When you have a successful ecommerce store, it’s inevitable that your mind begins to turn to new ideas. Given that you seem to have made a hit in the online world of retail, you might wonder if perhaps there is a future in physical retail for you? It’s easy to see why physical retail is attractive, especially if you have tried and succeeded with ecommerce. There are still huge swathes of the population that prefer to buy items in a store, which means there potentially millions of customers that you current online store isn’t ever going to be able to capture. Given that you’ve made it in the ecommerce world, just how much different could it be to run a physical retail store? Is Purchasing Stock Different? The actual purchasing of the stock is not particularly different for … [Read more...] about From Ecommerce To A Physical Store: Is It Possible?
Archives for October 2017
It’s easy to forego a tax professional in favor of saving money, but is it worth it? As your life changes, so do your taxes. If you fail to file or make a mistake on your return, the costs can be huge. A tax expert can help you overcome obstacles, get out of debt, and take advantage of deductions on your tax return. Below are eight reasons you should consider hiring a professional. You Made Mistakes on a Previous Return When life gets busy, it’s easy to rush through tax returns and make mistakes. If you find errors on a previous return or the IRS has notified you of a discrepancy, it’s in your best interest to hire a tax preparer. If you catch a mistake within three years, you have the opportunity to amend the return and prevent damage. A tax preparer can … [Read more...] about 8 Reasons to Hire a Tax Professional
How much do you think about your office furniture? Like most business owners, the answer is probably: “not a lot”. Of all the things that a small business owner has to think of, the worry about office furniture is fairly low down the list of priorities. When you have got the furniture in place, then you just don’t think about it anymore-- it’s natural. There’s no arguing that your office furniture being low priority is a fine, even sensible, business practice. However, there’s also no arguing that office furniture isn’t an expense. It costs a small fortune to outfit an office, especially an office that has to accommodate a number of employees. If you fail to take appropriate care of your existing office furniture, then replacement is an expense you’re going to have to keep bearing … [Read more...] about Office Furniture Foibles
Applying for a business loan can be a notoriously time-consuming and stressful process. With the number of small business loans falling dramatically, more businesses are turning to online lenders for the financing needs. According to market reports, online lending is growing fast and becoming the go-to option for getting small business loans. If you’re considering applying for a business loan online, there are various things you should know. While the process of applying for online loans may seem easier than traditional loan application, there are a few basic things you should know before applying. How Much Do You Want to Borrow? When applying for a business loan, there’s often a temptation to borrow more money than you actually need to finance your business. You have to decide … [Read more...] about Applying for Business Loans: What You Should Know
Your clients need a CPA they can trust, and that trust has to be earned. Invest a little extra time and energy to ensure they receive the biggest tax return possible this year and watch your business develop naturally. By getting your client a number they’re dazzled by, you’re sure to retain their future business. They best form of marketing is personal testimony, and if they’re impressed by your work, they are likely to refer your services to their friends and family. Check these boxes to make sure you’re generating huge returns this year. Deductions and Write-offs This sounds like a no-brainer, but check thoroughly for all deductions on your clients’ tax returns. Don’t stop at deducting college tuition fees; use a Form 1098-T to deduct the cost of computers, books, software, … [Read more...] about How to Get Your Clients the Biggest Return this Tax Season
Something people in business always talk about is ‘entrepreneurial spirit’. Some people say that you have to be born with this spirit to succeed in business, but this isn't in the slightest bit true! You can actually awaken your own entrepreneurial spirit if you're determined enough. Many people started out with very little knowledge, and now have their own empires to show for the work and effort they put in. Here are a few tips you can use to build your own entrepreneurial spirit, mindset, whatever you want to call it! Find Your Passion If you’re going to develop an entrepreneurial spirit, you’ll find it a lot easier if you know what your passion is. Now, don't make the same mistake so many people do and assume that you need to find what it already is, or wait for it to come … [Read more...] about Entrepreneurial Spirit: Are You Born With It, Or Do You Build It?