Succeeding in Your Business from Creators Syndicate Creators Syndicate is an international syndication company that represents cartoonists and columnists of the highest caliber. en Fri, 23 Mar 2018 09:07:51 -0700 Succeeding in Your Business from Creators Syndicate f12d414fba96a9e84b7b04363a7446e3 Getting -- and Keeping -- the 'One-Percent Edge' for 03/20/2018 Tue, 20 Mar 2018 00:00:00 -0700 <p></p><p>Dozens &#8212; if not hundreds &#8212; of small business how-to books are published each year. Most of them aren't worth reading, and some merely rehash the same old ground over and over again; they're as useful as a refresher course, but that's about it.</p> <p>Whenever Susan Solovic puts pen to paper, the result is a must-read. The columnist, media celebrity and author of several best-selling books for entrepreneurs including "It's Your Biz," talks about small business success in a way nobody else quite does. Even after almost 40 years working with startups, I learn new things from Susan every time.<p>Updated: Tue Mar 20, 2018</p> fd59258178328ea85d9e21baf428f45c Dealing With Taxes When You Sell Your Stock for 03/13/2018 Tue, 13 Mar 2018 00:00:00 -0700 <p></p><p>"I invested in a small business corporation several years ago. The investment hasn't worked out the way I thought it would, and now I'm looking for the exit door.</p> <p>"Is there any way I can recoup some of my investment by taking a deduction on my taxes?"<p>Updated: Tue Mar 13, 2018</p> c17d3a79de2ebfd341c9cadad705fe46 Initial Coin Offerings: Are They Legal? for 03/06/2018 Tue, 06 Mar 2018 00:00:00 -0800 <p></p><p>It seems like only yesterday &#8212; wait, it WAS only yesterday &#8212; we were trying to wrap our brains around cryptocurrencies like bitcoin and Ethereum. </p> <p>It seems like only this morning &#8212; wait, it WAS this morning &#8212; we were trying to figure out what a blockchain is all about.<p>Updated: Tue Mar 06, 2018</p> d390ed1d7d0474206c02d330d54df18c Business Tips for Artists for 02/27/2018 Tue, 27 Feb 2018 00:00:00 -0800 <p></p><p>"My husband is a famous artist but isn't really good at the business side of things. I've just retired from a corporate job and want to help him out.</p> <p>What's the best way to set up a business like this one, and what are some of the things I need to know about to help him?"<p>Updated: Tue Feb 27, 2018</p> dae67b2cd5550f45873cc5c63b8f7933 Selling Online? You Soon May Have to Pay Sales Tax for 02/20/2018 Tue, 20 Feb 2018 00:00:00 -0800 <p></p><p>A case pending before the U.S. Supreme Court this spring may overturn 25 years of precedent and allow states to tax people selling goods and services on the internet (including those who sell on eBay, Amazon, Etsy and other web-based retail platforms) even if they don't have a physical location within the state.</p> <p>The case &#8212; South Dakota v. Wayfair Inc. &#8212; deals with a 2016 South Dakota law requiring certain out-of-state vendors to register and pay sales tax in South Dakota if the following conditions are met:<p>Updated: Tue Feb 20, 2018</p> a821ef171c638d5071fb37500e27e70d Before You Sell Your Website: Part 2 of 2 for 02/13/2018 Tue, 13 Feb 2018 00:00:00 -0800 <p></p><p>If you have spent years building a successful business on your website and social media pages, sooner or later you will think about selling it. But selling a web-based business is different &#8212; a lot different &#8212; from selling a brick-and-mortar business.</p> <p>Here is a checklist of the things you should be doing to get your website ready for sale. <p>Updated: Tue Feb 13, 2018</p> e1c702b2400dd9bfd0fd5673967b5ead Before You Sell Your Website: Part 1 of 2 for 02/06/2018 Tue, 06 Feb 2018 00:00:00 -0800 <p></p><p></p><p>If you have spent years building a successful business on your website and social media pages, sooner or later you will think about selling it. But selling a web-based business is different &#8212; a lot different &#8212; from selling a brick-and-mortar business.<p>Updated: Tue Feb 06, 2018</p> 72208e31c910e15aef1dc8f8d715df87 Even More Tax-Law Changes Affecting Small Businesses for 01/30/2018 Tue, 30 Jan 2018 00:00:00 -0800 <p></p><p>By now, you're probably sick and tired of hearing about the Tax Cuts and Jobs Act of 2017. I know I am.</p> <p>Previous columns have dealt with the two biggest changes brought about by the law:<p>Updated: Tue Jan 30, 2018</p> 64dc1dda626965a854ce8c7c6e0f89e3 Does Your Small Business Qualify for the 20 Percent Deduction? for 01/23/2018 Tue, 23 Jan 2018 00:00:00 -0800 <p></p><p>If you're like most small-business owners, you are scratching your head trying to figure out the new small-business tax deduction.</p> <p>The Tax Cuts and Jobs Act, which went into effect Jan. 1, offers a 20 percent deduction for "pass through" entities, such as partnerships, limited liability companies and subchapter S corporations. <p>Updated: Tue Jan 23, 2018</p> 7e717bd34bbfb41f9698dc682072916f A Really Great Book and a Really Fine Wine for 01/16/2018 Tue, 16 Jan 2018 00:00:00 -0800 <p></p><p>In my 38 years of representing entrepreneurial companies and small businesses, I have learned there are three essential business skills everyone needs to master if they are to grow a business of their own:</p> <p>&#8212;Selling.<p>Updated: Tue Jan 16, 2018</p> b608cdc8ea708c1f9fe06ddc5c436b09 Miracle Diet Plans for 2018 That Really Work! for 01/09/2018 Tue, 09 Jan 2018 00:00:00 -0800 <p></p><p>There's a lot of stuff going on in the world of small business right now: the new tax law, changes in the way web-based businesses are regulated, Amazon taking over the world. </p> <p>But let's be honest. Right now, all anyone is thinking about is losing weight &#8212; the No. 1 New Year's resolution of all time.<p>Updated: Tue Jan 09, 2018</p> 3bdc929674031bf618d0237b7bb57047 Choosing the Right Legal Entity Under the New Tax Law for 01/02/2018 Tue, 02 Jan 2018 00:00:00 -0800 <p></p><p>It's official.</p> <p>Except for a handful of provisions that have later effective dates, the nearly 1,100-page Tax Cuts and Jobs Act is now the law of the land.<p>Updated: Wed Jan 03, 2018</p> 42544cf318a140f8e07a7645f0052d95 Retail Arbitrage May No Longer Be Legal in Europe for 12/26/2017 Tue, 26 Dec 2017 00:00:00 -0800 <p></p><p>More than 2 million Americans make a full-time or part-time living selling merchandise on eBay, Amazon, Etsy and other online retail platforms.</p> <p>For many smaller sellers, this activity takes the form of retail arbitrage: buying merchandise at retail from brick-and-mortar stores and then reselling it online for even more money. If you have ever been in a store and watched people (other than employees) scanning merchandise on their smartphone, that is what they're doing.<p>Updated: Tue Dec 26, 2017</p> 2bb8edee23d1e1bf0a4aa8d2a5ea5078 Regulation Is Coming to the Internet for 12/19/2017 Tue, 19 Dec 2017 00:00:00 -0800 <p></p><p>The single most significant historical event in my lifetime is not the assassination of President John F. Kennedy, the 1969 moon landing, the social upheavals of the 1960s or the rise and fall of rock 'n' roll. It is the advent of the internet in the early 1990s.</p> <p>It is difficult for any of us baby-boom geezers to remember what the world was like before the internet (heck, it's hard for most of us to remember what we had for breakfast, but that's another story). The internet was a technological change of truly historical proportions. I predict historians 100 years from now will view our era in the same way historians now view the Industrial Revolution of the 1800s.<p>Updated: Tue Dec 19, 2017</p> 90df55b5fc4adbf05e4efee9b3e823f0 Fame Is Fleeting, So Write a Christmas Song for 12/12/2017 Tue, 12 Dec 2017 00:00:00 -0800 <p></p><p>I try to avoid writing seasonal or holiday-themed columns, but I couldn't resist the temptation this year.</p> <p>I was shopping at a local mall (yes, they still have those) for several hours the other day. The background music was piped in from a local radio station that mixes Top-40 hits with holiday classics.<p>Updated: Tue Dec 12, 2017</p> 11a968d7aeae7cb092c885047ea44c9f Dealing With Fear When Starting a Business for 12/05/2017 Tue, 05 Dec 2017 00:00:00 -0800 <p></p><p>"I was laid off from a corporate job a couple of years ago.</p> <p>"I tried finding another job, but there was nothing out there for someone older than 50.<p>Updated: Tue Dec 05, 2017</p> 8d4fee801d3d0139c435c20950bd32b9 Giving Your Lenders a Piece of the Action for 11/28/2017 Tue, 28 Nov 2017 00:00:00 -0800 <p></p><p>"We started a tech company last year and are getting ready to launch our first product. To do so, we will need to borrow $200,000 from friends and family.</p> <p>We have been told to structure this as a loan, but we want to give our family members a piece of our future growth if the company is successful. What are the various ways to do that? We don't want to set this up in such a way that it puts off venture capital investment down the road."<p>Updated: Tue Nov 28, 2017</p> 0008ac60957610e1ee4894b2cd58e753 Royalty Financing: The New Thing in Venture Capital for 11/21/2017 Tue, 21 Nov 2017 00:00:00 -0800 <p></p><p>"I have a successful retail business that I want to take online with a killer website and a social media marketing campaign on Facebook and Twitter.</p> <p>"The problem, of course, is money. I need to raise $100,000 to build the website and launch the campaign, but am having trouble finding the money. My business has strong cash flows, but has never officially shown a profit. There aren't a whole lot of tangible assets in this business, and I don't have tons of equity in my home, so most local banks won't even talk to me. And I'm not really willing to give up 50 percent of my company to a venture capitalist.<p>Updated: Tue Nov 21, 2017</p> 7f00e4ae31296dbeb36dc6990010b96d Delegating the Right Way: Part 2 of 2 for 11/14/2017 Tue, 14 Nov 2017 00:00:00 -0800 <p></p><p>Once you have made up your mind that it's time to start delegating to other people and growing your business, and once you've decided on what to delegate, only three questions remain:</p> <p>&#8212;To whom do you delegate?<p>Updated: Tue Nov 14, 2017</p> a2716c901fa4ac6543817082f13886c5 Delegating the Right Way: Part 1 of 2 for 11/07/2017 Tue, 07 Nov 2017 00:00:00 -0800 <p></p><p>One of the hardest things company founders, entrepreneurs and self-employed professionals can do is get out of their own way and allow their businesses to grow without them.</p> <p>And there is one &#8212; and only one &#8212; way to do that: delegating to others.<p>Updated: Tue Nov 07, 2017</p>