In our effort to protect the usefulness of the community, we are reviewing accounts as they are created to weed out spammers and bots. But sometimes they slip through the cracks.What Is Spam?Here are some examples of spam on this site:Any posts, discussions, or comments that are obscene or vulgar. Any posts, discussions, or comments that are not related to small business.Mass unsolicited sales messages.How to Handle SpamIf you suspect a member is a spammer, please send a message to our…Continue
Welcome to the Small Business Bonfire! Your first stop should be our Membership section. As a member of the Bonfire, you get free and unlimited access to some very useful tools for small business owners that aren't available anywhere else:The Spark NewsletterRed Hot Tool of the Week ArchiveSmall Business LibraryBonfire Member Discounts and Special OffersAnd a lot more...The…Continue
When you’re deciding to register your business, the legal vocabulary and tax options can be overwhelming, especially for a first time business owner.
Typically, a small business should consider one of two options: a sole proprietorship, or a limited liability company (LLC).
These structures are usually inexpensive to set up, easy to run, and allow for pass-through taxation.
However, there are key differences between the two that a business owner should understand.
A sole proprietorship is the easiest entity to set up. In fact, if your business contains your legal surname, you already ARE a sole proprietor (i.e. Scout Finch’s Birdhouses). If Scout Finch decides to operate under “Home Tweet Home Birdhouses,” she’d have to register a fictitious name with the state, whose costs vary. That name is not reserved for Scout, however. If Tweety Bird wants to form an LLC under the same name, she’ll be able to take it, much to Scout’s chagrin.
There are few…Continue
In the bestselling book, The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich, author Timothy Ferriss explains how entrepreneurs can master time. Ferriss shared how he changed his priorities, reformed his management strategy, and reduced the number of hours he worked each week. In the process, he learned how to work less hours and increase profitability.
It doesn’t matter how many hours a week you work now, the size of your business, or what type of business you have. What does matter is we can all learn to streamline our businesses. We can work less, and make more money. We can redesign our business, and change what isn’t working. Maybe we can’t get down to a 4-hour work week, but we can certainly learn how to be part-time entrepreneurs.
Change Your Priorities, Change Your Time
In The 4-Hour Workweek, Ferriss explains how he was working himself to death. He was headed towards a…Continue
One of the first questions I ask when I present to business groups is: ‘Why are you here? Why are you in business? Why on earth have you left the security of a job with regular pay to start your own business, with all the uncertainty this holds?’
I always get similar answers.
Mostly, people say they don’t want to work for someone else. They don’t want someone else’s culture.They don’t want to be told how the way it should be done. They want to be in control. They want flexible hours and to spend time with their children. They want to be able to go on holiday when they want. They don’t want someone telling them how many weeks’ holiday they can have a year. They want to do something they really love. These are all…Continue
Working from the comfort of your own home can be a thrilling experience. Say goodbye to the traffic-filled, frustrating daily commute. Forget about spending hundreds, even thousands every year updating your office wardrobe. So sleep in a few extra minutes, enjoy your breakfast, and make a pot of coffee.
You might have just one issue: where do you actually go to do work? This is a surprisingly common issue for new telecommuters, but there is seemingly little advice that addresses it. There's a lot to loathe about an office, but a dedicated place to do your work is not one of them.
When I accepted my first work-from-home job it felt like a dream. What's not to love about a flexible schedule, no commute, and more time around the kids? After one week, though, the negatives became clear.
It's easy to play fast-and-loose with time flexibility. A break here and a break there adds up. Before you know it the clock reads 5 o'clock…Continue