Minority Entrepreneurs

Many people place a negative spin on the notion of accountability. For them it’s something that only comes up when something goes wrong or expected results just don’t happen. But accountability is really much broader than that and encompasses the good as well as the bad. For example, people are also accountable for successes.

AccountabilityAccountability is essential to a successful business. Someone must be responsible or “answerable” for everything that happens, in one way or another. If nobody’s responsible, then nothing really gets done, problems can’t be fixed and innovation can certainly never happen.

About the Author

Daniel Kehrer, Founder & Managing Director of BizBest Media Corp., is a nationally-known, award-winning expert on small and local business, start-ups, content marketing, entrepreneurship and social media, with an MBA from UCLA/Anderson. Read more of Daniel's tips at www.BizBest.com, follow him at www.twitter.com/140Main and connect on LinkedIn at www.linkedin.com/in/danielkehrer.

Pinpointing ways to save money for your business is a good thing. It helps you instill a lean operating mentality and creates discipline to put every dollar to work in the most efficient manner. 

Anyone who’s ever bootstrapped a business knows all about the art of doing more with less. Stretching budgets can be a survival skill that keeps you always looking for ways to save a buck.

About the Author

Daniel Kehrer, Founder & Managing Director of BizBest Media Corp., is a nationally-known, award-winning expert on small and local business, start-ups, content marketing, entrepreneurship and social media, with an MBA from UCLA/Anderson. Read more of Daniel's tips at www.BizBest.com, follow him at www.twitter.com/140Main and connect on LinkedIn at www.linkedin.com/in/danielkehrer.

Connections. Everyone in business knows they’re important – even vital to success. And everybody has connections of one kind of another. The key is to put those connections to work in ways and places that really count.

One thing that sets the most successful small businesses and startups apart from all the others is their ability to connect. If you can build strong relationships and connect with clients and customers, your business will almost certainly grow.

About the Author

Daniel Kehrer, Founder & Managing Director of BizBest Media Corp., is a nationally-known, award-winning expert on small and local business, start-ups, content marketing, entrepreneurship and social media, with an MBA from UCLA/Anderson. Read more of Daniel's tips at www.BizBest.com, follow him at www.twitter.com/140Main and connect on LinkedIn at www.linkedin.com/in/danielkehrer.

While all charities are nonprofits, not all nonprofits are charities. 

While all charities are nonprofits, not all nonprofits are charities. Here, you’ll find the primary differences between the two:

About the Author

Drake Forester, Chief Legal Strategiest - Northwest Registered AgentDrake Forester is the chief legal strategist at Northwest Registered Agent, LLC. Throughout his career, Drake has researched many complicated nonprofit compliance issues and provided whitepaper and publications for many leading nonprofit organizations in the United States.

Do you want to start a business in order to help your community at large and benefit society in some way? If these are your goals, it is wise to consider a nonprofit business entity. Before starting a nonprofit, it is important that you have the right frame of mind to operate one. A nonprofit requires a lot of time, energy, vision, and talent, and a strong desire to reach the nonprofit’s goals. 

Forming your company as a nonprofit corporation has a number of benefits if your end goal is to benefit a group or the public at large:

Tax benefits

: Many nonprofits are able to apply for 501c3 tax-exempt status, which exempts them from federal corporate tax. Once 501c status is obtained, then generally there are also state tax exemptions, such as state income tax and franchise tax, which nonprofit corporations may be exempt from paying as well.

About the Author

Drake Forester, Chief Legal Strategiest - Northwest Registered AgentDrake Forester is the chief legal strategist at Northwest Registered Agent, LLC. Throughout his career, Drake has researched many complicated nonprofit compliance issues and provided whitepaper and publications for many leading nonprofit organizations in the United States. 

Ask SCORE

            I recently purchased a children’s daycare center. The previous owner did not treat the staff well, and my top priority is to correct that situation. How do you suggest I accomplish that?

About the Author

            This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly 70 current and former business executives available to provide free, confidential, one-on-one business mentoring and training workshops for area businesses. Call 603-666-7561 or visit merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S. Small Business Administration.

Nearly everyone who has ever started a business has underestimated the costs, and then faced the danger of running with inadequate capital reserves. The key to avoiding this pitfall is to adopt a rigorous approach to your research and planning.

This startup expenses worksheet will lead you through the process.
 

EXPENSES

The holiday season is upon us and with it the frenzy and joy of holiday profits.

According to eMarketer, U.S. retail ecommerce sales will grow more than 15 percent this year to $61.8 billion, up from $53.7 billion in the 2012 holiday season and $46.6 billion in the 2011 holiday season. Are you ready to take your share? Or more important, is your website ready?

The holiday season is upon us and with it the frenzy and joy of holiday profits. According to eMarketer, U.S. retail ecommerce sales will grow more than 15 percent this year to $61.8 billion, up from $53.7 billion in the 2012 holiday season and $46.6 billion in the 2011 holiday season. Are you ready to take your share? Or more important, is your website ready? Here are four things to check are in order:

About the Author

Rieva Lesonsky, Co-Founder GrowBiz Media and SmallBizDaily.comRieva Lesonsky is CEO of GrowBiz Media, a media company that helps entrepreneurs start and grow their businesses. Follow Rieva at twitter.com/rieva and visit her blog at SmallBizDaily.com.

Visit her website SmallBizTrendCast to get the scoop on business trends and sign up for Rieva’s free TrendCast reports.

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