Deducting Household Expenses for Home Business You are probably aware that expenses you incur solely for the benefit of your business reduce your taxable revenue. For example, suppose you own a home-based business that purchases picture frames at the wholesale…
Operating a Business From Home For many people, starting a home-based business is the culmination of years of planning, yearning, and economizing. It almost sounds too good to be true. Your commute is the few steps from your bedroom to…
Should You Hire a Relative for Your Home Business? When you first launched your home-based business, you may have been fortunate enough to have relatives volunteer to help you out on occasion. Perhaps your teenager answered the phone when you were…
How to Change Registered Agent in Texas Many people who operate a business from their homes choose a limited liability company, commonly called an LLC, as their business structure. Even if they began their business as a sole proprietorship, entrepreneurs…
Six New Year’s Resolutions Entrepreneurs Should Consider The practice of making resolutions on New Year’s Day is rooted in ancient times. Historians credit the Babylonians with making the first resolutions approximately 4,000 years ago. Although the Babylonian new year began…
Why Every Business Owener Should Know a Little About the California Gold Rush Entrepreneurs have played significant roles in the history of the United States throughout the centuries. Over the last 300 years, retailers, manufacturers, inventors, scientists, publishers, and other…
How to Identify Employees Who Are Future Superstars As an entrepreneur, you probably started your business with a small staff or perhaps without any staff at all. As your hard work was rewarded with success, you began hiring employees to…
Understanding the Differences Between Advertising and Marketing It is easy to understand why many people think that marketing is just another word for advertising. After all, the primary goal of both advertising and marketing is to generate sales by promoting…
For many small businesses, inventory represents a substantial part of the company’s assets and expenses. Some companies only conduct physical inventory counts at the end of their fiscal year, relying on their software to determine whether there is sufficient stock to fill…
The world of business has always evolved, but in past centuries, evolution has been slow and typically involved protracted battles between those committed to change and those committed to maintaining the status quo. Throughout most of the 20th century, business…
