The American Dream is, and always will be, to come up with an idea, start a business and become rich from your own efforts.
You may be in Mail Order, Direct Mail, or you may be a local merchant with 150 employees; whichever, however or whatever - you've got to know how to keep your business alive during economic recessions.
Here again, it is helpful to form your corporation in Delaware. In this state the law allows you to assign any "par-value" to your stock as you like - even though there are no assets to back up your valuation.
When you first begin your business, everything is fine and dandy. It's like bringing home the new baby from the hospital. Everyone visits to see the new baby. Everyone thinks the baby is cute and wants to hold it.
So often we forget that our customers are our boss. I think I discovered one significant reason why most of us fall into this "rut." The day we began our business we were as happy as could be. The customer was king!
The primary reason businesses start at home, or with a meager P.O. Box is because, renting an office can be very expensive.
Aside from cost, or the fact that having an outside answer you business calls, there are some smart rules regarding 800-lines and how you should handle them.
One of the most important, but least understood or appreciated aspects of any business is its bookkeeping or accounting system.
Almost everyone needs or wants more money coming in, and with this desire most would like to start some sort of extra income-producing project. The trouble is, not many of these people seem able to fit "a second job" into their time schedules.
Success in business comes as a result of planning. You have to have a detailed, written plan that shows you what the ultimate goal is, the reason for the goal, and each milestone that must be passed in order to reach your goal.
For most companies, accelerating receipts to make cash available quickly may be far more important financially than earning the maximum interest on a disbursement float.
How many "bad debt accounts" do you have? How many of these do you expect to ever finally collect?
Very few of us are aware of the contribution small businesses make to the American economy. According to the Small Business Administration, in 1988, the United States had approximately 19 million businesses.
Because tens of thousands of people all across America want to know how they can work at home and earn enough money to run a household, there is a special need for this report. Today the need for women to work out of the home is stronger than ever.
In these days, it's becoming increasingly difficult to make ends meet with just one source of income. Thus, more and more people are investigating the possibilities of starting their own extra-income business.
Every year, several thousand people develop an interest in "going into business." Many of these people have an idea, a product or a service they hope to promote into an in come producing business which they can operate from their own homes.
Almost everyone needs or wants more money than they currently have, and with this desire most of these people would like to start some sort of extra income producing project.
Once you have formed your own non-profit organization, you merely place in your corporate charter the provision that medical care be paid by the organization of which you are a member.
When people call my office and start telling me about a marketing problem they have, I always start out by asking them What type of a customer base do you have right now. Most of them will tell the truth and say they don't know.
Tax Tips For Investors & Entrepreneurs