The end of the year is right around the corner, and every year we hear small business owners panicking about December’s rapidly approaching end, wondering what they have to do to end the year right. Not to worry – ending the year is actually pretty easy, as long as you don’t wait until the last minute to get everything done! So if you haven’t already, start thinking about…
Submitting any filings or dissolutions
Some of the most common questions we are asked revolve around the best time to form an LLC or incorporate. And while there are no ironclad answers to those questions, the beginning of the year is normally a good time to send in that paperwork. Deadlines and renewal dates are easier to remember, staying on top of your taxes is simpler, and you can even file your paperwork early and miss the beginning of the year rush if you opt for a delayed filing. Continue reading
First of all, what is a brand?
A brand is a company’s perceived “personality,” or set of values that are associated with a company, product or service. A brand may be described as being dependable, fast, exclusive, expensive, or friendly. Unfortunately, some brands earn descriptors like dated, inefficient, sloppy, and unprofessional.
In effect, a brand is the sum of all the perceptions about your product, service or company that many different people have. These perceptions are a result of the way your brand looks, feels, and communicates, as well as the customer’s experience with the product itself and the service. All of these have to work in sync for a brand to establish positive equity with all stakeholders. Continue reading
We are onto the letter P in our weekly ABCs of Small Business Industry posts, and this week we are going to look at the publishing industry! The publishing industry has had its highs and its lows over the last few years. And, with a few major publishers facing rocky business, it is too easy to assume that the industry is on its last legs. However, small publishing agencies may be entering into a bit of a renaissance, and now could be a great time for new businesses to get into the publishing industry! But how do you do that? And what proof is there that the industry is doing better?
What do you need to do to get started in the publishing industry?
Like most unregulated industries, you don’t need anything special to get started in publishing. A DBA and any local licenses and permits are, at the very least, what you need to open your doors. Continue reading
So, you have taken that big step, that giant leap into the abyss of commerce. You went and decided to start a business. You’ve incorporated, partnered or formed an LLC, got an EIN, a reseller’s license, maybe a dba, and opened a bank account.
You know in your heart that you are going to do fantastic, have fun, and make lots of $$$$! You may even have thought about how your customers are going to pay you: cash, checks, money orders, bank wires, bartering? I left something out, didn’t I? I didn’t mention credit cards. Any business in today’s cashless society has to accept credit cards. Unless you’re selling hot dogs on the corner, frankly, you won’t survive without accepting the almighty plastic. I know, it used to be the almighty dollar, times have changed. Continue reading
Ever wondered what business management skills a business owner needs to stand the test of time and run a successful operation?
Or maybe you’ve questioned your own abilities and wondered, “Are there things I should know but don’t?”
You’re not alone in that thought.
The truth of the matter is: entrepreneurs need many different business management skills, character traits, and habits to make them successful. But there are certain business management skills that seem to stand out as highly important—both in research and polls. Continue reading
Your accountant goes through a lot. Every one of their clients demands their full, undivided attention and expects a miracle. What you may not realize is that every time you walk into their office there’s a long list of things they wish you were at least aware of before you signed up with them.
Want to really impress your accountant at your next meeting? We talked to some real tax professionals to find out what you need to do. Then take this advice we gathered from CPAs to heart. Continue reading
2014 is about to wrap up, and, as is the case with the closing of each year, we can’t help but think about what the coming year will mean for small business. So we scoured the internet for predictions about 2015 and lessons learned from 2014 to create our latest infographic, “2015 Small Business Industry Predictions.”
One of the best things we found was this hopeful statistic: 58% of small business owners expect that they will experience growth in 2015. Entrepreneurs everywhere think it’s going to be a great year for business!
What are your predictions?
We’re huge fans of Small Business Saturday here at MyCorp. Along with offering our own annual promotion for newly minted entrepreneurs, we try and spread word of the event as far and wide. Past Small Business Saturdays have been wildly successful – in 2013, customers spent $5.7 billion at independent merchants during SBS. But if that isn’t enough to convince you to participate, take a look at these other awesome perks!
American Express Promotional Material
Small Business Saturday was actually created by American Express, and the credit card company continues to sponsor the shopping holiday. And so there are tons of perks from AmEx that small business owners can use! They offer free ads and signage to everyone, and if you accept American Express cards, they’ll even put your business on their map so potential customers can find you.
Premier Partner Perks
AmEx has lined up a few premier partners with their own promotions to sweeten the deal for small business owners. You can list yourself on EventBrite, get free signs from FedEx, and free ads from Yelp! Facebook is also a partner, and if you need some social marketing advice to help you promote the big day, there’s plenty of the official page.
Most communities really rally around the idea of supporting their local main street merchants. So, at the very least, your local chamber of commerce will probably plan on putting something together for to support and promote Small Business Saturday. Check in with them and see what’s on the agenda, and how you can get your business listed as a SBS participant.
Small Business Saturday is November 29th, so if you haven’t started prepping, start now! You’ll be part of a growing tradition, and reach plenty of busy shoppers. And be sure to check back here to find out what we are offering to new small business owners this Saturday!
For a limited time, you can enroll in our popular mini-course: “Do I Have a Great Business Idea?” ABSOLUTELY FREE!
The key to launching and running a successful business is to start with the right business concept. You need an idea that matches your skill and talent to customers who are ready to pay handsomely for what you have to offer. In the mini-course you use a proven 5-step formula to gauge the financial potential of your business idea. You discover insider details on ten popular ways to turn your great idea into a very profitable business enterprise. Additionally, you get 15 ways to decrease your costs and increase your business’s profits. Continue reading
If you’ve come across the term “Microloan” while searching for small business loan options, you’ve likely inferred that it is a loan with a small borrowing limit. Maybe that sounds like just what your company needs, but you most likely have questions about how this funding alternative works. Just how micro are these loans? How do they compare to traditional bank loans and other borrowing alternatives?
Here are answers to small business owners’ most frequently asked questions about microloans: Continue reading