Experts Weigh In: Best Business Decision I Made in 2013 I’m Repeating in 2014

Best Business Decision I Made in 2013 I’m Repeating in 2014 Here at MyCorp we’re always happy to see businesses succeed and love to hear about the keys to their success, which more often than not includes making good decisions and repeating them in the days, months, and years to come for the company. As we wrap up the end of the year, today we interviewed 13 business experts to get their feedback on the best business decision they made in 2013 – and how they plan on repeating it in 2014.

1. “The best business decision I made in 2013 was joining EO (Entrepreneurs’ Organization), a global business network of about 9,500 business owners with a very personal flavor. It’s something I’ll definitely stick with for 2014. I am a partner in a 13-year-old boutique advertising agency in New Jersey, and we have reached a steady size and comfort level, but we know we can be more. EO has a unique component called the ‘Forum,’ which is a small group of 6-10 business owners from different disciplines. Forums meet monthly and grow very close, which among other things enables them to serve as a de facto board of directors. Forum members hold each other accountable for business and personal goals, provide feedback and insight, share experiences and sometimes just offer emotional support. The monthly influx of ideas and enthusiasm is invaluable, especially for an entrepreneur like myself who started a business with professional experience but without business training. In addition to the Forum experience, EO holds learning, inspirational and just outright fun events that continuously sharpen the tools I need to be a more effective leader in my company.”

- Adam Schnitzler, Chief Creative Officer, The S3 Agency

2. “Outsourcing is the best decision I’ll remake. Outsourcing web development and SEO this year freed up time to explore other investment opportunities and meet with prospective clients. I’ll continue to invest in outsourcing in 2014 as a means to be able to focus on activities that allow us to continue to grow our business efficiently.”

- Michael Lallana, CEO, Mila Venture Group 

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Experts Weigh In: Forming LLCs vs. Corporations

llcs vs corporationsOne of the first decisions every business owner needs to make is what entity to file their business as, and that choice is typically between LLCs vs. Corporations. Really the decision comes down to what fits the needs of the business owner and the business, but there is still discussion on which entity is best. Here at MyCorp, we gathered together a panel of professionals to get their expert advice on LLCs vs. Corporations and which is the best to form for your business. Which side are you on?

1. “Generally speaking, corporate status is preferable. Banks typically don’t view LLCs as favorably during the loan application process and corporations don’t pay taxes on fringe benefits. These include group-term life insurance, medical reimbursement plans, medical insurance premiums, and more.”

- John Boyd, Principal, The Boyd Company, Inc.

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3 Ways Social Media Can Help during Tax Season

In the midst of tax season, it’s easy for some aspects of your small business to take a back seat. Since it’s important not to lose focus, sometimes the best solution is to utilize the convenience of social media.

Here are three simple ways social media can help during tax season:

1) Schedule Content in Advance

Although most experts indicate that real-time posts are the most effective means of engagement via social media, there is no harm in scheduling content from time to time to stay connected to your customers. Continue reading