When you first started your business, you probably thought that you’d be able to go on a long vacation whenever you would want to. Fast forward to the present and you now know better! As captain of the ship, it’s not all fun and games; there is a lot riding on you.
But just because you’re in charge of a company doesn’t mean you can’t take a break from work. Disconnecting from all the mayhem once in a while will do you good.
A vacation will help you relax and get more creative. It will also boost your productivity. And if you’re in luck, you might find the opportunity to get in touch with fellow entrepreneurs or other inspiring people. Continue reading
Waste management is one of those industries that people take for granted. A lot of cities have some sort of publicly-funded waste service, so most people don’t really think about who takes out their trash. But waste management is actually comprised of lots of small businesses, which often work together to service the needs of their city. So what does it take to get started in waste management? And is there still room in this industry for a new small business?
How do you get started in waste management?
Waste management and garbage disposal is actually so much more than the big trucks that drive through neighborhoods once a week. Anyone who offers to haul away garbage, waste, recyclables, or junk is technically a part of this industry. So really all you need is a DBA, a truck, the right licenses and insurance, and you’re ready to go. However, anyone who dumps in a landfill has to pay for the privilege, and if you manage a lot of waste, you should try negotiating a cheaper rate with your landfill – most offer a set, per-ton charge. Continue reading
Reinstatement is what you have to do to get your business out of an inactive or bad standing with the state. And this time of the year, we’re getting tons of requests and questions about reinstatements from people who let their corporation or limited liability company to lapse, but want to get things rolling again before we get too far into 2015.
Luckily, the reinstatement process is pretty straight-forward, though depending on the reason for the lapse, it can get a little pricey.
How does a company become inactive, or get put in bad standing?
There are a few different ways this can happen. But one of the most common reasons behind a bad-standing is simply the business’s owner forgetting to pay their annual fee. Continue reading
Underwriting is a vital part of the financial and insurance industries. An underwriter is effectively the person that assesses risk, and determines the suitability of potential clients looking to avail of whatever service their employer provides, be it insurance, a loan, or capital. Underwriters have the responsibility of defining the terms within which the service will be offered. And, because of this, they are in very high demand. After all, without a qualified underwriter, lenders and insurance agencies would be lost. But how do you become an underwriter? And can underwriters work independently as a small business?
What do you have to do to become an underwriter?
Normally, you at least need a bachelor’s degree in finance, or another business-related field. Underwriters also have to be meticulous, detail-oriented, and thorough. Continue reading
Welcome to the first ‘Business Basics’ of the year! We are starting 2015 off strong by looking at privately held companies. The structure of privately held business is often misunderstood. People wonder what distinguishes a privately held company from a publicly one, or believe that any business run by a non-government entity constitutes a private company. That isn’t the case, and so to clear up any confusion, we’ve answered some of the more commonly asked questions we get about private companies.
What is the difference between a privately held company, and a public one?
A privately held company is also known as a ‘closed company,’ because the ownership of the business is closed. In other words, you can’t just decide to buy a chunk of the business off of the market. Continue reading
Welcome to our weekly post on small business industry! We took a couple of weeks off for the holiday, but now we are back and ready to tackle S – Stockbrokers! The financial industry is notoriously complex, so starting your own, private brokerage firm can be a bit tough. However, with a bit of experience and all of the right qualifications, it can be done!
Are stockbrokers heavily regulated?
Yup! Independent brokers have to jump through loads of regulatory loopholes before they’re allowed to open their business. Continue reading
2015 is officially here! And business forecasters all across the internet are scrambling to their crystal balls to give their predictions as to what is, and isn’t, going to work in the new year. Of course, if you regularly follow our blog, you’d know we beat them by a good month with our infographic “2015 Small Business Industry Predictions.” But just in case you missed it, or you want a refresher as to what we think will be the best industries to start a small business in, here’s a quick rundown of what we think is going to happen.
What industries are going to do well in 2015?
Right now as we tussle between finishing up commitments of the year gone by and anticipating coming opportunities, business owners and leaders are finding themselves taking stock of where they are, where they want to be, and identifying the things they need to do to get there.
Experts are predicting that 2015 will focus on physical and fiscal health and fitness. In addition to the more popular weight loss and general fitness categories, individuals will also be focusing on debt retirement and finding new ways to stretch their income. On the corporate front, people are going to be looking hard for internal prospects and promotions; and greater numbers than ever before are planning to pursue entrepreneurial goals. Continue reading
Happy New Year! 2014 was an awesome year full of growth and renewal here at MyCorp. It was also the best year our blog has ever had! And that’s largely thanks to the slew of guest-posters and small business experts who have been kind enough to contribute. While we could spend hours going over our favorite posts of 2014, we thought our time might be better spent highlighting some of the top posts from this last year.
The Most Viewed – “3 Keys to Crafting the Perfect Logo”
As 2014 comes to a close, business owners everywhere are reflecting on the past year. What worked? What didn’t work? We asked 54 of our small business experts what really worked for them in 2014 that they plan on carrying into 2015. Here’s what they had to say:
1.“In 2014, I learned about what it means to be fully online. I decided to move to Italy, and it truly impacted the direction of my new business. Moving for love forced me to work out how I could make money without ever actually meeting any clients face to face. Within 3 months I’ve gone from f2f to purely online AND increased my rates by 200% :)” -Deepak Shukla, The CV Guy Website Continue reading