The best business ideas involve solving a problem — preferably in a space you’re familiar with a unique solution and a validation process. To come up with a great business idea, you’re going to need to become an idea detective, research common sources of business ideas, brainstorm solutions and test your idea. If done correctly,…
Limited Liability Partnership Agreement Template + Pros & Cons
A limited liability partnership (LLP) agreement is a professionally licensed partnership that protects partners from personal liability of business decisions. These legal entities serve as pass-through entities for tax purposes and are organized to specifically help certain licensed professionals such as lawyers, accountants or architects. An LLP is easy to set up and administer. Commingling…
35 Grand Opening Resources
Opening your own business can be one of the most exciting moments in your life. There’s a pride that comes with creating something and sharing it with the world. All of your hard work in preparation will come to fruition, so why not make it a grand affair? If you’re not sure where to get…
How to Become a Personal Trainer in 6 Steps
When learning how to become a personal trainer, many do it because it can be a lucrative career choice. In fact, you can reasonably expect to make between $40,000 to $100,000 plus per year as a personal trainer. If done correctly, you should have a firm understanding of your offering and your target demographic as…
LLP vs. LLC: Differences, Advantages & Which is Best for You 2018
LLCs and LLPs are both legal entities that allow companies to engage in business activity. LLCs are typically better for most small business owners because they offer more tax flexibility, are easier to set up and have fewer restrictions on members. An LLP is better for forming partnerships to practice accounting, architecture or law. When…
5 Pros and 5 Cons of an LLC
Limited liability companies (LLCs) are the simplest and most inexpensive business structure in the United States. The pros and cons of LLCs include being easy to form, protecting owners from personal liability, and offering flexible tax options. However, LLCs also make raising money difficult and can misalign owner tax burdens and their earnings from the…
How to Start Your Own Cleaning Business in 6 Steps
In 2015, the cleaning services sector generated $41.7 billion, and it is expected to grow to $46.3 billion by 2020. In addition to huge profit potential, the barriers to entry and startup costs for a cleaning service business are relatively low. All you need is relatively minimal startup funding, an entrepreneurial spirit, and some basic…
5 Sole Proprietorship Pros and Cons
A sole proprietorship is a single-member business that’s never formally incorporated with a state filing. Sole proprietorship pros and cons include that It’s easy to set up, but there’s no distinction between business and owner and no liability protection. Sole proprietorships minimize startup costs but won’t help you limit your personal liability. Regardless of how…
Top 25 Mompreneur Business Ideas for 2018 & Beyond
A “mompreneur” is a woman who takes on two jobs — one as a mother and the other as a business owner. The list of successful mompreneurs is long and growing and consists of both full-time entrepreneurs as well as mothers with side businesses. We spoke with leading mompreneurs and other pros to figure out the…
25 Tips to Find the Right Bookkeeper from the Pros
Every business should keep a clean record of all its financial transactions. However, most business owners are either not trained to do their own bookkeeping or they don’t have enough time for the task. According to the experts, hiring a bookkeeper to manage your books is something that would benefit most businesses. Below are 25…
What is ITIL – The Basics and 5 Lifecycle Phases
Information Technology Infrastructure Library (ITIL) is a standardized set of processes, procedures, and best practices that offer guidance on how to more closely integrate IT operations with business needs. Implementing ITIL can help IT teams deliver a more holistic end-to-end service by breaking down the departmental walls that sometimes cause them to work in a…
Weebly vs WordPress: The Key Differences Explained
The key differences between Weebly and WordPress are features and ease-of-use. WordPress has been embraced by businesses and online stores because of its seemingly endless features and integrations, although it can be difficult for beginners. Weebly has found its niche in personal websites, largely for their simple visual editor that makes web design more accessible….
