Entrepreneurs are famous for working hard for success, but sometimes they make mistakes when it comes to paying income taxes. Below are some tips to help the budding entrepreneur before tax season rolls around. Don’t Combine Personal And Business Expenses It should be common knowledge that as a sole proprietor of your business you need
What is your business really worth? When attempting to buy a business or sell one of your own it’s vital to know the monetary value of the company. Such a financial valuation will also allow a business owner to discover how much their business is worth in today’s market in order to determine personal financial
Starting a business with a member of your family or a good friend may sound like a great idea in theory, but opposing ideas and differences of opinion can still cause problems. Can your relationship sustain such conflict? Can We Resolve Our Conflicts Peacefully? What is your track record with this person in the past?
The complacent entrepreneur, enjoying excellent sales and a big influx of profits may not realize that success today may not necessarily mean a successful tomorrow. Complacency in business can spell eventual doom in big capital letters for even the most flourishing company. You Won’t Keep an Eye on Your Competitors Most entrepreneurs are keenly aware
Improving your real estate investment portfolio can be a challenge. Creating, maintaining and improving a real estate portfolio can mean taking into consideration a number of contributing factors, which can be confusing and overwhelming. We’ve created a list of 5 tips to help you successfully get your real estate investment portfolio started. Set Goals
Believe it or not, success does have its pitfalls. Recognizing the signs and avoiding the problems they cause can help an entrepreneur continue to grow and increase their revenue. Continue to Closely Manage the Cash Flow Your business is growing and making a profit. However, don’t think managing your cash flow isn’t still a vital
Struggling through a list of seemingly endless tasks everyday can put even the most dedicated entrepreneur on the road to professional burnout. For a super busy entrepreneur, hiring an assistant can represent freedom on many levels. Finding the right employee that handles tasks with efficiency and enthusiasm can be a slow process, but it doesn’t
Should you hire a professional accountant for your business or should you do all the record keeping yourself and save money? After all, you can easily buy high-quality software programs to keep the records, track inventory, and plan tax expenses. However, does it make good business sense for you to do so? Hiring a professional