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7 Best Startup Business Idea In 2017

by Manuela
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Starting up your own business can be a big risk but can pay off huge if your idea takes off. There’s no way to guarantee a startup will be a success, but starting a business in a hot, in-demand industry may dramatically improve your chances. Related Link: The Early Traits Of A $100 Million Company Coming up with an idea is just the first step in a long and difficult process of building a successful startup, but you’ve got to start somewhere. Here are seven areas to consider for your startup business. 1. Artificial Intelligence Obviously if you don’t have [...]

Small Business Owners Work Long Hours…But Get Little Done

by Manuela
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When you’re a small business owner, Parkinson’s Law (“Work expands to fill the time available”) definitely applies. However, you’re not the only one who feels buried under a nonstop avalanche of work. Some 84 percent of business owners work more than 40 hours a week, according to a recent survey from The Alternative Board, and about 10 percent “continuously overwhelmed” by their workload. I’m truly impressed that 90 percent of business owners don’t feel continuously overwhelmed, especially considering the average business owner in the survey reports having only 1.5 hours of uninterrupted, highly productive time per day. (Sounds about right!) [...]

The Benefits Of Owning And Operating A Family Business

by Manuela
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Many people dream of starting their own business and when they do, it often turns into a family business. Mom and pop businesses have been around since the beginning of time, with most of them being handed down to an offspring or sibling, when the original owners retired. In order for a family business to be successful, every member or almost every member of the family must be involved in the operational processes. Below, you will discover several benefits of owning and operating a family business. United For One Common Goal Sometimes within the workplace competition can be a good [...]

Tips For Starting A Small Adult Day Care Business

by Manuela
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Many elderly and disabled adults are forced to spend most of their days alone, because they do not have family or friends. An adult day care service is the perfect solution for these individuals, plus in many cases government assistance is available to pay for the expenses. If you are looking for a new career niche that will offer amazing rewards, you should consider an adult day care center. Below, you will discover several tips to help get you started turning your business idea into a reality. Choosing A Location It isn’t unusual for people to operate a small adult [...]

4 tips to help small business owners to reduce their overhead costs

by Manuela
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Business expenses and outgoings can eat into your profits and in some cases you can end up spending more money than you make. As such, it is a good idea to do everything you can to keep costs down and maximize profits. Here are a few ways you can do this even as a new business. 1. Always shop around Whether you are buying equipment or products to sell at profit it is important to try and get the best deal available. Can you buy any of the equipment you need refurbished or used? All kinds of items can be [...]

The 8 Least Productive Tasks Business Owners Do (And How to Never Do Them Again)

by Manuela
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By Sujan Patel Set SMART goals…. Work according to your circadian rhythm…. Learn to prioritize your top three to-do items and tackle them before anything else … The web is full of productivity advice for entrepreneurs. And while these tips, when implemented appropriately, can be incredibly helpful, there’s a corollary that’s missing. What about the things business owners should not be doing with their time? Your to-don’t list is just as important as your to-do list. Here are eight items that belong on it: 1. Shuffling past-due items on your to-do list Have a task you keep putting off, but are never [...]

Best Small Business Ideas for Students in 2017

by Manuela
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The following are some useful jobs for college students or college graduates who want to earn money by starting a small business with little or no investment. (Newswire.net -- July 5, 2017) -- It is no secret that college students struggle to find jobs. Graduate students have a hard time these days obtaining a good job that pays enough money to cover their expenses. The following are some useful jobs for college graduates or college students who want to earn some money by starting a small business with litlle or no investment. These small business ideas will work well for college [...]

Master the Art of Online Sales with These 20 Tips

by Manuela
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So you’ve established a website offering products or services for sale. You have a great selection and a good-looking website — but your sales are still flat. This is a problem for plenty of online businesses. But there are ways to overcome those sales slumps and grow your business online. Gary Shouldis of 3Bug Media shared some of his top online sales tips in an email interview with Small Business Trends. Check out some of the highlights in the list below. How to Increase Online Sales Establish a Plan Early According to Shouldis, not having an actual plan in place [...]

10 Tax Penalties – and How to Avoid Them

by Manuela
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As if taxes weren’t enough, the IRS can add interest and penalties for certain action you may take or fail to take. There are over 150 civil penalties in the Internal Revenue Code. Tax penalties can be costly and they’re not tax deductible. Here is a roundup of some tax penalties that can impact small businesses owners and what can be done to avoid them. Tips on Avoiding Tax Penalties for Your Small Business 1. Late Filing Penalty for Tax Returns April 15 may be seared into your brain as tax day, but it’s not the deadline for all returns. S [...]

5 Common Self-Employment Blunders | TheSelfEmployed.com

by Manuela
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Being self-employed brings self-fulfillment, freedom, financial rewards, and sometimes the ability to work in your pajamas from home. However, all those things get put at risk when you make costly mistakes. So, hold on to your house slippers and check out these five self-employment blunders that you ought to avoid. 1. Failing to Budget and Track Finances Create a budget that accounts for regular, ongoing expenses and also allows you to set aside money for emergencies. As you draw up your plan, remember that you want income to exceed expenses to ensure you’re not just getting by, but in fact, [...]