This week we are looking at an industry very near and dear to MyCorporation – Business Services! This is a fairly broad industry, but essentially companies in it help other businesses. That could mean filing paperwork, providing tech support, processing data… the list goes on and on. Businesses helping businesses – what could be better? If you’re considering forming your own company in the business services industry, we’re here to help you out!
Where do you start?
Since business services is such a broad category, it’s kind of hard to answer this question. At the very least you need a ‘Doing Business As‘ name, and should consider filing for an Employer Identification Number. You’ll also need to have all your permits and licenses in order. Unfortunately the ones you need really depend on what other industries you fall into. A tech support company, for example, would need different permits and licenses than a remote office administrator service.
Our blog has taken a turn for the Benefit Corporation lately, inspired by the momentum started by B Lab, the founders behind the movement, and this month we’ve created an infographic on how this fairly new entity has been taking the nation by storm. 20 states, along with Washington D.C., have passed Benefit Corporation legislature and our infographic goes in depth to discuss the growth of the B-Corp to come, a look at a few famous companies that you might not know are B-Corps, and a timeline that looks into how long it took states like California, Maryland, and Delaware to enact Benefit Corporation legislation.
The economy is, thankfully, recovering, and entrepreneurialism has played a large role in helping it along. One of the most interesting parts of this recovery, however, is the emergence of new types of industry. Businesses have found all new niches to fill, and seven industries in particular have shown substantial growth in 2013:
“What do you do?”
A loaded question. In many cases it’s easier to do the duties of the job you were hired for than explain what this position has you do all day to someone. Stating your job title is simple enough but even that can be difficult in defining what the roles within that title entail. Especially if you have a job title that isn’t easy to figure out in the first place. Account executive, digital outreach coordinator, community evangelist- with such overwrought, seemingly important sounding position names figuring out what the job at hand really is can get lost in translation. Take our 3 tips when it comes to decoding the mystery behind the question, “So, what is it you do exactly?” Continue reading
When starting a new entity, entrepreneurs often worry about if their business can take off in their home state. Can a new business be successful where they are located? The answer is YES. A niche in the marketplace can be found almost anywhere. It’s up to the entrepreneur to create a business that serves the marketplace effectively. No matter where you are, making the business tailored to the niche will create value for the customers and success for your business. Continue reading