Hi First of all, well done for the initiative. Sounds great. When to incorporate is one of the most common questions I get when working with startups. The answer is not too early, in order to save the fees (mainly yearly reports and accountants), but before you have clients (who can potentially ...
If you are the officer of the S-corporation working substantially in the business then you should draw a reasonable salary. You do this by treating yourself as an employee and running your wages through payroll, withholding payroll taxes, etc. You can learn more about that at https://gethelptax...
Validating your business idea before investing in materials and execution is crucial. Consider creating a landing page to showcase your concept and gather interest. Use social media and online ads to drive traffic. Collect email sign-ups or measure click-through rates to gauge interest. Conduct s...
There are two value sets here: yours and the prospect's. You may value your service at $X, but if your prospect doesn't see it that way, that value does not exist. However, you do have to start off with your target value. Have a "base/best case" value, and a "bare minimum/worst case" value. Th...
No there is not such Guide, because it will be a 300 page manual. Your best bet is to pay a consultant who specialize in that area of business or at the very least find someone doing what you're doing and pay them to build you one.
I've set up a number of online courses, and also supported other business owners in their online course creation and hosting. This is a huge topic with a number of variables. You may decide to host your course on your own Wordpress platform, in which case you'll need: - a website (if you don't a...
If your concern is from an ethical standpoint or a concern over a segregation of duties, there is no problem at all having your tax person handling your bookkeeping. The bigger issue is something that few people understand about accountants. There are different specialties within accounting, a...
Budget is definitely important for a successful business, but it is not everything! As a young entrepreneur, I started a similar business earlier in my career selling eyeglasses on eBay. I created an eBay store, worked on advertising, and was fortunate with my results. I would love to speak with ...
There are no lenders that offer a fixed rate SBA business loan because SBA's fixed rate loan program is only for real estate backed loan. The SBA 7A program which is for non-real estate business acquisitions are variable rate loans. They are available as 10 year fully amortizing loans but they do...
2 quick and simple ideas come to mind. 1. Open up iTunes, open the podcast section, open up your relevant categories and subcategories. e.g. business/business and marketing. Contact the podcasts that are in the "New and Noteworthy" sections or in the lower half of the top 200 podcasts sections....