Sole proprietorship taxes come with its own set of pros and cons. There are some situations where being a sole proprietor makes sense, but there are also times where the choice to incorporate is smarter. Finding a balance between the two will decide the long-term fate of a business. Sole Proprietorship A sole proprietor is…
Most of the profitable franchises in the US are led by long running brands. But there has been some shuffling around recently, as newcomers are gaining in popularity. Consistency is behind the most profitable franchises in history. With that consistency comes customer loyalty, and an annual expectation of growth. 1. Dunkin’ No other franchise has…
One of the most critical aspects of your initial business plans is deciding the legal status of your new venture as your decision can have an impact on your future success and affect access to funding as well as making a difference to your tax liabilities. One thing to look at when registering a business…
Owning your own company is a dream many people have. They long for the days of setting their own hours, taking over complete control of their work product, and other advantages. It may seem that having your own startup is nothing more than a pipe dream, but every company had to start somewhere. Building a…
Hiring a marketing consultant is no easy feat. Everyone specializes in something different and has different expertise in different areas of marketing, various price plans, and fees, and work in different ways. Of course, as a business, you want to make sure you’re finding the best consultant to suit you and your needs, but how?…
There is little doubt that angel investors have proved pivotal in getting some fledgling businesses up and running, giving them the cash injection needed to put their ideas into action and generate decent profits if everything goes to plan. If you are pitching your business idea to a number of angel investors it can be…
It is now fairly easy to get a new business venture up and running within a short amount of time, especially if you are launching your startup online. However, starting a small business still requires a certain amount of planning and strategizing so that you can take full advantage of every opportunity once your business…
When you’re starting out in the world of business, there’s a lot on your plate. No matter how big or small your team is, there always seems to be endless tasks on the to-do list, and so little time and resources to do them. Of course, you can think about outsourcing tasks, but for the…
After customers have been reluctant to leave their homes during the COVID-19 pandemic, businesses have had to develop ways to stay at the forefront of their customers’ minds. Maintaining a loyal customer base can help businesses stay open during and after the pandemic. No matter what type of business you are operating, you can be…
Every day, we head closer and closer towards becoming a cashless society. Through the introduction of debit cards and contactless cards, and then wireless payment applications on smartphones and tablets, now retail stores around the world are already in the process of eliminating even more from the traditional shopping experience, in this case, removing cashiers.…
