Archive for September, 2010

Branding a business

Wednesday, September 29th, 2010

Building a brand can be a challenge for those who have recently formed an LLC. Starting a business is demanding, and it can take years to build a positive and recognizable brand image. Branding is essential to business success. People are constantly evaluating what they will and won't purchase or use, often coming to conclusions [...]

Hiring at LLCs and small businesses

Tuesday, September 28th, 2010

If you have recently started a business or formed an LLC, the odds are good that you're looking to hire. And, since the economy has put many professionals out of a job, you probably have a lot of qualified candidates from which to choose. So how can you pick the best new employee? Shifting through [...]

Avoid confusion when hiring

Tuesday, September 28th, 2010

Hiring employees seems like a pretty simple step for anybody who has formed an LLC or started a business. After all, once you've been through all the paperwork and legal issues associated with forming an LLC, how hard could hiring be? Well, there are a few little rules that are important to know before a [...]

Picking the right name for an LLC

Monday, September 27th, 2010

It's one thing to decide to form an LLC – and it's another thing to decide what to name it. Sorry, Shakespeare, but it turns out that there's a lot in a name. When starting a business, picking the right is of utmost importance. If it's too simple, it won't be memorable. If it's too [...]

Mix of key factors help LLCs thrive

Thursday, September 23rd, 2010

An entrepreneur with some experience is always a good sign for a small business, but finding the right mix of business qualities can help an LLC succeed. Many small businesses just starting out often try to work out of a home, hoping to avoid rent and other operating expenses, so a business type that doesn't [...]

Entrepreneurship, new LLCs declining in U.S.

Wednesday, September 22nd, 2010

Entrepreneurs forming an LLC are among a rare breed as a recent survey found that only 6.9 percent of Americans are seeking to start a new business, a drop from 10.6 percent in 2005. The Global Entrepreneurship Monitor found that there was a slight increase in 2009 among "necessity-driven entrepreneurs" – people who were forced [...]

For entrepreneurs, networking and matchmaking events help in meeting the right angel investor

Tuesday, September 21st, 2010

There are 250,000 angel investors in the U.S. with as much as $50 billion of available startup funds, and for entrepreneurs forming an LLC, matchmaking events offer the opportunity to meet. Banks and traditional lenders are tightening credit and making it difficult for fledgling businesses to find financing, so many are turning to private investors [...]

Texas businesses nurturing teen entrepreneurs

Monday, September 20th, 2010

A coalition of businesses in Texas is helping young entrepreneurs form an LLC, incorporate or start a sole proprietorship in an effort to build the next generation of business owners. The Youth Entrepreneurship Academy selected 13 teenagers from a pool of more than 100 to attend a seven-month long program at Texas Southern University. The [...]

Entrepreneur encourages LLCs to sell to global market

Friday, September 17th, 2010

They say the sky is the limit, but for entrepreneurs forming an LLC, opening up to global markets will truly allow a company to grow and succeed. Experienced global entrepreneur Larry Farrell met with business leaders in Memphis, Tennessee, and encouraged them to think globally as they move from startup to stable business. "There's more [...]

Receptionists are the workplace gurus at LLCs

Friday, September 17th, 2010

Choosing the right receptionist can be critical for entrepreneurs forming an LLC, as the person covering the front desk and answering phones often knows helpful details about the business and acts as a conduit to employees. While tracking data sheets can help identify the top performer at a business based on numbers, a perceptive receptionist [...]

For sound business advice, LLC owners can look to grandparents

Thursday, September 16th, 2010

When forming an LLC, it's easy to get caught up in complex marketing strategies, Facebook pages and the benefits of cloud computing, but business wisdom sometimes boils down to the lessons learned from grandparents. Bettina Hein writes in Mass Tech High that that the patience, hard work and even marketing ideas her business now relies [...]

Service industry major source of growth for LLCs

Thursday, September 16th, 2010

With 96 percent of new jobs in the next 10 years expected to be in the service industry, many entrepreneurs forming an LLC are targeting markets and customers in several growing fields. The Bureau of Labor Statistics estimates that restaurants, landscaping, administration, security, maintenance and childcare will be in increased demand over the next decade, [...]

Preparing an LLC with an effective communications response to problems

Wednesday, September 15th, 2010

Having a crisis communication plan in place will help entrepreneurs forming an LLC mitigate any damage in the event a publicity problem arises with their new business. Providing public relations training to the appointed spokesperson for a company will ensure that someone is already in place and prepared in the event of a problem, according [...]

More LLCs are going into export business

Wednesday, September 15th, 2010

Entrepreneurs forming an LLC are increasingly finding markets for products overseas, but the export business requires that owners pay careful attention to currency exchange rates. Fluctuating currencies can quickly eat into profit margins if business owners don’t adjust prices accordingly, NorthJersey.com reports. But some international banks now allow customers to lock in currency rates for [...]

Legal contracts important when deciding on a business entity

Tuesday, September 14th, 2010

Choosing the right business entity is an important decision for entrepreneurs considering forming an LLC, and an attorney writing at VentureBeat recommends considering all the possibilities to avoid future legal issues. The corporation and LLC offer liability protection for owners in the event of a lawsuit. However, the LLC is relatively new, and Curtis Smolar [...]

Continuing education offers advantages for business owners

Tuesday, September 14th, 2010

Continuing education is becoming a popular way to gain an advantage in business, and flexible schedules make it an option even for entrepreneurs forming an LLC. Whether it’s a one-night-a-week class on marketing at a community college or an intensive MBA program at university, business owners are benefiting from expanding their education, even after the [...]

Smart decision making part of being a leader in business

Monday, September 13th, 2010

Decision making is a critical aspect of running a business after incorporation, and good leaders demonstrate not only smart decisions, but also communicate well with team members and relish the responsibility of being an entrepreneur. Business consultant Marty Zwilling writes at the Huffington Post that while taking risk seems natural to most entrepreneurs, it shouldn’t [...]

New LLCs can take advantage of government grants, tax cuts for eco-friendly projects

Monday, September 13th, 2010

Part of forming an LLC is finding the right marketing strategy to increase revenue, but history has shown that some successful companies that produce an environmentally friendly product or service can take advantage of the many available government grants. The first energy-related act in 2005 provided $14 billion in tax deductions for eco-friendly industries, and [...]

Women leaders of LLCs send confident messages with body language

Monday, September 13th, 2010

Any entrepreneur forming an LLC knows that he or she must demonstrate leadership, and women business owners can improve their authority and confidence in a historically man’s world by following a few body language tips. Too many smiles, nodding and "head tilts" are three key body movements sometimes employed by women that can send the [...]

Forming an LLC with employees means purchasing workers’ compensation

Friday, September 10th, 2010

Following the legal procedures required when forming an LLC means filing the appropriate paperwork, obtaining business insurance and tracking income and expenses. But if there are employees of the new venture, business owners should make sure they obtain workers’ compensation coverage. Required in all 50 states, workers’ compensation insurance reimburses an employee for an on-the-job [...]