Posts Tagged ‘owner’

Incorporate Business Online Has Never Been Easier

Friday, April 8th, 2011

There are many benefits to incorporate business online, regardless of the size of your business. New business owners no longer need to suffer their way through the maze we call government agencies. Starting a business with the services of incorporating business online specialists is easy and cost effective! Some of the advantages of forming a corporation or Limited Liability Company (LLC) include:

Protection of personal assets – Both LLC’s and corporations permit owners to separate and protect their personal assets from business liabilities and lawsuits. In a properly structured business entity, owners should have limited liability for business obligations and debts.

Credibility – A business can get instant credibility just by having “Inc” or “LLC” after their business name. Vendors, suppliers and consumers often prefer to do business with what they believe are serious and reputable entities.

Protection of Business name – In many states, other businesses may not file your exact LLC or corporate name in the same state. An additional protection would be to file a fictitious name registration.

Income tax flexibility – Although profit and loss typically pass through an LLC and get reported on Schedule C of the owners tax return, an LLC can also elect to be taxed as a corporation. Similarly, a corporation can elect to be a Subchapter S corporation an thus avoid double taxation on corporate profits and dividend distributions.

Expenses deductible – Both LLC’s and corporations may deduct ordinary business expenses before income is allocated and taxed to the owners.

To get the most out of your small business, choose the right structure. Selecting the right type of company for your new business helps maximize your chances of financial and operational success. Common business structures include:

C Corporations

• Independent legal and tax structures separate from their owners

• Help separate your personal assets from your business debts

• No limit to the number of shareholders

• Taxed on corporate profits and shareholder dividends

• Must hold annual meetings and record meeting minutes

Limited Liability Companies (LLCs)

• Independent legal structures separate from their owners

• Help separate your personal assets from your business debts

• Taxed similarly to a sole proprietorship (if one owner) or a partnership (if multiple owners)

• No limit to the number of owners

• Not required to hold annual meetings or record minutes

• Governed by operating agreements

S Corporations

• Independent legal and tax structures separate from their owners

• Help separate your personal assets from your business debts

• Owners report their share of profit and loss in the company on their personal tax returns

• Limits on number of shareholders, who must be U.S. citizens or residents

• Must hold annual meetings and record meeting minutes

Forming a company properly, whether it is a corporation or an LLC, is a complex process which requires the help of an expert. There are many quality companies whereby the process to incorporate business online is made simple, worry free and will meet all requirements of the State and Federal agencies.

Click Here for our highest recommended Incorporate Business Online resource! Forming a corporation or an LLC has never been easier!

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Successful Small Business Owner Personality Traits

Saturday, March 26th, 2011

As an owner of a small business you are the key person for your success. It is important to understand traits both personal and business that an owner must have to succeed. And, if some traits are missing, learn how to fill the void. The below lists should help.

Personal Traits

Passion for the business
Appetite for risk
Focused
Self Driven
Motivated
Decision Maker
Leader
Innovative
Work oriented
Time sensitive
Organized
Ethical
Caring

Business Traits

Management skills
Organizational skills
Basic finance
Competitive
Educated
Emotional stamina
Physical stamina
Basic Marketing
Decision maker
Rounded
Leader

It’s important to fully understand your personality and business traits. Only by knowing where the limitations exist can they be filled. The place to start is defining your personality through some tests and a good place to go is www.humanmetrics.com. Or go to the internet and type in free personality test to obtain more options. Have fun but the goal is to identify voids, what lacks and needs filled to be a rounded leader.

No one can have everything needed to run a successful small business. No one has all the traits listed above but through organizations, the owner can find the help. The partial list below will get you started. Build a network of people to fill your voids and get educated.

Join trade organizations and network
Hire experts when needed
Get a mentor from SCORE
Go to chamber lunches and events
Get involved in your community to network
Poll your friends for specific business needs
Network, network, network

It is the responsibility of the small business owner to recognize their shortcomings and fill them.

Judy Haar has counseled hundreds of small businesses, both startup and existing, over the past 10 years. Her expertise is branding, marketing and small business practices. Visit her website at http://www.businessventurecenter.com.

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Local Business New Marketing Format

Saturday, March 26th, 2011

For years, local business owners have struggled with online marketing in their attempts to connect with local customers looking for their services.

The term local businesses are predominately small business, known as “Mom-n-Pop” businesses. Both “Mom” and “Pop” often wear many hats running their businesses. As such, the daunting task of learning how to market online and then mastering what they learn has evaded them for the most part.

Small, local businesses are the backbone of every community and most don’t have the staffing needed to do their marketing for them. Some owners have hunkered down, so to speak, and learned internet marketing but those are far and few between.

The good news is that now local business owners can “have their cake and eat it too” because the new Google Place Page gives them a local online presence and doesn’t require internet marketing skills to set up.

Any type of local business qualifies for a Google’s new mini-website format and Business Listing to boot. From restaurants to retailers, from service providers to medical and legal professionals, any type of business whose customers are in their local area can get a Place Page.

Each Place Page can be customized with pictures, photos, images, logos, certifications and even YouTube videos to create a unique look and feel for each business. Many details can be added such as business name, location, phone, website, email, hours of operation, types of products and services provided, types of payments accepted, directions, a map, a special invitation from the owner, discounts or coupons and a full description of all the services provided.

Many business owners across the country are already enjoying the benefits of making a good strong positive impression in their local community with their very own site from Google. Not overly difficult for the “do-it-yourself” business owner, Place Pages put a new face on your business.

The key to setting up your site is to be organized before you begin. You’ll want to develop your Business Profile and then build your Place Page site with the details from the profile. If you just go in and start adding information without an organized plan, your site runs the risk of looking haphazard.

Having your own Place Page from Google is a huge boost for any local business because it gives you the opportunity to give your customers all the information they need to know about your business in one place.

Garrett Christianson helps businesses of all kinds develop their unique business story, commonly called a brand.

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Small Business and Web Sites

Thursday, March 10th, 2011

In the United States there are a good amount of small businesses. Most of us Americans refer to these as Mom and Pop shops. I am going to discuss how, why, and approximately how much it is to set up your small businesses with a web presence using a web site on the Internet. As a small business owner myself and an IT professional, I know first hand how important advertising is. Most small business have money budgeted for advertising. Some more than others. But one thing that small business owners overlook is the power of a lot of low cost or free advertising on the Internet.

A web site for your small business is a must, along with signing up for Google places. Signing up on Yahoo as well is a good idea. Today most of us use and have access to the Internet at home or via our smart phones. When we need something we pop open Google and search for it. For example, you need a virus removed from your laptop. You go to Google and do a search for computer repair or virus removal in your area. The search engine results are shown, and then you start making some calls from the list of businesses that are relevant.

This is a powerful way for you to receive calls to your business, and the cost is very minimal. It’s usually around $2000 to get a good website set up for you, it’s $12 a year for the domain name, and then hosting is around $60.00 per year. If you add all that up and then divide by 5 years, your total cost of advertising with your web site is $39 a month. You can’t touch that price per month for advertising with any other advertiser for 24/hr per day advertising and showing up on the worlds number one search engine.

Now just getting your web site set up isn’t the last stop. You’ll have to Search Engine Optimize (SEO for short) your site, otherwise your search engine results won’t get you the business you desire. The explanation is when you first set up your web site, it first has to be submitted to Google for indexing. After indexed, you have to use strategic methods to raise your search ranking for certain keywords. Otherwise, you will never reach the first page of results for the keyword your targeting. I suggest hiring a SEO company to do this for you. In most cases, they can do it for you in 3 months for fees ranging from $750-$1000.

If you add that fee in with the previous fees, your total cost of advertising for your website would be?$56?a month for a five year period. Obviously I’m on?using 5 years as a baseline, if you factor in?a longer period of time,?your cost will go down. It is very small price to pay to have a good chance to increase your monthly sales when done properly. With the new age of technology, and the way we use the Internet to find products and services on the Internet, it would be in your best interest to use this tool to your businesses advantage.

IT Professional and Owner of TCN in Kenosha, WI

Kenosha Computer Repair

Don’t call a Geek, call the Nerdz for your computer repair and technology needs. What you need, when you need I.T.

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What is a Microsoft Small Business Server?

Saturday, March 5th, 2011

Larger companies have many servers that have different technical roles. For the sake of an example let’s pretend “some big company” has larger companies such as fortune 500 or fortune 100 companies have many servers that do different things. Examples are:

Multiple Domain controllers / file sharing role Multiple SQL / databases Multiple Exchange servers And so forth…

Let’s pretend that this organization has 50 servers and each one has its own role to do something specific for the computer network. In theory this would mean that this company has 50 separate physical nodes setup in a computer room to control the computers for this company. In today’s world this would be consolidated using computer virtualization but that is getting off topic so I’m not going to get into that in this article and will discuss virtualization in another article later on.

Now let’s pretend you are a small business owner and you need to share files, share a database and share calendars or whatever other roles you may want or need.

This means you would have 3 physical servers and 3 different server operating systems.

Now with a Microsoft Small Business Server Operating System you get 1 computer server that has multiple roles built into 1 nice neat package. So you can have that file server and that database server and an exchange server all combined into 1 neat little package. This saves the small business owner money.

Microsoft states the SBS – small business server will support up to 75 computer users / workstation computers. In theory it will but in the real world if you have 75 computers connected to a SBS server you can expect very poor performance.

From my experience I will say that Microsoft SBS servers are pretty cool IF they are properly configured with the right hardware and software. I have seen many small businesses have an SBS server that were NEVER configured correctly or are just being used as a simple file server. In such a case the SBS server isn’t necessary and is a waste of money for the business owner.

So without getting into technical details this concludes what a Microsoft Small Business Server does.

If you are thinking about purchasing a new server for your business get to know a computer consultant and find out if a Small Business Server will benefit your organization.

Thank you for reading my article and I hope it helps you have a better understanding of what a Microsoft SBS – AKA Small Business Server is.

Chris Ondo – Central Florida Computer Engineering
CFCEcorp.com- blog.cfcecorp.com

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Marketing Advices for Small Business

Wednesday, March 2nd, 2011

A good marketing strategy is a key to a successful business. There is huge variety of different elements of marketing. People can choose from the simplest to very long term strategies, from few hundred dollars to millions. There is huge different between small business owner and giant companies owners. Usually giant companies have marketing specialists or they hire Marketing Company and there isn’t big purpose to owner understand business marketing subtlety. In contrast to giant companies small business owners can’t spend big amounts of money for marketing services. This is why they have to understand a little bit more. This article produced mainly for the last ones.

1. Business Cards

This is my favorite marketing element. I like it because cards are small and I can take them everywhere where I go, cheap. To make it more cheaply you can print and design by yourself. There are few rules which have to be followed. To find out more about business cards, you can read my older articles.

2. Social Network

I recommend to use Facebook, Twitter. These elements can help to spread information about you and your business. You can always update information, organize lottery and other activities. If you use one or both of these elements, then add them in your card.

3. Be where you clients are

It means that you have to make some homework. Think a little bit about your business, what services or goods do you offer. Then analyze when and where people need your services. This is important because then you can always be together with your potential clients and use your advertisements more effective.

4. T-shirts, Caps, Stickers

These things have strong link with third advice. T-shirts, Caps and Flags can help when you go where your clients go. Using well designed T-shirts can attract people attention. Then they will be interested in your business and even ask for your business card. Make few stickers for your car and put on the back, doors. Also you can put on your wife car.

5. Flyers

Design simple, readable flyer and print it. Don’t forget to add your phone number, email, website URL, services description, logo. Put these flyers on stores advertisements boards.

6. Reliable name

Business owner forget that good relationships with costumer is one of marketing elements. Always be honest, polite, try to solve all problems. When clients feel satisfied about your services they will come back and even bring friends.

Having good marketing strategy means way to successful business. And remember Golden Rule. Always test what you are doing. Then you can compare results and choose the best choice.

Author is cheap office chairs supplier. He has huge experience using business cards and understand their impact to his company. That’s why he presents business cards templates free website.

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Business Consultancy Services 4 Secret Tips To Turbo Charge New Business Growth

Thursday, October 14th, 2010

In recession not many business management consultancy representatives discuss business growth consulting. However it is the proactive business owners seeking new business growth that are grabbing opportunities missed by others to turbo charge their growth in business.

Business development consultancy and business consultancy services linked to a business growth plan are a valuable asset to a growth business.

Business growth services are booming. Small business consultancy should always wherever possible be structured around achieving new business growth from as many free business growth services as possible.

Your business consultancy services agency should factor in issues like free online and offline marketing strategies into your business growth plan.

The very best and most profitable growth in business is achieved when a proven business management consultancy expert minimises your sales and marketing spend and maximises your bottom line profit margin.

By partnering with a business development consultancy agency a growth business should be transformed into a long term sustainable profitable concern. If you appoint the right business growth consulting individual or agency then you will often be presented with a partner that provides far more value than actual cost.

In times of economic hardship many business owners are finding it hard to contemplate never mind achieve new business growth. One of the first things that any business in trouble has to achieve is to get itself out of trouble.

Be wary of any business consultancy services agency that advocates spending your way out of trouble as this is often a recipe for disaster.

All growth in business should be carefully planned and should form the backbone of your business growth plan. This business growth plan should only be finalised after your business development consultancy representative has identified tips to ensure the long term sustainable growth mentioned previously.

If yours is a small business, then you are better seeking out the business growth services of a small business consultancy agency or individual business consultant. One of the very best, but least utilised business management consultancy secret tips is that of advertising from self promotion.

Think about the likes of Donald Trump, Richard Branson, Katie Price Jordan and you will see masters of the art of self promotion. Self promotion has many up-sides, not least that it is usually achieved free of charge. Any competent business growth consulting agency should be aware of the benefits of free self promotion advertising for a growth business.

Business Consultancy Services 4 Secret Tips To Turbo Charge New Business Growth # 1 Free Self Promotion

Don’t make the mistake of thinking that only A-List celebrities can achieve free self promotion advertising as there are strategies which can be implemented by even the smallest small business consultancy agency.

Before you rush out on your self promotion tour it is wise to understand a few useful pointers. The most successful self promoters have two recognisable characteristics.

1: You Are Who You Associate With.

Ever heard the phrase, guilty by association? If so, then you know that super successful business people don’t associate with losers or negative business associates. You need to align yourself with business associates who are proactive and decisive decision makers.

Plan every day around meeting someone of influence who can make or introduce a positive difference to your growth in business. To achieve new business growth it is worth sitting down with your business development consultancy representative to identify who you can meet who can help you achieve your business goals and succeed with your business growth plan.

During your business management consultancy session try and ascertain if this person of influence is a business associate with high level contacts or a small business consultancy prospective client or customer.

Never choose the easy route of meeting with business people who are the easiest to access because they are often not the right people to assist you achieve a growth business. Think out of the box and reach out to business people who will help you fulfil your business goals.

2. Demeanour And Style

Ensure you always portray a positive and memorable first impression with every business associate you meet with. Everyone you meet for the first time will take just 1 to 4 seconds to form a vivid and lasting first impression of you. You only get one chance to make a positive first impression so don’t blow it.

Business Consultancy Services 4 Secret Tips To Turbo Charge New Business Growth # 2 Free Offline Advertising

Every regional newspaper and magazine is screaming out for local interest news features and every business receiving business development consultancy support should capitalise on this free offline advertising medium.

Frequently business owners and directors make the mistake of approaching these publications to run a press release about how great their business is. The highest percentage of these press releases are pre-programmed for failure.

However if you link your business success story to something of local interest then the publication is much more likely to feature your story. If it does then it will ultimately support your business growth plan.

Small business consultancy agencies are particularly adept at achieving success with regional publications.

Business Consultancy Services 4 Secret Tips To Turbo Charge New Business Growth # 3 Free Online Advertising

There is currently no better way to achieve a cost effective growth in business than by capitalising on free online advertising.

Whenever your business management consultancy representative mentions you should pay for online sponsored advertising or pay per click as it’s known. Ask him/her about getting free online advertising by writing articles about your business and submitting them to all the major online search engines.

This form of free online marketing is called natural or organic search engine optimisation. Business growth consulting should be able to demonstrate to you how having a first page natural Google ranking can assist your business growth services.

Business Consultancy Services 4 Secret Tips To Turbo Charge New Business Growth # 4 Free Business Support

No UK business owner can deny we are in the midst of the longest recorded recession in business history.

Many business owners are suffering from this economic downturn including several business development consultancy and small business consultancy agencies who are also looking for theirs to become a a growth business.

Many business management consultancy directors are receptive to a discussion about engaging them at a reduced rate which is balanced out by a potential profit share based on the success of the growth in business.

In some cases your business growth plan may be exciting enough to tempt a business consultant to provide free business support for a share of your future profits attributable to their business growth consulting and business growth services.

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Why New Business Owners Rely On the Experience and Expertise of Website Developers

Thursday, October 7th, 2010

One of the first things most people do when they start up a new business is have a website developed. Whether you’re a business that provides information to online visitors or you sell products or services, having a website can make the difference between an average business and a highly productive and successful business.

There is a lot involved in developing a website. Firstly, the owner of the new company must decide what is to feature on the website, how it should be presented and how they want to portray their message to the online visitors. Quite often the owner will accumulate some images and create their own content. After all, it’s the owner who knows the most about want they want from their website.

One of the first things the web company will do is establish from the owner how much they’re willing to spend. This will obviously determine just how good the end product is. There is so much functionality that a website can have, so it’s a matter of the website owner deciding what they need and what they don’t need.

Once the website developers are informed of the objectives of the site they can begin to work on the functionality of it. This includes things like shopping carts, booking forms, newsletter functionality and blog integration.

Most people will need to have the power to make changes to their website, whether it is to update content, pricing and/or images. A Content Management System (CMS) will enable you to do this yourself, which means saving costs in development time in the future. Website developers mostly run one type of CMS and they’ll provide you with basic training on how to use it to your advantage.

If you are selling products online then it is very likely that you’ll require a shopping cart facility. This enables online visitors to select products and purchase online. This can be one of the more expensive features of a website, but it does allow your users to complete their shopping in a few simple steps. If you are only likely to sell small amounts of products, then you might just consider having a “contact us” page where people can find your details and call you to place an order.

There are a lot of other aspects of a website that need to be taken care of. To find out what else is involved simply jump online, type in “website developers” and you’ll find a huge number of options to choose from.

Limelight Online Ltd – We understand the importance of creating websites that not only look great but are appealing to visitors.
With our website developers expertise we work with you to ensure that your website will differentiate you from your competitors by offering visitors a better online experience. You will also experience our powerful, easy to use Content Management System.
The search engine marketing team at Limelight Online are experts in their field and are dedicated to ensuring that your website reaches top of first page search engine rankings. All in all, we offer a full range of online experiences. We look forward to talking with you. http://www.limelightonline.co.nz/

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Business Tax Preparation – When Does a New Business Have to Start Filing Income Tax Returns?

Wednesday, September 22nd, 2010

Here’s an important business tax preparation question: If you have recently started a business, when are you required to begin filing income tax returns? Let’s answer this question by considering a typical example.

Let’s say you and your two business partners form an LLC in November 2010. You don’t make any money during the last two months of the year, as you are just laying the foundations, assembling your team of advisors (accountant, attorney, insurance, etc) and doing other preliminary activities. And you don’t really have any expenses yet.

You do apply for and receive a federal tax identification number (EIN) from the IRS, and you also get a tax ID from your state.

Do you have to file an income tax return for this first year, even though the business was only in existence for the last two months of the year and had no income or expenses?

The answer is “Yes.”

Here’s why. Since you have an IRS-issued federal tax ID, you are in their system and the IRS will be expecting you to file an income tax return for 2010. Since there are three owners (members), by default the LLC would be taxed as a partnership, so the business should file Form 1065 by April 15, 2011, or file an extension on Form 7004. If the LLC files the extension, then the LLC has until Sept 15, 2011 to file Form 1065.

An LLC can also be taxed as a corporation (either a regular corporation or an S Corporation), provided the proper paperwork is filed with the IRS. If that’s the case, then the LLC should file Form 1120 or Form 1120S by March 15, 2011, or file an extension on Form 7004, giving the LLC until September 15, 2011 to file the 1120 or 1120S. (Form 1120 is for regular corporations; Form 1120S is for S Corporations.)

Bottom line: even a business with no income and no expense should prepare and file a return — just put zeros on every line. Otherwise, the business could be subject to the late filing penalties, which can add up fast. Returns with no tax are still subject to a late filing penalty of $89 per owner for each month (or part of a month) that a return is filed late. So in the scenario above, a three-member LLC would be fined $267 ($89 x 3) for each month that the return is late, up to a maximum of 12 months.

To be safe, always prepare and file a tax return for any year that the business is in existence, whether or not there was any activity. Otherwise, you could end up paying hundreds or even thousands of dollars in late filing penalties.

For more tax preparation tips, visit http://www.FortWayneTaxPreparationServices.com for a free Special Report, “How to Save Hours of Time and Thousands of Dollars with One Simple Tax Deduction” and to receive $370 worth of free tax consulting services. Wayne Davies is the Internet’s Top Tax Preparer and owner of Fort Wayne Tax Preparation Services.

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Start Your New Business On A Virtuous Cycle With Promotional Giveaways Under $1

Thursday, September 2nd, 2010

There are a ton of small businesses across the country that are trying to get the word out about their brand. Either they are relatively new companies that are just starting to break into their industry, or existing business that are strapped for capital. In both these cases, promotional products could greatly benefit the growth of the business. Yet, these companies have a very low budget to spend on these items. If you own a business and fall into one of these two categories, then this article is for you.

The real solution here is to find promotional items that have a very low cost, yet still a strong enough advertising value to resonate within the demographic that you are trying to appeal to. Enter promotional giveaways under $1. There are a ton of items that any business owner can choose from in this category designed to give small businesses a chance to grow. You will be able to invest in some of these items, and impress your potential customers and clients at trade shows and promotional events without having to break the bank to do it.

Once you build up some business, then you can consider purchasing some higher quality promotional items in order to repeat a virtuous cycle that will allow you business to continue to develop. Let’s consider a few categories of under a dollar promotional products to see how they can help you achieve your goals.

To start, one of the most popular and successful categories of cheap items exists in promotional pens under $1. The small business owner will easily be able to find writing utensils that exists for as low as 11 or 12 cents, so you can maximize the quantity based on your limited budget. These cheap writing instruments are so fantastic because of their universal demand. You only need two functions in a promotional pen: the ability for it to write, and your imprinted logo to appear. Everything else is gravy when it comes to pens and pencils, and people will appreciate these all the same.

These pens will be carried along in the purse or pocket of the recipient, and will be taken out for use in the public where an exponential amount of new potential customers will be able to see it. The advertising potential is infinite while the amount of money your company has invested is next to nothing.

Another excellent group of promotional giveaways under $1 are stress relievers. The key to these custom stress balls under $1 is entertainment value. If you can offer your customers an item that will provide them with some fun, then the cost really does not matter. You will be able to find plenty of promotional stress relievers for less than a buck, so you can have the opportunity to distribute a whole bunch.

There are endless amount of themes to choose from, and many are sports related. You can appeal to any market that exists with this item, and especially those at outdoor events. Any sports game or company picnic is the perfect occasion to offer people these cheap stress balls as a way to get them excited about your brand.

Finally, consider promotional food products under $1 to create a positive buzz for your company. The reason why this category is so great is because it provides the recipient with an instant satisfaction that they will automatically associate with your brand. You can find certain candies and chocolates for as low as a nickel a piece, so this is truly a bargain that can’t be beat. Each candy will come individually wrapped in a packaging that contains your imprinted logo, so the promotional value of the item won’t be lost once the food is consumed. People appreciate items like this at trade shows and company events since they are sure to get hungry throughout the day. They won’t care how much it costs as long as it tastes good.

There are plenty of other promotional giveaways under $1 that you can choose from as a small or new business owner. Once you start the sequence of marketing your brand through promotional products, you will start to see a positive growth for your business that would not have been able to generate without the benefit of these items acting as a catalyst.

Daniel Namm is an e-marketing specialist for Motivators, Inc., a Long Island based promotional products distributor. The company’s website, Motivators.com boasts over 40,000 e-commerce enabled promotional products. Check out the latest selection of promotional giveaways under $1 to create the best marketing value for your new brand.

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