How do you value your business plan? What’s it worth to your business? Here’s how I do it:
I value the business plan by the decisions it causes.
I value a business plan by the money it generates.
I value a business plan by its results.
If you are a sole proprietor, any earnings you make or expenses you incur as a business owner are included as part of your individual annual tax return (Form 1040). To calculate exactly what to report on Form 1040, you must itemize all operational income and expenses on one of two forms – Schedule C or Schedule C-EZ.
But which one should you use and how do you file? Here’s what you need to know.
Who Should Use Schedule C?
Are you a small business certified in the U.S. Small Business Administration’s (SBA) 8(a) Business Development or Historically Underutilized Business (HUB) Zone program interested in learning how to better manage your business relationships?
If so, you’ll be happy to know that the SBA is teaming up with Experian’s Business Information Services, the leading global information services provider, to launch BusinessIQ ExpressSM, an online cash flow management tool for small businesses certified in SBA’s 8(a) Program and HUBZone certified-firms.
Honesty is the best policy. Adopting an attitude of being clear and upfront has many benefits in life, from reduced stress to better relationships, but it can also be valuable in your business and key to converting leads into real customers. SCORE mentors will tell you that developing an open and honest relationship with your leads is important for several reasons:
- Honesty creates trust. If a lead feels comfortable sharing their needs and concerns, you can address them directly.
Businesses move for all sorts of reasons. Existing rents may be too high; neighboring anchor tenants may have left; or perhaps you just need a bigger premise for your growing business!
But how can you ensure your existing customers move with you and how can you go about attracting new customers to your new location? Here are six tips:
1. Communicate Pre-Move and Post-Move
Many of the provisions of the Affordable Care Act affect small businesses differently depending on their size. For self-employed individuals in particular, there are new options for health coverage and other changes under the health care law that will directly affect you in the coming months.
New Options for Health Coverage through the Affordable Insurance Marketplaces