If your small business has expanded to the point where it is time for you to hire an employee or two, you may be wondering what criteria you should use to select the best applicant. Because you will probably be working closely with this person, you will want to be sure that the two of you are compatible as well as be confident that the person can perform the tasks associated with the job well. Although you may be tempted to hire the most experienced or educated applicant, this sometimes is not the best choice.Never heard of this before? Read the rest of this entry »
When you are starting a small business is it a good idea to rent office space. You donâ€™t want to buy a building. The business may fail. It is better to rent and see how things will work out first.
There are many people that start a business, but they have no real desire to get an office. They just want to test the waters from their home without making a big deal of it. The office, however, is a way to advertise. The business gets Read the rest of this entry »
Money Matters: Choosing A Small Business Bank Account
Having a small business bank account is key. Moreover, anyone conducting business should bear in mind that any company without an account is opening themselves up to potential personal risk. Let me explain, a business bank account is ideal for tax purposes. It can clearly demonstrate how many comes and how many leaves your business account. When you start mixing your personal and business together, that is when Read the rest of this entry »
While new business owners consider the importance of having enough product to sell and how to promote their businesses, they don’t always consider how to do their bookkeeping. However, keeping accurate financial records is vital to the business.
All transactions both income and expenses need to be logged in and accounted for. Every business needs a ledger in which to keep track of what is coming in and what is going out. It is important to log in date, item, and buyer or seller. Without accurate records, owners have little idea of how the Read the rest of this entry »
The right business model for your business is a crucial steps that you must do when opening a business. You must consider many things before making a decision. First you have to decide how you will be doing your business. Is it going to on-line or and actual physical store. How are you going to make money for the business. These are easy or hard questions to answer, but they are important in make your business a success. Read the rest of this entry »
Legal Tips For Starting A Small Business
Anyone who is either starting their own business now or has already done so will know there are certain rules or steps to follow pertaining legal matters. Starting a small business requires a lot of foresight to realize the potential legal matters that may arise. For one thing, it is essential to create a limited liability company or LLC before you open your business. You do not want to conduct business under Read the rest of this entry »