Now that we're in the fourth quarter of the year, it's time to get ready for 2013. There is much to do from a financial, legal and tax perspective. In this article are guidelines for mapping out your company’s financial plans for 2013. In upcoming articles, you’ll see what legal steps you should take and last-minute tax planning moves you should make before the end of the year.
Overview of budgeting
Hiring your first employee or building your business team opens whole new areas for compliance in employment and labor law. Laws are broad and far reaching and cover a broad range: preventing discrimination and harassment in the workplace, workplace poster requirements, wage and hour laws, workers compensation regulations, and more.
David J. Wineland, a physicist at the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST), has won the 2012 Nobel Prize in Physics. The honor is NIST’s fourth Nobel prize in physics in the past 15 years.Wineland shared the prize with Serge Haroche of the Collège de France and Ecole Normale Supérieure in Paris, France.Read More
Last week, I had the opportunity to speak at the National Association of Women Business Owner’s (NAWBO) conference in Louisville. It was a chance to talk about the issues and the opportunities that women business owners and entrepreneurs face as they build innovative and successful companies across the United States.
Forty years ago, women owned just 5 percent of all small businesses. Today, women own 30 percent, which equals a total of 7.8 million companies generating $1.2 trillion a year in sales.
Well-trained employees are essential to the success of your business. Unfortunately, in a bad economy, a business’ training budget is often the first thing cut. It may make sense at the time, but the long-term implications can far outweigh the immediate costs saved.
Ed. note: Cross-posted from ITA's Tradeology blog. Sophia Lu is a Fellow at the International Trade Administration Office of Legislative and Intergovernmental AffairsOn October 2, Under Secretary of Commerce for
International Trade Francisco Sánchez commenced a four-city tour of
American manufacturing cities to promote the benefits of strengthening
America’s manufacturers and expanding U.S. exports to create jobs. This
“Made in America Manufacturing Tour” supports President Obama’s National
If you are in start-up mode and want to launch a new product, secure private funding or bring visibility to your company, then public relations is an essential tool for your box. But how do you get started if you have few resources? Here are some tips for things you can do on your own, without the help of a PR agency or expert, to get visibility for your business with potential customers or financiers.
Despite signs of economic recovery, countless Americans are still dealing with layoffs and unemployment. As often happens when the economy slows, many Americans respond by using unemployment as a springboard to business ownership.
But unemployed workers face a fundamental challenge when it comes to starting a business – how do you start a business if you risk losing your unemployment benefits simply because you aren’t actively looking for a career-job?
First-of-its-kind campus collaboration will provide USPTO and Commerce resources directly to students, faculty and industry, help accelerate commercialization of new technologiesToday Acting U.S. Commerce Secretary Rebecca Blank was joined by Under Secretary of Commerce for Intellectual Property and Director of the U.S. Patent and Trademark Office (USPTO) David Kappos and Cornell University President David J. Skorton to announce a groundbreaking agreement between the Commerce Department and Cornell University that will promote growth for American businesses and entrepreneurs. U.S.Read More
Due diligence, the research part of buying a franchise, includes several different things. If you’ve never worked through the process of researching one before, there’s a pretty good chance that you’ll miss something.
And, it all starts by knowing what to ask.
Franchise research encompasses a lot of different things. Some of the obvious ones include:
· Learning about the operation
· Contacting existing franchisees
· Figuring out the financials
· Checking out the competition
· Visiting franchise headquarters*