Welcome to the SCORE Small Business Success Blog, where small business experts and mentors share tips, discuss trends, and provide advice on a wide range of topics affecting entrepreneurs in every industry.
Tax time is around the corner for most people (March 15 for S Corps and partnerships, April 18 in 2022 for sole proprietorships, single owner LLCs, and C corps). You want to make sure you file by the due date and get all the possible deductions without getting audited. Sharon Eason of Chase, Eason, & Associates, Inc. provides some tips on best practices on filing.
Having good bookkeeping practices means more than collecting payments and storing your receipts. It’s about knowing the financial health of your business so that you can make smart decisions that lead to a thriving operation. One reason why businesses fold is because many owners aren’t keeping good track of their numbers. To avoid that, here is some advice given by Phyllis Johnson, owner, and CEO of PKJ Consulting that will help you make sure you manage your books well.
Starting a business is no easy task. As fulfilling as it may be to have something you create enter the marketplace, there are a number of steps you should take to make sure your business will succeed. Before you take the leap into entrepreneurship, make sure you have a few things down.
You have a product or service you want to sell. Ofcourse you want to sell it at the right price. Here are a few things you should know to get your pricing right.
If you love fashion and decide to open your own retail clothing store, SCORE Westchester mentor Fred Krawchick has one message for you: It. Is. Not. Easy. It may not be the message you want to hear, but it’s probably the message you need to hear before diving in.
Ask A Mentor: Ira Dansky on Four Legal Issues to Deal with Before You Start a Small Business
So, you want to start a website for your business. Great. You may have already figured out what platform you’re going to use to build it or which company you’re going to pay to host it. Before you go any further, have you done a competitive market analysis? If you’re staring blankly after reading that last part, don’t worry, you’re not alone.
If you want to be a thought leader, you’ve got lots of company. Who doesn’t want to be respected for their work, knowledge, and insights, while being the “go-to” person or organization when journalists are seeking an expert, clients are seeking help, and customers seeking a supplier?