, its history, and what the students who participate, as well as the community, gain from this unique venture. Continue reading
This week we’ve chosen to cover a very important sub-sector of the construction industry, general contractors. Now we did previously cover construction companies in an ABCs of Small Business Industry post. And you may be asking yourself if there are any differences between the two – don’t worry, there are. General contracting is a very specialized industry, with its own host of regulations and policies to follow. So how do you start a general contracting firm?
First, you need to be a licensed general contractor
Contractors are licensed, typically by the state. And without that license, you can’t offer your services as a general contractor. Licensing requirements vary from state-to-state, but most states maintain a database of active licenses, which the public can search through. Most of the companies looking for a general contractor will also want to see some sort of college training. Continue reading
In this week’s ABCs of Small Business Industry piece, we’re taking a little look at the farming industry! Since the beginning of time, farming has been a staple in just about every community. Though some of the technology to help the process along has changed drastically, the consistent need for farming has not altered much throughout the years.
If you’ve ever thought about becoming a farmer, this is the post for you! Continue reading
This week we are looking at reasonable compensation, a legal necessity for anyone running a Corporation. Reasonable compensation is connected to one of the most fundamental parts of working for a company – getting paid – and yet it’s so widely misunderstood. When you form an Corporation, you create a separate, legal entity that ‘earns’ money. You then pull your wage from those earnings and pay whatever payroll taxes you owe.
In order to close a loophole wherein those running the corporation could ask for an extremely low salary, pay next to no payroll taxes, and then close the wage gap with distributions, the IRS requires that all corporate officers and executive be paid ‘reasonable compensation.’ But what constitutes reasonable compensation is a little more murky.
Who needs to be concerned with reasonable compensation?
Anyone that is runs, or helps run, a C-Corporation or S-Corporation must be reasonably compensated for their work. Continue reading
When you think of Halloween, you typically think about pumpkins, costumes, cotton cob webs, parties, and the mass amounts of candy being consumed. Though there’s another side to Halloween we often don’t think about: the numbers behind the whole operation! Have you ever wondered just what the percentage of Halloween celebrators visit haunted houses each year? Or how about just how much money is spent on candy in honor of the holiday?
In “Spooktacular Business Stats: Halloween by the Numbers” we break down Halloween by the statistics that make this holiday what it is! Continue reading
The cotton cobwebs are popping out, you can buy just about anything in a pumpkin flavor, and “Creative Costume Ideas” is the number one Google search these days. That’s right, Halloween is in the air. MyCorporation likes to celebrate by dressing up and having a spooky-themed pot-luck for lunch (complete with Mummy Pizza and a bubbling Witch’s Punch).
We asked some of our small business experts how their businesses were celebrating the holiday and this is what they had to say!: Continue reading
When you think of small business, you probably don’t think of environmental industries. Environmental protection, monitoring, and compliance all seem covered by the government. After all, they have an agency dedicated solely to the protection of the environment. However, the general movement towards environmental consciousness has created a demand for service, tech, and consulting businesses in the environmental industry. But what does it take to get started in this new industry? And is it healthy enough to support new businesses?
How do you start a business in the environmental industry?