Assessing your profitability

two little boys dressed in buisness suits with money all around them with an excited expression

If you were starting an accounting or finance business, you could assess your company’s profitability on your own. But others might need a little help. Most entrepreneurs have significantly more practical knowledge about their own field than about number-crunching. That’s not usually a problem: you can retain subject matter experts to advise you on mission-critical…

Read More

How should you structure your business?

man looking down at a sign he is holding that prints "how do I start?"

It’s the same question faced by all entrepreneurs when they first start out: How should the business be structured? And if you’re thinking about forming a business entity, it’s one of the first decisions you’ll face too.At the state and federal levels, businesses are subject to regulations that affect how they are formed, how they…

Read More

Settle basic issues before starting a business

close up on the side of a man thinking with a man walking up stairs in the silhouette of the side profiled man

How much money will you need to go into business for yourself? That depends on a whole decision-tree full of variables about your plans. There’s no magic number, of course, and initial startup costs for some businesses are vastly steeper than for others. All budding businesses have one spending goal in common: to minimize startup…

Read More