When anyone starts working for themselves, they go in thinking they need the same office supplies they had where they used to work. We purchase things in volume, things such as pens and pencils, staples, notepads, and paper clips, along with a lot of other junk.
Years later I still had almost all of that stuff because, it turns out, very few small or independent businesses need things like that. It might make sense to buy one of each of those things just in case but buying in bulk as I did… stupid move.
Continue reading 5 Things Small Businesses Need To Purchase At The Start →
Something that every sole entrepreneur learns at some point is that they need help with “something”. It could be with sales, answering the phones, handling marketing… almost anything.
When you get to this point, it begs this question: do you hire or hire out? For some it’s an easy answer; for others it’s complicated. As an owner, you have to think about what’s at stake for your business.
Continue reading Should You Hire An Employee For Your Small Business? →
We’re not going to lie – having an “INC” or “LLC” after your business name can sound pretty impressive to some of your potential clients. With that said, deciding whether or not to take your business and incorporate it, especially if your business is pretty small, isn’t a decision you should take lightly.
by Benjamin Child via Unsplash
There are 3 different types of corporations, each of which is designed to protect the individual in some way. The costs are different depending on which one you choose as well as which state you’re in. At the same time there are both benefits and things to watch out for. Here are some thoughts we have on this.
Continue reading Should Your Small Business Be A Corporation? →
Accounting & Financial Advice from the Syracuse NY area
