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

MyCorp FAQs: How can I keep track of all my documents?

publishing industryBecoming a small business owner involves a lot of paperwork. And even when you’ve gotten through the paperwork to start your business, it doesn’t ever let up. Yes, the life of an entrepreneur is forever plagued by paperwork. That being the case, it can be pretty easy to become disorganized with all those papers. Customers often misplace copies of their documents and need to re order corporate records, costing them time and money.  Continue reading

Experts Weigh In: How do you handle payroll?

Idea_Thinking_Woman2Payroll can be tricky for small business owners. It’s a lot to learn if you want to tackle payroll on your own, and it can be costly to hire on a new employee or use an outside service. We asked our small business experts how they handle their payroll:

“We are a small organization with anywhere from 4 to 6 employees. In spite of the higher overhead, we use Paychex because of the ease of use and because of the clarity they provide while filing taxes.” –Denise Castronovo, Castronovo Chocolate  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

MyCorp FAQs: How do I start collecting payroll taxes?

The IRS, nearly every state tax agency, and even some cities require employers to withhold a certain amount from their employee’s paychecks to cover income tax, social security, and medicare obligations. payroll taxesThese are payroll taxes, and it’s your responsibility, as a small business owner, to collect and send them in. The amount varies from state to state, and in some cases city to city, but there are three main steps to collection.

Calculate
Everyone you hire fills out a W-4, which gives you some basic information like family size and other deductions. Continue reading

4 Healthcare Considerations for Start Up Entrepreneurs

5 Ways Candy Hearts Can Help Show Love for Your Customers on TwitterStarting a new business can be extremely exciting and extremely terrifying at the same time. You have a great idea and are free and independent to conquer the marketplace, but every aspect of running a business rests on your shoulders.

After the mountain of preparation, state and tax filings, presentations and planning, many do not think about their healthcare finances until it’s too late. Continue reading

Four Benefits of Energy Project Finance for Business

Environmental IndustryEnergy Project Finance makes sound business and ecological sense. Any organization that strives to bring down non-renewable energy costs should seriously consider it.

Businesses Can Achieve the Following Benefits through Energy Project Finance

One of the biggest challenges of implementing a green energy project is the financial feasibility. It is no secret that all businesses compete with each other (energy sources notwithstanding) and calculate profits on the basis of returns earned on investments made. That is the ultimate litmus test.  Passing this litmus test results in the following tangible benefits: Continue reading

MyCorp FAQs: Can you recommend a good business school?

TarkentonSchoolBadgeSometimes entrepreneurs come to us and say, “I have an idea for a business, I just want to gain a better understanding of running a business before I dive in. Is there an educational institute you can recommend?” While every small business owner opens their first business at different times in life and with varying amounts of education under their belt, there is one particular business school that’s caught our eye.  Continue reading

5 Ways to Declutter Your Business

Waste ManagementEvery home needs a spring cleaning and a business is no different. The constant influx of paraphernalia that accompanies any business can grow into an oppressive mountain of the unused and unwanted. There are other larger issues that might also be bloating your business, such as staff that you may be keeping on for sentimental reasons. A cull can be painful, but your business and mental state will benefit in the long run. Continue reading