Business Planning

Venmo for Business – How Can it Work for Me?

Venmo for Business: What You Need to Know 

Venmo is considered one of the most social-friendly payments splitting platforms. It was started for that very reason—two friends were looking for an easy way to pay each other back, and its positioning on social media has seen it become one of the most popular peer-to-peer payment apps. This large user base makes it a platform that small businesses should not ignore. 

Is it a good option for you? This article unpacks everything you need to know. 

Business Planning

Small Business Management Help – How to Be Successful

Small Business Management: Tips & Tricks to Help You Succeed

Starting a small business is always an exciting but nerve-wracking experience for most entrepreneurs. That’s because managing it effectively takes a lot of hard work, risk-taking, and sound business skills. 

Not every owner makes it through the crucial first years, but with the right business management help, even first-timers have a fighting chance.

That’s why today’s article focuses entirely on how to manage a small business. We’ll discuss why it’s crucial and then delve into various business management tips and tricks to help you grow your enterprise successfully.

Business Planning

What is a DBA? – Everything You Need to Know

What is a DBA?

Are you thinking of operating your business under a different name? Fortunately, it’s easy to do this and doesn’t even require you to incorporate a new company. All you need to do is to file for a DBA. 

If you’re thinking, “what is a DBA?”, then you might recognize them by a different term – trade names. It’s how one company can manage multiple brands, as many large corporations do. 

In today’s article, we’ll answer the question, “what is a DBA name?” then discuss the reasons why you need one. We’ll end with some tips on how to file for a DBA successfully.

Business Planning

Minority-Owned Business Certification – Why it Matters

Minority-Owned Business: How to Get Certified & More

Being a minority business owner used to be challenging. Most are at a disadvantage when trying to access capital, and networking opportunities were harder to come by for business growth.

Luckily, things are changing.

It’s now easier than ever for a minority-owned business to succeed, thanks to several assistance programs and government initiatives available to them. They just need to become certified as a minority business owner to benefit from these programs.

In this article, we’ll talk about how to get minority certification and what it will mean for a business owner.

Business Planning

Starting An LLC: What Are The Benefits & How to Get Started

How to Start an LLC

“Should I start an LLC?” If you’re ready to start your entrepreneurial adventure, then the answer is almost certainly yes! You will benefit from starting your limited liability corporation, or LLC for short.

There are several legal and tax reasons for which you need the protection of an LLC. We’re here to lay it all out for you in this post. But don’t worry, it’s easier than you think.

LLCs are a boon to small business owners, who find them much easier to set up than S-Corps or other traditional corporate structures. If you’re asking, “what is an LLC and how does it work?” then read on.

Business Planning

Qualified Business Income Deduction: What You Should Know

Qualified Business Income Deduction: A Tax Break You’ve Been Missing

In 2018, The US Treasury Inspector General determined that there were 900,000 tax returns that qualified for and could have benefited from the qualified business income (QBI) deduction, but didn’t claim it. That’s a lot of taxpayers who didn’t get a deduction that they deserve. You might have been one of them.

In this post, we’ll go over the basics of the QBI deduction, determine if you qualify, and other facts about this little-known business deduction. 

The QBI deduction is a business income deduction applied to owners of pass-through entities such as LLCs and S-Corps. Below we will detail how the 20% pass through deduction works and share information that will help you determine if you qualify.

Business Planning

Pros and Cons of Etsy: A Guide to Selling on the Platform

Pros and Cons of Etsy

If you’re into selling unique and rare handicrafts, Etsy should be a big part of your e-commerce strategy. With a large and passionate marketplace, it’s one of the best platforms for small craft businesses to sell in.

But before you open that Etsy store, know that it’s not for everyone. Coming in prepared is critical if you want to succeed in this busy marketplace.

In this post, we’ll talk about selling on Etsy, pros and cons of doing it, and if it’s the right strategy for you.