Wednesday, December 17, 2014

How to Set the World on Fire

You've got dreams and big ideas. You look around at the rat race and you've decided there will be one less rat. You're not slaving away for someone else. If you are going to put your time and effort into something, it had better be your own. You're ready to hit the ground running with your business of your own. The main question is where to start.

Do Your Homework
Figure out what you want to do. What are you good at? Where do your interests lie? What skills and talents do you have? You also want to figure out where there is a need. From that point, scope out the area and decide where your business concept will make a good fit. You can consider going with a business model that has already been tested, such as a Cold Stone Creamery franchise, or branch out into the unknown. Once you've made sure all of the details are falling into place, you can move forward.

Choose the Ideal Location
So many businesses fail because they do not opt for a sensible location. If you are in a secluded spot, or it is too hard to get to your business, you can expect profits to drop. On the other hand, a location that is glutted with competitors could squeeze you out. You need an appealing location that will draw consumers your way, while you still have enough breathing room. Affordability is key as well.

Pay Your Way
Your business isn't going to fall into your lap. You'll need startup money. Unless you have a rich benefactor, it means going to the lenders. Whether you go to a broker with a primary focus on businesses or you turn to the banks, make sure you do some comparison shopping. You need to get the best rates and terms before you actually sign any documents. The only way you are going to thrive is if you make a profit. You can't let your earnings be eaten by your monthly payments.

Stand Out
Once you open the doors, you want them to stay open. That means you have to offer your customers a reason to come in. From exciting promotions to an extraordinary presentation, make your business so appealing that people won't be able to resist. They will be back for more.

Wednesday, December 3, 2014

Crunching The Numbers

Crunching The Numbers

Numbers and organization are two key components to a tax preparation business. If you have these skills, then you can learn how to start a tax preparation business from your home or a small office.

If you haven't worked for a tax company before, then you might need a little training before starting your own business. Most tax offices offer courses over a few weeks so that you can learn the basics. You will learn all about the forms that are used as well as tax deductions and credits. Sometimes, the IRS will offer courses that are free, but many of the offices will charge you a small fee for the books that are used. After you are comfortable with the materials, you need to find out about any licenses that you need for your business and how to register the business name. You need an area that has plenty of space for a desk and file cabinet as you will likely keep the files of your clients until the next year. Some of the things that you will need include a computer, plenty of paper, envelopes and labels. A software program is a good idea to help you with preparations if you don't want to do everything by hand on the forms. Set a schedule for your clients to come to the office, and try to give plenty of time between each person so that you can address any concerns.