How to Make an IRS Audit Easier for You and Your Accountant

Posted in MONEY

No one likes to be audited by the IRS. Most tax audits, however, are just requests for more information and, as long as you have the appropriate documentation, they can be a breeze. As a small-business owner, you are required to keep original receipts and invoices for all of your transactions on both the income [...]

Should Your Business Sign a Long-Term Lease?


When you first start your business, and again when you expand, one of the decisions you must make is where to set up shop. If you decide to rent commercial office or warehouse space, you’ll want to think about both the current state of your business and your plans for future growth. After you find [...]

5 Ways to Save a Failing Restaurant

Posted in MONEY

Owning and managing a restaurant is hard work. Some 60 percent of restaurants close their doors in the first three years of operation. This number soars during a recession, as fewer people have money in their budgets for dining out. Not all restaurant failures are inevitable, however. Understanding all the working parts of your business, [...]

The Benefits of Building a Business While in College


Starting a business is a huge undertaking for any entrepreneur. Some of the world’s most successful companies, including FedEx and Microsoft, were started while their founders were in college. Juggling coursework and business plans may seem like an overwhelming task, but there are many good reasons to build a company while hitting the books. 1. [...]

How to Sell Your Product through a TV Shopping Channel


If you sell products to individual consumers, the thought of moving several thousand units in a half hour probably makes you salivate. Such high-volume sales often happen on TV shopping channels like QVC and HSN: You can watch sales skyrocket while the product is displayed and customers place orders online and over the phone. Getting [...]

Why Your Business Needs a Freelance Writer


Almost every small business needs marketing and promotional content for digital (websites, social media, email newsletters) and printed (pamphlets, flyers, banners) materials. Entrepreneurs with young companies often try to save money by writing all of this content themselves; however, as your operation grows, you may no longer have time to do so. Hiring an experienced [...]

3 Tips for Avoiding a Bad Landlord

Posted in MONEY

Whether you’re trying to get your business off the ground or looking to expand, you have hundreds of details to attend to. Thinking about what kind of landlord you’ll have for your new store or office space probably isn’t at the top of that list. However, lots of bad (and sometimes really terrible) landlords exist, [...]

Before Renting a Commercial Space, Check Out the Landlord

Posted in MONEY

Signing a long-term lease for office space is one of the largest commitments you may make as a small-business owner. Once you sign on the dotted line, you are tied to the provisions in the contract and could end up in legal hot water if you violate them. To lessen the odds that you will [...]