Accounting Basics for the Small Business Owner

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If you are a recent owner of a small business, congratulations to you on taking the plunge!  As you probably know, you wear many hats as a business owner and sometimes not all those hats are what you enjoy. However, all of them are important! Proper accounting procedures is one that remains at the top of the list as extremely necessary to the success of your business. Whether or not math is your strong point, you can keep the accounting side of your business extremely accurate by … [Read more...]

5 Ways to Raise Small Business Capital

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By Bert Seither, Vice President at 1800Accountant About the author: Bert Seither is the Vice President at 1800Accountant, the nation’s leading accounting and consulting firm for small businesses and entrepreneurs. For over a decade, Seither has assisted thousands of small business owners by helping them achieve financial freedom. In order to launch a small business that has a very good chance of being financially successful, it’s an absolute must to build a solid financial foundation … [Read more...]

Do You Have the Qualities it Takes to be an Entrepreneur?

Most of us have probably thought it a time or two in life…”wish I could just open my own business and be my own boss” or you could have more serious thoughts of “I wish I could tell my boss to take a hike and do my own thing.”  Whatever the case may be, deciding if you are the entrepreneur type is the question.  There are many facets of your personality to consider before taking the dive into becoming your own business owner. As Forbes.com states, being an entrepreneur is about passion and … [Read more...]

Get the Facts: Understanding What Goes Into a Sole Proprietorship

Sole proprietorships are one-person businesses that are not registered with the state as either corporations or a limited liability companies (LLC). In this way, sole proprietorships are easy to set up and maintain. So easy, in fact, that it’s possible to own one without knowing it. For example you have a sole proprietorship if: You’re a freelance photographer or writer A craftsperson who works on a contract basis A salesperson working on commission only An independent contractor … [Read more...]

Does Your Small Business Need An Advisory Board?

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You may have heard the term advisory board but what exactly is it and is it something that your small business could benefit from? As you know, many large businesses have a group of influential people called the Board of Directors that make heavy decisions and have immense power.  An advisory board is a group of trusted individuals that you find to seek out advice.  They do not have any legal defined responsibilities, no power to make decisions without you, nor can they get rid of you as a … [Read more...]