Legal Basics & Texas Business Entity Formation When we first started out, our company was small, nimble, and not yet interested in investors. We relied heavily on the advice of our corporate lawyer. She formed our company as an LLC to personally protect us from the liabilities of the business, and to keep our administrative
Basics of a Capitalization Table Entrepreneurship is defined as the pursuit of success, regardless of resources. For the majority of entrepreneurs out there, one resource they don’t have is cash. If your idea is good enough to pursue and you are the right person to do it, you can most likely find an investor who
You Have A Business Idea, Now What? The hardest part of becoming an entrepreneur is translating an idea into an actual business. Trying to tackle everything at once is cumbersome and entirely unrealistic, so you just need to take those first steps to start the process of turning your dream into reality. Here are some tips to help you do just
Owning a business is hard work. Before the stress of work harms your emotional and mental well-being, make sure to take these important steps to prevent burn out. 1. Adopt Good Habits Set working hours – especially if you work from home. This doesn’t only mean that you need to leave your desk and walk
At the time of writing, Google lists over 3.1 billion pages for the phrase social media, 14 billion for twitter and 19 billion for Facebook. That’s a lot of stuff to get through. But most of it is about building an audience on your Facebook page, or on your Twitter account. Much less of it
As a start-up, you are probably looking at ways that you can improve your business. Improving your existing business is needed for growth and profit revenue. If you are at a loss on how to improve your existing set-up, then it may be time to call in the experts. Of course, there are the number
Owning and managing a small business can be tough. Between assuming multiple roles, you still need to find time for self-development, and being with your family. Customer retention, marketing best-practices, and the economy itself all change so rapidly, and you need to keep up with these changes. How quickly you adapt to business evolution determines
Like any good writer, I read a lot – news sites, blog posts and books – some of it is just casual reading, but most of it is for research or ideas. A common thread among posts dealing with starting a blog, or writing blog posts, is identifying your audience. While this is important, especially
We asked several investors about what specific strategies entrepreneurs need to employ when raising capital for their business. Most people who sent in their responses were experienced investors who had invested in several businesses or experienced entrepreneurs who had raised financing for their businesses in the past. This is a list of some of the Strategies
If you run a chiropractic practice, you will want to build up a network of happy and satisfied clients who will keep on coming back to you again and again, as well as entice new clients to give your services a try. One of the most important things that will help you ensure your success
If you’re new to the world of online marketing, you’re probably missing out on a number of lucrative avenues that could seriously affect your level of success. While some people think building a website and paying for lots of advertising is the way forward, in my own experience, this isn’t usually the case. In fact,
This is Billionaire Mark Cuban’s advice for entrepreneurs in one of the most eye opening interviews of 2019, revealing business and life lessons he’s never told before! Mark Cuban is an American businessman and investor with a net worth of over 4 billion dollars. He is the owner of the NBA’s Dallas Mavericks, co-owner of
Deciding that it is time for your business to get a website can be a challenging period. If you are not technologically savvy, then where do you start? And even if you do understand the inner workings of the internet, how do you know who the right person to develop your website is? If you
Recently there has been a lot of talk about the far-reaching consequences social networking sites like Facebook can have on people’s lives: people’s real lives. Online interaction, especially on social networking sites like Facebook, could have significant ramifications on your life offline. You may often get carried away and your ‘online’ personality could brag and
Rather than give you a big book on this….. Let’s just cut out all the FAT and get you money. Here are 5 ways to raise capital for your projects. Crowdfunding Social Media Peer Peer Lending Venture Capital Angel Investors Crowdfunding Kickstarter, Indiegogo, and Kiva are all great sites to raise money for your projects..
Maybe it’s time to relocate your office or offer relocation to job candidates. Sometimes it’s difficult to find employee candidates in the same geographic area as your company. You have a few options when this happens. You can have distributed teams where employees work remotely. You can move your company offices to a more populated
Employment relationships are presumed to be at-will in Texas. When employee turnover becomes costly, or a particular employee would create exceptional value in the company, a contract is often written to retain the employee. A contract, when dealing with low-level employee turnover, may consist of no more than a one-page form describing duties, expectations, and
Many startups do not have employees. They have contractors. Benefits of hiring contractors over employees include saving time and paperwork. Another benefit is significantly lower operating costs. According to an evaluation report from the Office of the Legislative Auditor, State of Minnesota, “mandatory costs, including federal employment taxes, workers’ compensation insurance premiums, and state unemployment
Employee separation is usually implemented by an employee resigning, or by the employer firing or laying off an employee. There are other separation situations such as constructive discharge and retaliatory discharge. In each setting, you want to proceed with caution. In this article, I will explain the differences in these terms and offer some tips
interviewing is a primary step in the hiring process and should not be done carelessly. This article describes different methods for interviewing and offers information on avoiding liability. Before the Interview Before you hold an in-person interview, make sure you pre-screen the candidate to maximize hiring efficiency. Interviewing Methods There are a few types of