Choosing a business to start can be both an exhilarating and frustrating experience—there are many options to choose from and paths to explore. To settle on an idea, examine your skills, experiences, and firsthand knowledge. Also, look at what businesses are trending. Before choosing, get a cost estimate required to start the business and ensure…
Starting a Business
Best Businesses to Start With $500 or Less Right Now
Let’s be honest: Who doesn’t dream of running a business, calling all the shots, and raking in the profits? Fortunately, it’s cheaper—and easier—than ever for entrepreneurs to start a profitable business. You can start a website for a few dollars, and the vast number of affordable, easy-to-use digital and artificial intelligence (AI) powered tools offer…
How to Come Up With a Business Idea in 5 Steps
Coming up with a business idea is the first step to starting a business. Start by identifying problems you or others are having and brainstorm possible solutions. It’s wise to start with a problem because business is essentially solving customer’s problems in exchange for money. When you have an idea, validate it through feedback. Finally,…
How to Start a Small Business: An Ultimate Guide
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 how to start a small business from experts in finance, legal, marketing, human resources, software, insurance, as well as expert advice from former small…
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…
Top 30 Crazy Business Ideas for Entrepreneurs
Are you looking to start a business, but aren’t sure what to do or if your “out there” idea will work? Take heart! Weird business ideas can lead to successful companies. Unconventional businesses usually cater to a niche market need, which means less competition. Plus, they can be a lot of fun! Here are 30…
What Is an S-corp & How Are S-corps Taxed?
S corporations (S-corps) are pass-through entities that don’t pay federal income taxes. Rather, their profits, losses, deductions, and credits pass to their shareholders’ tax returns. The shareholders are then responsible for paying federal income taxes on their share of the S-corp’s income based on their individual income tax rates. Since S-corps are not taxed at…
How to Create a Vision Statement (+ Free Template)
Creating a vision statement is fundamental to defining your brand’s identity and provides an aspirational goal for everyone in your company to pursue. But learning how to write a vision statement that is effective and inspirational can be challenging. To make it easier, download our free template and follow the steps below to create a…