Wow! I'm in Business: A Crash Course in Business Basics

Wow! I'm in Business: A Crash Course in Business Basics

Language: English

Pages: 336

ISBN: 1413306543

Format: PDF / Kindle (mobi) / ePub


Have the drive, but need the "know how" to start and run a business? This book is for you! Named a "Top 10 Career Book of 2005" by Joyce Lain Kennedy, syndicated careers columnist. If your pastime and passion has started bringing in money, you may be wondering, "Am I in business -- and if so, how do I run it?". Feeling nervous? Don't! Thousands of people who knew absolutely nothing about business are now reaping the benefits of their hard work -- and experiencing the satisfaction of succeeding on their own. You can, too -- and Whoops! I'm in Business will show you how. Let it guide you through the entire business lifecycle. You'll find answers to the unknowns that may be holding you back, such as: Is this the right business for me? Should I quit my day job? What do I really need to know about bookkeeping? Do I need licenses and permits? Where do I get them? Can I borrow money? How? What do I need to know about contracts? What should I know about income taxes? and many more... Whoops! I'm in Business is packed with practical tips, resources and the stories of people who made the transition from business newbie to successful entrepreneur. Don't wonder about what to do with your idea any longer -- find answers in this book!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

You Incorporate or Form an LLC? .........................................................29 What Are You? Sole Proprietorship or Partnership?........................................................30 What’s the Difference? LLC vs. Corporation.........................................................................33 How to Convert to an LLC or a Corporation.......................................................................38 An Interview With LLC and Corporations Expert Anthony

82 | wow! I’m in business Venture Capital It’s unlikely you’ll be dealing with venture capitalists—at least not in your early stages of development. Venture capitalists (VCs) are an institutionalized version of the angel investor, except they have a lot more cash. Unlike angel investors, who invest their own money, VCs invest money acquired from financial institutions and wealthy individuals. Angels don’t have to invest (they can bank their money if they wish), VCs do; their business is to earn

that will put you ahead of competitors—that is, your basic strategy for reaching more customers and fending off competitors. Management Team This section of your business plan is basically a résumé, setting forth your business accomplishments and those of anyone who’s working with you. Here’s an example: As my résumé sets out in detail, below, my employment history as a cargo pilot, and later as a recording engineer, made me ideally suited to create and run FlightTime Audio. My flying

Businesses.......................................................................127 Avoiding Problems If You Ever Divorce...................................................................129 Tax Benefits of Hiring Your Children or Parents...........................................130 Hire Your Children........................................................................................................130 Hire Your

when making a lot of money is the main goal of your business, you will have a hard time sustaining it. 6 | wow! I’m in business If you have fallen out of love with your business, there are ways to rekindle the feeling. How to Run a Thriving Business, by Ralph Warner (Nolo) offers several suggestions for maintaining and increasing your interest. Here are some of them: Delegate administrative activities. If some activities—for example, bookkeeping, documentation, or contracts—obstruct your

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