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
When we started our Autopilot sales tax solution, TaxJar, we talked to merchants of all kinds. And one of the things we found out over and over again was that sellers were spending hour after hour on sales tax compliance. Continue reading
When your cash flow does not meet your working capital and growth requirements, you can turn to financing through factoring or asset-based lending for a solution.
Many of your customers delay payment on their invoices for 30, 60 or even 90 days – putting a strain on your business’s ability to meet its own financial obligations. Factoring and asset-based lending (ABL) are two solutions that can help you quickly replenish your cash flow. Continue reading
Fraud has become a major concern for many businesses all over the world. Scammers have made millions of dollars by simply stealing information such as credit card numbers, passwords and banking details from companies. Business and consumers engaging in online transactions are especially at risk when it comes to fraud and identity theft. It’s so important for businesses to take measures to lower their chances of falling victim to scammers. Business fraud prevention doesn’t have to be huge, scary ordeal. Continue reading
A company credit rating works in much the same way as an individual credit rating. So it provides information on how your company has handled its finances in the past with the aim of offering an insight into how it and you are likely to manage money in the future.
A company credit rating isn’t designed to be absolutely definitive or unchanging but it is important to have it in mind as an organisation of any size because its impact and relevance can be wide-reaching. Continue reading
MyCorporation has spent the last fifteen years working tirelessly to help entrepreneurs realize their dreams and start their own businesses. Our mission has always been to make the lives of small business owners just a little bit easier. And it is with that mission in mind that we are proud to announce our new partnership with Paycheck Accounting Online℠!
Since its founding in 1971, Paychex has been a proven leader in payroll outsourcing, and today Paychex helps over half-a-million businesses to easily monitor and handle payroll, benefits, and human resources.
And now MyCorporation customers can start using Paychex for only $4.99/month for the first 3 months, with the rate increasing to a mere $19/month after that. All you have to do is sign up through this page and complete your business profile, and Paychex will start helping you handle your payroll, allowing you to focus on what you do best – running your business.
We are really excited for this partnership, and know our clients will love working with Paychex.
Lead generation can be one of the most frustrating parts of having a business. Finding the key to what gets people to click on your site, or visit your storefront, is a feat not easily mastered by any business owner. To help ease that frustration, and get the ball rolling, here are six solid ways to generate leads both online and offline: Continue reading
You can’t always know it all. In fact, in some cases, it is better if you don’t know everything. Knowing too much can stop you from going after what you really want.
Recently, my business partner, Jeff, took on coaching a young girl’s soccer team. He has done a lot of coaching over the years and has won his fair share of titles, but this time it is different. This time he is faced with the challenge of coaching 12-year-old girls. This past weekend, the girls played a couple of games against a decent team and, unfortunately, they didn’t fare so well. After the game, Jeff mentioned they just didn’t seem to have the drive to go after the ball. He said at times it was almost like they were confused and he couldn’t immediately put his finger on what was going on. The girls had played well in the past, although this time they seemed to be “thinking” about playing, rather than trusting what they had learned to do so well, as part of their training. Continue reading
Every small business owner needs to make some sacrifices to start the business of their dreams. Luckily, as most entrepreneurs will tell you, the things that you give up often have a way of finding their way back to you once your business finds its groove.
From time, to money, to missing their own wedding party, these 45 small business experts let us in on what they had to give up to get where they are today. Continue reading