Did you start a business last year? No? Are you planning to start one this year? Did you know you can choose the tax year you intend to operate under? Choose well, because there are pros and cons for either method.
A tax year is an accounting period for which you must report your taxable income and business expenses, and the law requires you to operate according to a consistent tax year. The most common is the most obvious: the calendar year. However, businesses can also report based on a fiscal tax year and a short tax year.
America’s 28 million small businesses are the backbone of our economy. This past week, the Taxpayer Relief Act of 2012 delivered them some really good news.
There’s no doubt that social media marketing is a proven and established platform for connecting with customers, building a community and generating business. Yet, despite the evidence of its effectiveness as a marketing tool, surveys and studies say few small businesses are making active use of social media platforms like Facebook, Twitter or LinkedIn to promote products and services.
Will great things finally start to happen in franchising in 2013?
Should you become the owner of a franchise business in 2013?
What are some of the trends in franchising?
Let’s dig in...
Jobs aren’t what they used to be. The days of working for the same company for 30 years are over. A lot of today’s corporate employees move from job to job. And it’s usually not their fault. Divisions close down. Companies restructure. As Guy Kawasaki* says, “Shitake happens.”
Whether you are entering into a relationship with a customer, a vendor or an independent contractor, contracts are a fact of business. You need them because they serve as legally valid agreements protecting your interests.
But aren’t contracts laden with legalese? Don’t they have to be blessed by an attorney to ensure their validity? Not always.
In fact, I’ve seen contracts come across my table that are less than one page in length, in plain English, and still legally binding. How?
Generally, to be legally valid, most contracts must contain two elements:
Are you turning down work because you simply don’t have enough time or hands on-board to take it on? Thinking of hiring your first employee? Congratulations – your business is doing well!
But before you advertise for a new employee, proceed with caution. Hiring staff is a commitment to the future, and should be made in the context of your long-term growth plan and whether you really want to be an employer. Here are some points to consider, plus some tips for determining whether you can afford to hire your first employee.
1. What is your vision for your business?
As our nation prepares to begin the New Year, the Commerce Department's U.S. Census Bureau projects that on January 1, 2013, the total United States population will be 315,091,138. This represents an increase of 2,272,462, or 0.73 percent, from New Year's Day 2012 and an increase of 6,343,630, or 2.05 percent, since the most recent Census Day (April 1, 2010).Component Settings for January 2013:One birth every 8 secondsOne death every 12 secondsOne international migrant (net) every 40 secondsNet gain of one person every 17 secondsU.S. POPClock Projection | NIST photo of U.S.Read More
Want to secure your first million-dollar deal in 2013? Crossing that threshold will probably mean that you'll have to start selling to large corporate clients for the first time. It can be tough for small businesses, but not impossible. So what does it take? Here are some tips for upping your ante and selling to big, corporate customers.
Do Your Homework
Breaking into a new market or new client base requires planning. Start with identifying your new target market and then defining the value your small business can offer them.
The holiday season is a time for gathering to celebrate with friends and family, to reflect and to give thanks. At this time of year, the Department of Commerce’s U.S. Census Bureau presents holiday-related facts and statistics from its data collections, including details about mail, retail sales, toys, trees and decorations and much more. The nation's projected population as we ring in the New Year is estimated to be more than 315 million. Happy holidays from the U.S. Department of Commerce! U.S. Census Bureau Facts for Features, 2012Read More
As you look forward to a new year and new business opportunities, is the health and wellness of your employees at the forefront of your 2013 business plans?