Have you heard? There's a new one-stop-shop website that provides employers of all sizes information on how the Affordable Care Act may affect businesses and help them compete. The site includes a wizard tool that is tailored based on the size and location of your business. Go To: http://business.usa.gov/healthcare The site also provides employers to informational content on tax credits and other provisions of the law from the Small Business Administration, the Department of Health and Human Services (HHS), and the Treasury Department.
My feeling is that you should go “all in” if you’re going to become the owner of a franchise business someday.
There’s a lot to learn before you open for business. There’s a lot to do, too.
· You have to research the franchises that you’re looking at
· You have to figure out financing
· You have to draw up a business plan
· You have to hire a franchise attorney
· You have to set-up your business entity
· You may have to find a location
There’s also something else that I’d you to do.
Small businesses are the backbone of America’s economy, creating two out of every three net new private sector jobs. And at the Small Business Administration, our job is to make sure that small businesses have the tools and the resources they need to succeed at every stage.
According to the U.S. Census 2007 Survey of Business Owners, women owned 7.8 million businesses, representing almost 30 percent of all companies in the country. It’s also worth mentioning that the growth of women-owned firms has outpaced the growth of other types, having increased by just about 44 percent between 1997 and 2007.
So, what can you do to join the ranks of these successful women business owners? Are you exploring your options for capital? If you’re looking for help to finance your business venture, check out these resources.
You may have built up considerable money in your 401(k) at a job or in your IRA and now you want to start a business or turn your sideline venture into a full-time activity. Can you use the money in your retirement account as capital for your business without incurring a tax bill? If you follow the rules carefully, the answer is a qualified yes.