As an entrepreneur starting out in business, you might know a lot of things about how to penetrate your market, but you can’t know everything. One of the areas that most start up business people find themselves lacking is in bookkeeping.
Budgeting is an aspect of bookkeeping that most people think comes naturally, but it doesn’t. Even though you are very good at maintaining a healthy personal budget, when it comes to a business, the principles change.
With a little training, though, you can learn tips that will get you started in creating a good business budget. Continue reading
If you have ever watched the TV show, Shark Tank, you know just how aloof business evaluations can be. The mere fact that a valuation can be negotiated shows just how much subjectivity business evaluations hold. But regardless of how you come up with the number, the valuation of your business is vital. The value of your business can help you determine your company’s financial and competitive standing. For larger public corporations, a valuation is typically created through the stock price. What about private corporations? There are three easy ways to find the value of your business regardless of size.
As of last year, 72% of all internet users are now active on social media. Though, if you’re taking full advantage of each and every social platform you can get your hands on, , it can become difficult to monitor and stay on top of your entire social presence.
If you’re feeling overwhelmed keeping all of your social channels up-to-date, these 8 social tools may be able to help you out: Continue reading
Let’s imagine you’re finally getting off that couch and building that company you’ve always dreamed of. One that sells non-embarrassing gym clothing to people who desperately need the gym. (Like me. Probably you too.) You’ve been smart about this and wasted no time in setting up a great looking DIY website. You have a couple of co-founders who share your passion for gym wear (and loathing for exercise). You even have a small seed fund that helps you get the basics in place – a small office, suppliers, a few employees, the works.
So you’re all set to beat the Lululemons of the world?
Maybe not. Because, as every entrepreneur knows, a successful startup is not about getting all the pieces of a puzzle together. It’s about getting all those disparate pieces to work together in a creative yet efficient manner. Continue reading
When starting a company, it’s natural to want to shout your message from the rooftops. You not only want to spread the word about your new endeavor to family and friends, but it’s important to get noticed in order for your business to grow. According to Forbes, approximately 543,000 new businesses start each month. The struggle to stand out in this clutter can seem helpless, but there are several things you can do to maximize your potential.
Standing out and being well represented amongst the competition requires you to create a strong brand, something that resonates with your potential customer and gives you increased visibility. The following tips will help you understand all that your brand is made up of, and how to use it to maximize your business startup efforts. Continue reading
It’s no surprise that over 60 percent of all searches are now happening on mobile devices. To keep up with the times, Google has recently made changes to its search algorithm causing sites with mobile friendly experiences to be ranked higher when searched. MyCorporation recently debuted our new site to comply with the Google’s announcement and to create a more user-friendly experience. We asked our small business experts what their thoughts are on Google’s algorithm change, and how they’ve been adjusting… Continue reading
Succeeding in any area of your life is dependent on your beliefs, which can either be positive or negative. Positive beliefs are good as they reinforce a sense of self-worth and will ultimately help you build the confidence that you need to be successful.
Negative beliefs on the other hand hamper progress and should not be entertained. Below are some negative beliefs that you should root out if you want to experience growth and success: Continue reading
Have you ever wondered what happens if you don’t pay your business taxes in full (and on time)? For starters, you will receive a Demand for Payment notice from the IRS. After receiving this, you have 10 days to either pay the tax debt in full (that includes any fees you’ve incurred), or make arrangements to pay it over time. Continue reading
Do you ever sit at your table in a restaurant and think about how your food got there? You probably wonder where the food came from and how it was prepared. As consumers, we love to know what are products have gone through to get to the final stages. Have you wondered what happens after you submit an order with MyCorporation? There are four key steps that occur to turn a phone call into a full legal filling. Continue reading
It 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