K. MacKillop, a serial entrepreneur with a J.D. from Duke University, is co-founder of LaunchX LLC. The LaunchX System, a five Unit series of step-by-step startup procedures, key business software, and marketing reference books, is designed to assist entrepreneurs in developing a business idea into a successful company. Take the free Business Readiness Assessment and get on the road to business startup today.
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One of the most frequent questions of owners of new businesses that are organized as LLCs is how the owner actually gets paid. Current IRS rules allow for several options, both for how you are paid and how those payments are reported to the IRS.
An important consideration when starting a business is to be sure that your business matches your personal work style. When your business style and your work style are complementary, it is far easier to make your business startup successful.
There are several types of expenses relevant to small business, and it is important for any entrepreneur to fully understand the distinctions among them. Nearly every type of expense reduces your overall profit, but if your business is taxed as an S-Corp or C-Corp, some can also be deducted from...
When your customers go looking for you on the internet, how do they find you? One of the keys to web-based marketing is optimizing your website for the search engines. By spending a few hours per week on those SEO methods, over time you can get your business's website a...
If your startup is making environmentally sound decisions, going green should be an integral part of your marketing plan. Consumers are becoming more aware of green standards, and identifying your company as an environmentally friendly resource will enhance your image and, possibly, your bottom line. Recent studies have shown that more...
Many modern startups have a broad range of choices about how to distribution their products. Consider all three factors -- your product, your customers, and yourself -- before deciding the best routes for your business.
Whatever type of business you are starting, there are steps you can take to join the ranks of the environmentally-friendly and energy efficient workplaces. Going green is not just a socially-conscious decision - it can also save your business money and attract customers concerned with environmental issues. A good environmental...
When you get down to it, there are hundreds, maybe thousands, of tools, resources and specific pieces of knowledge every business owner must have to succeed. Once you have a potentially viable business idea in mind, most of the other needs can be put into five categories. 1. Knowledge and Skills Successful...
The American government, at all levels, spends billions of dollars per year on everything from spy planes to pencils. Just about every purchase requires a government contract, and most government agencies require that a portion of these contracts be set aside for small businesses. Getting on board with federal, state,...
Most people are familiar with the 4 Cs of diamond quality, but are you familiar with the five Cs of business startup success? Keep these five things in mind while starting a business. 1. Courage -- Starting a business is not for the faint of heart. Successful entrepreneurs are not afraid...

