The limited liability company (LLC), S corporation (S-corp), and C corporation (C-corp) are three popular business structures that can be used for asset protection and income strategy. Think of choosing between these three business entities like roommate arrangements. An LLC would be akin to having an opportunity to share responsibility for the bills and home…
Starting a Business
How to Start a Cleaning Business: Complete Guide
With the janitorial services industry currently valued at $931 billion, starting a cleaning business can be a profitable venture, whether you’re looking into residential or commercial cleaning services. In this guide, we cover the essential steps and low-cost strategies to help you launch your cleaning business on a budget. You can also download our complete guide…
How to Start a Small Business: An Ultimate Guide
Starting a small business involves coming up with a business idea, testing the idea, writing a business plan, acquiring funding, choosing a business structure, registering the business, getting it insured, making key hires, setting up systems, and finally, marketing and promoting it. Whether you’re starting a part-time business or quitting your corporate job to create…
EIN vs. SSN: Key Differences & When to Use Each
When starting a business, choosing between an EIN and your SSN for tax purposes is one of your first critical decisions. An Employee Identification Number (EIN) is a 9-digit tax ID specifically for businesses, while your Social Security Number (SSN) is your personal tax identifier. Getting this right from the start saves you the headaches…
Passive Income Ideas to Generate Cash Flow in 2025
Looking to make money while you sleep? Discover the most profitable passive income strategies that small business owners can implement.
The digital economy has made it easier than ever for small business owners to turn their skills, assets, and investments into ongoing income streams. From selling digital products and monetizing content to real estate and automated services, these passive income ideas can help diversify your revenue while freeing you from constant hands-on work. For small…
AI Business Ideas in 2025
Want to start a profitable business in 2025 using AI, but not sure where to begin? Discover AI business opportunities you can start with minimal investment, even if you don’t have a technical background.
Artificial intelligence (AI) has taken over the business world, creating unprecedented opportunities for entrepreneurs. From AI consulting and content creation to specialized training services, there are numerous ways to build a profitable AI business. You could help local restaurants automate their customer service, assist real estate agents with AI-powered property descriptions, or teach small business…
How to Start a Gift Basket Business in 7 Steps
Starting a gift basket business involves finding your market niche, selecting between online or storefront sales, registering your business, designing your baskets, and implementing a targeted marketing strategy. Whether you launch from home or open a retail location, you’ll need a solid business plan, creative design skills, and an initial investment. Many successful gift basket…
How to Open a Juice Bar in 10 Steps
With the growing demand for healthy beverages, opening a juice bar can be a profitable and fulfilling business. To open a juice bar or a storefront that serves fresh-squeezed juices and smoothies, you’ll need to plan carefully—from selecting your business model and location to creating a menu that appeals to your target customers. Beyond crafting…