Turning a hobby into a business is tempting when there’s a market demand for your special interest. Of course operating a corporate venture is different than recreation. Here are some of the changes to adopt when you start a business around an activity that has formerly been a mere hobby.
Ideas for starting a new business are everywhere. For Suhail Doshi, the idea for his San Francisco analytics company, Mixpanel, sprang from an internship with a developer of social media applications while he was a college student.
The United States Small Business Administration has been under fire as of late with their oversight committee alleging fraud and misuse of funds. As a result some members of congress have been calling for its abolition. Whether or not the SBA will be in existence this time next year is up in the air but […]
It’s talked about all the time in political circles as well as the news media but is it true? Is America really small business friendly? Is the Federal government as well as state governments really doing enough to encourage small business growth? If it’s true that small businesses really do drive the hiring in this […]
Social gaming continues to rise in popularity and it’s attracting plenty of capital. Industry leader CrowdStar has raised $23,000,000 to double its workforce and expand globally. Despite setbacks for social gamers on Facebook, the funding proves continued interest in the industry by big investors, such as Intel Capital, Time Warner Investments, NVInvestments, and Chinese game […]
You may have heard about the IRS crackdown on use of an S corporation to avoid taxes. However, having an S corporation remains a legitimate means for a reducing taxes associated with Social Security and Medicare. Unincorporated business operations pay these taxes as the self-employment tax.
The subject of small business lending always brings with it a wealth of opinions and when politics are involved, opinions are often strong and varied. The controversy involving lending has been the same since the often called Great Recession began: Should the Federal government do more to get money in to the hands of small […]
If you are planning to start a small business in the not so distant future, you may not be aware of an expense that could seriously eat in to your profit margin. It’s call the swipe fee and it’s the subject of some recent rulings by the Fed that have some small businesses upset.