6 Tips That Will Help You Come Up With a Great Business Budget

income taxAs an entrepreneur starting out in business, you might know a lot of things about how to penetrate your market, but you can’t know everything. One of the areas that most start up business people find themselves lacking is in bookkeeping.

Budgeting is an aspect of bookkeeping that most people think comes naturally, but it doesn’t. Even though you are very good at maintaining a healthy personal budget, when it comes to a business, the principles change.

With a little training, though, you can learn tips that will get you started in creating a good business budget. Continue reading

8 Effective Tools for Powerful Social Media

Social media signsAs of last year, 72% of all internet users are now active on social media. Though, if you’re taking full advantage of each and every social platform you can get your hands on, , it can become difficult to monitor and stay on top of your entire social presence.

If you’re feeling overwhelmed keeping all of your social channels up-to-date, these 8 social tools may be able to help you out:  Continue reading

6 Surprising Secrets to Startup Success

Idea_Thinking_Woman2Let’s imagine you’re finally getting off that couch and building that company you’ve always dreamed of. One that sells non-embarrassing gym clothing to people who desperately need the gym. (Like me. Probably you too.) You’ve been smart about this and wasted no time in setting up a great looking DIY website. You have a couple of co-founders who share your passion for gym wear (and loathing for exercise). You even have a small seed fund that helps you get the basics in place – a small office, suppliers, a few employees, the works.

So you’re all set to beat the Lululemons of the world?

Maybe not. Because, as every entrepreneur knows, a successful startup is not about getting all the pieces of a puzzle together. It’s about getting all those disparate pieces to work together in a creative yet efficient manner. Continue reading

7 Things Your Startup’s Brand Needs

Group of business associates looking and pointing at a chart put up on the wallWhen starting a company, it’s natural to want to shout your message from the rooftops. You not only want to spread the word about your new endeavor to family and friends, but it’s important to get noticed in order for your business to grow. According to Forbes, approximately 543,000 new businesses start each month. The struggle to stand out in this clutter can seem helpless, but there are several things you can do to maximize your potential.

Standing out and being well represented amongst the competition requires you to create a strong brand, something that resonates with your potential customer and gives you increased visibility. The following tips will help you understand all that your brand is made up of, and how to use it to maximize your business startup efforts.  Continue reading

10 Beliefs That Could Be Standing Between You and Success

shutterstock_107632895Succeeding in any area of your life is dependent on your beliefs, which can either be positive or negative. Positive beliefs are good as they reinforce a sense of self-worth and will ultimately help you build the confidence that you need to be successful.

Negative beliefs on the other hand hamper progress and should not be entertained. Below are some negative beliefs that you should root out if you want to experience growth and success: Continue reading

Why a Tax Lien Will Harm Your Chances of Finding Funding

Stick_Out_Tounge_at_PhoneHave you ever wondered what happens if you don’t pay your business taxes in full (and on time)? For starters, you will receive a Demand for Payment notice from the IRS. After receiving this, you have 10 days to either pay the tax debt in full (that includes any fees you’ve incurred), or make arrangements to pay it over time. Continue reading

How to Handle Your IRS Tax Liability In Three Easy Steps

gavel and hammerAs Benjamin Franklin once said, ‘In this world, nothing can be said to be certain, except death and taxes’. He was definitely right, as anyone who fails to pay his dues or pays less than what he is supposed to pay to the Internal Revenue Service (IRS) can face some serious consequences. The IRS is known to charge such individuals with not only penalties but also the back taxes along with interest. The letters that are often sent by the IRS are often confusing and downright scary, especially if you do not understand them. Avoiding your taxes or filing them incorrectly can end up to be a very expensive and stressful situation for you. There are ways to fix the situation without too much expense or headaches. Continue reading

Debunking the Myth of the Young Successful Entrepreneur

customerIt is always hard to dispute cold facts, especially when all odds are stacked against you. In business, this is even more pertinent because you are investing your hard earned money and you need to leverage numbers to evaluate your rate of success.

The Glaring Numbers

If you are a budding entrepreneur, the issue of age is one you can’t ignore. Take for instance some contemporary billionaires; Facebook’s Mark Zuckerberg started off at only 18 years, Google’s Larry Page and Sergey Brin were 23 years and Bill Gates was only 20 years when he set out to revolutionizing the computing world. Continue reading

How to Become a Successful Real Estate Broker using Social Media

shutterstock_95135899_smBeginning your own real estate business can seem daunting, but with social media at your fingertips, the task can become overwhelmingly simple and much different than the traditional real estate market. Many of the social media trends for business include making everyone knowledgeable about what you have to offer. Everything is at the fingertips of the consumer; as a successful realtor, you simply have to put it there. Continue reading

6 Things I wish I’d Known Before Starting my own Business

Couple standing in front of organic food store smilingStarting your own business is hard. I knew that going in, but I didn’t know just how tough the first few months were going to be. The initial setting-up jobs – the phones, the internet, the space (my living room) were simple enough, but it was when the actual work started that things began to unravel. With hindsight, there were things I wish I’d known before I started which may have helped the business settle down and begin to succeed more quickly.

I wish I’d known… Continue reading