Month: March 2014

Why you need a Federal Tax ID Number

March 31, 2014

If you're just starting a business, there are several important steps you must take to make sure your business is in compliance with government requirements. One important step is to obtain your Employer Identification Number (EIN), which is also known as a Federal Tax ID Number. This is the nine-digit number that is assigned to your business for tax purposes. This number is used by the... Read More

Small business success: tips to get started

March 27, 2014

Starting a business can be as exciting as it is challenging. Entrepreneurs face a lot of risk and uncertainty, especially in the initial days of starting up. Fortunately there's a lot of opportunity for those willing to take the risk to start their own business today. Having the right knowledge can help prepare you for success when you're just starting out.

First, it's a... Read More

Things to consider when forming an LLC

March 26, 2014

Created under state law, an LLC affords the protections that keep you safe from personal liability. The benefit of this is that your business can receive the same limited liability protections a corporation receives, but it is an easier process to attain LLC status and an LLC offers the flexibility of a partnership. If you are thinking about forming an LLC, here are some considerations ... Read More

Big companies can learn a thing or two from startups

March 25, 2014

It might seem counterintuitive that a big company would be interested in being more like a smaller company, especially when startups are striving to reach that higher level of success. So, what are startups doing that bigger companies should emulate?

A recent article in Entrepreneur discusses the idea that bigger companies, while they may have greater resources, more employees and tech... Read More

For small businesses, hard work can get you everywhere

March 24, 2014

When running a small business, many entrepreneurs have the goal of eventually selling their product to a big company. But how do they reach this goal?

The Associated Press recently reported that many small business owners accomplish their goal of being picked up by larger companies by doing things the old-fashioned way. This means lots of traveling and face-to-face meetings with compan... Read More

Incorporation can help your business succeed

March 19, 2014

When it comes to starting a small business, there's a lot of ground to cover, and you will inevitably find yourself doing a lot of work just to get started. While your to-do list may already be overflowing, it's important to be aware of the important things you may not be doing that could spell trouble for your business.

According to a recent SmallBizTrends.com article, 8 out... Read More

How to demonstrate the value of your startup idea

March 13, 2014

At the heart of every successful company is a great idea. However, just having the right suggestion isn't enough to ensure that your business is going to flourish. Before you can take the step from theoretical into actual, you have to demonstrate the value that your idea will add to people's lives, and why they would be inclined to support you. In other words, you have to able to a... Read More

Asking the right question can be a critical part of startup success

March 11, 2014

With hindsight, it can be tempting to presume that successful businesses were simply lucky enough to hit the right market at the right time. Or to assume that they had an insurmountable information advantage, and the ability to process data more effectively than their competitors. It's easy to think that it was a matter of having impressive connections, or networking properly, or design... Read More

South by Southwest event highlights Latinos in tech

March 10, 2014

Every year, Austin's South by Southwest (SXSW) is humming with activity. One of the biggest annual conferences, it blends marketing, film, music and tech, and brings together a wide range of people interested in discussing and learning about those subjects. 

For Hispanic entrepreneurs, this year's l... Read More

Pequeñas empresas hispanas les fue bien el año pasado según TD Bank

March 10, 2014

Cuando se trata de nuevas empresas, aquellas perteneciendo a hispanos están prosperando: desde el año 2002, esa cifra casi se ha duplicado, pasando de 1.7 millones en ese año a 3.2 millones en la actualidad. No sólo eso, las empresas cuyos dueños son hispanos están superando fácilmente el mercado en su totalidad, con una tasa de crecimiento an... Read More