Before one can become an entrepreneur, one must first cease being an employee. That moment came to me two years ago, when I decided to quit my job as a sales executive and start my own business. Back then, I didn’t realize it was going to be hard to leave that one big happy family, in addition to the security of a monthly paycheck (after all, there was still the house mortgage and breast augmentation cost to

A startup can be compared to a journey. If you happen to be a Star Trek fan, it’s easy to see yourself as the novice Captain and his equally untrained crew, all setting off for unknown adventures and learning on the fly. That’s essentially how a startup venture works. In my case, here are the things I learned after a year and a half of managing my fledgling consultancy: 1) There is no such thing as a r

There are many benefits to have your LLC or corporation based from your home. The biggest benefit, of course, is the lower overhead cost: no commercial space rental. Then there’s the practically zero commute time, the ability to relax every time you feel like it, and home office tax deductible. Unfortunately, businesses that are also based at home face far more risks than businesses renting a commercial space

Post under “business foundations” When you are thinking of starting a new venture, the assumption is that you’ll succeed. No one goes into business anticipating it will go down. Not only are you optimistic of your chances of making it in the market… you are confident enough to risk plunking down your hard earned capital to jump start your venture. By now, you probably have an idea what marke

Some people dream big when starting a new business, trying to break into an industry that requires a lot more capital than others. One of these is the diet and nutritional products field, which can often demand that anyone getting into it have a lot more money than normal. After all, acquiring some of the exotic ingredients needed by those supplements isn’t going to be easy, particularly for rare ones. Even d

Some people want to go into business for themselves, but they may not have the capital to do so. Starting a venture does require a lot of capital to get going. At least, that’s if someone wants to really start from scratch. This is a daunting proposition, but not the only way to break into business on one’s own. A good, low-cost way to break into business and quit the corporate rat race is to sign up fo

There are many things that someone needs to keep in mind when starting a business, with any of them having very valid points for claiming to be the most crucial. In a limited sense, perhaps the one that carries the most weight is the financial side. Just as blood must flow in the human body, money must flow through a business if it wants to do anything other than prove to be a spectacular failure. There are also ce

A good manager knows not only how to treat his workers fair, but also how to give rewards to those who show exceptional performance. He knows the importance of showing appreciation to those who did really well by giving them more than a congratulatory note or words of acknowledgement. In today’s business climate, spending money just to express your gratefulness to a person can be costly. It can have an effect

It is no secret that even a small local business could potentially profit from having a website of its own. With the Internet becoming more pervasive and all-encompassing with each day, it has become the easiest way to reach out to potential customers without over-extending the budget. However, that would mean actually putting a website together – something that many businessmen may find daunting due to lack of e

While most people are aware of the stereotype, there are not that many who know the origins of the “cop eating a ton of donuts” cliché. According to most folklore experts, it stems from a time when a number of doughnut shops in both the US and Canada decided to save on security by offering free coffee and menu items to cops on the night shift, eliminating the need for a guard. What better security than