Right now you likely have a business idea. Awesome! Now you need to think through that idea by getting your thoughts on paper. The One-Page Business Plan will walk you through each step of planning your business idea. Once you know your financial projections, you can finish the basics of this plan in less than…
All Starting a Business Articles - Page 2
What Is a Business Partnership?
A business partnership is an agreement between two or more individuals who go into business together. There are several types of partnerships that business owners can create, such as a general partnership, limited partnership, LLC with multiple members, and limited liability partnership (LLP). Regardless of the partnership you choose, we recommend creating a documented agreement…
25 Best Home Based Franchises
Home based franchises are businesses you can run from your home, or that have a mobile vehicle such as a branded truck. Much of the work conducted by the home franchises listed below can be either full time or part time. Additionally, many of the businesses can start as a home based franchise and grow…
Best and Worst States for Businesses to Survive the Pandemic
Our 50-state analysis shows that business owners in Ohio (which ranked #1) were best situated to weather the economic turmoil of the COVID-19 pandemic. Those in New York (#50) fared the worst. Fit Small Business surveyed every state using metrics including overall financial health, infection rates, emergency reserve totals, and consumer confidence to determine in…
LLC vs S-corp vs C-corp: What is the Best for Small Business?
The limited liability company (LLC), S corporation (S-corp), and C corporation (C-corp) are all business structures that you may be considering. The LLC is a low-maintenance legal entity that’s best for a simple business. An S corporation is a tax status created so that business owners can save money on taxes. A C corporation is…
LegalZoom vs Rocket Lawyer: Which Is Best?
LegalZoom and Rocket Lawyer provide similar online legal services. Where they differ is pricing, ease of use, intellectual property services, and customer service. LegalZoom has more affordable ongoing single services like access to their legal document library. Rocket Lawyer provides comprehensive services in an affordable monthly membership, which includes legal advice and unlimited legal documents….
21 Best Businesses to Start in 2020
The best businesses to start are those that are either low-cost, high-profit, low-competition, or trending. You also may want to look for a business that performs well during or after COVID-19 restrictions. To compile this list, we reviewed market research by companies such as IBIS World, Statista, Bureau of Labor Statistics (BLS), and Grand View…
The Low-Cost Guide to Starting a Cleaning Business
Cleaning businesses offer a wide range of services, including disinfecting, vacuuming, dusting, tidying up, floor mopping, and waxing. More recently, cleaning businesses are specializing in CDC recommended procedures to kill the COVID-19 virus. In this guide, we talk about low-cost strategies to get your cleaning business up and running on a budget. We cover how…
6 Best Business Plan Software 2020
Business plan software gives you the tools to create financial projection tables, charts, and other documents you need to plan your business. Software is often better than using a free template because it gives you step-by-step directions and educational materials to help you complete a clear business plan. We review the best business plan software…
The Complete Guide to Starting a Business
Whether you’re starting a part-time business or quitting your corporate job to create your dream biz, you’ll find information in this guide to help you succeed. Throughout this article, you’ll learn from experts in finance, legal, marketing, human resources, software, insurance, in addition to myself—a former small business consultant. As a small business consultant, I’ve…
7 Best Online Legal Services 2020
An online legal service assists with legal tasks in both business and personal matters. The services typically cost a fraction of what a local attorney would charge. An online legal service helps with tasks such as business registration, legal documents, attorney advice, and intellectual property. Choose a company to work with based on your specific…
18 Compelling Reasons to Start a Business
While there are an unlimited number of reasons to start a business, there are several that signify someone is well-suited to be a business owner. Many people start a business for the lifestyle benefits, such as a flexible schedule. Others start a business to better align with their personality traits, such as being comfortable with…