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Business Formation – Choosing a Business Entity

In the process of going through your Business Plan, you will need to begin thinking through how you want your business set up and what business entity you will be using. This post is designed to give you an overview of choosing a business entity that is right for your business. This is not specific advice that I recommend you going forward with without first consulting an accountant, lawyer, or … [Read more...]

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Passion – Building a Sustainable Lifestyle

Friday again... the day when I take a step back from the details and work of the week to gain a better perspective on where I am and where I am going. Hopefully this will help you take that step back as well to examine your life and work and determine whether or not you are heading in the direction you desire. I was blessed to be able to spend some time over the past few days with a dear friend … [Read more...]

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Marketing – Plugins For WordPress

Last week I encouraged you in building your website by getting some basic content set up in order to have something to bring people to. Before going out and looking for traffic and engaging in social media, I would recommend adding some useful plugins for WordPress your site to help you manage your website, track visits, and link to search engines and social sites. These are plugins I currently … [Read more...]

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Before Payroll Part 4: Employee Payroll Documents

Last week I helped you get your payroll account applications set up for your business. Today I want to review the employee payroll documents you will need to have your employees fill out in order to process payroll correctly and be in compliance with regulations. The forms that you are required to keep on file are the IRS W-4 Form, the USCIS I-9 Form, and State W-4 Form. Optional documents that … [Read more...]

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Accounting Basics Part 3: How to Enter Opening Balances in QuickBooks

Continuing on from last week when we set up the Chart of Accounts, this post will help you understand how to enter opening balances in QuickBooks. This post will carry on from the prior post, so if you aren't at this point, view the previous posts under the Accounting category to catch up. The idea behind setting up the opening balance is that you have started your QuickBooks file as of a certain … [Read more...]

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Business Formation – Business Plan Template

So you are at the point where you know you want to start a business, you have an idea, and you are wanting to move forward. What next? Today I will review one of the resources I have shared with you in the Tools and Resources section - Score.org's Business Plan for a Small Business Startup. This is a business plan template that I found immensely helpful in that it poses multiple questions in each … [Read more...]

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Passion – Understanding Intrinsic and Extrinsic Motivation

There is a lot of discussion about motivational theories among the business community. Most all of these theories and discussions revolve around how to motivate your employees to work harder and reach the goals set by the company. I have studied these theories at length and find most of them manipulative and frustrating as they all center on what is best for the company, but not what is best for … [Read more...]

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Marketing – Building your Website

Last week I encouraged you to add WordPress to your domain and hosting with HostGator, and today I would like to help you take the next step in building your website. The most important thing for you to do once you have WordPress installed is to begin building some pages and content about your business. I say this is the most important thing because all of the bells and whistles, advertising, … [Read more...]

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Before Payroll Part 3: Payroll Account Applications

Last week I talked about considering the cost of an employee before you begin payroll. If you didn't quite catch everything in that post, don't worry because the first time you file a quarterly payroll tax return you will understand. This week I am getting beyond trying to work without employees and am assuming from here forward that you are going to or have begun paying employees. Today I will … [Read more...]

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Accounting Basics Part 2: Chart of Accounts in QuickBooks

Last week I discussed the accounting equation and how it laid the foundation for data entry, accounting for each transaction, and building the financial statements including the Balance Sheet and Income Statement. The next step I would like to introduce in helping you understand basic accounting, QuickBooks, and the financial statements of your business is the Chart of Accounts in QuickBooks and … [Read more...]

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