The Truth About Why Draws and Distributions Are Non-Taxable

Draws and distributions are simply a mechanism that allows owners to take out excess cash from the business. In pass-through entities, there are no tax consequences for doing either an owner draw, distribution, or a cash infusion in the normal course of business. This concept often creates a level of confusion for founders not versed in a few basic principles of accounting.

Click here to learn the basic accounting principle s around draws and distributions »

Small Business Stories – Pick of the Week August 19th, 2017

This week’s top stories include information covering the following four topics:

– 8 Reasons You’re Not Getting Any Website Traffic (And How To Fix It)
– 4 Reasons ‘Dabbling’ Is Likely Not Enough to Succeed At a Side Business
– How To Network On Instagram DM
– 4 Things I Wish I Knew Before Starting a Small Business

Each week we scour all the top business-related magazines and newspapers for articles with the best advice for the small business owner, so you do not have to.

Click here to read this weeks small business stories »

Small Business Stories – Pick of the Week August 12th, 2017

This week’s top stories include information covering the following four topics:

– The Psychological Risks of Being a Solopreneur (and How to Deal With Them)
– How to Make a Fortune With $100
– One Person Stands Between You and Your Best Customers: The Receptionist
– 23 Actionable Tips for More Blogging Success

Each week we scour all the top business-related magazines and newspapers for articles with the best advice for the small business owner, so you do not have to.

Click here to read this weeks small business stories »

Watch the Leader and Profit by Capitalizing on Their Mistakes

It is often far better to see what the market leader is doing and just be a little different in your value proposition. Being the first to market means you will make lots of costly mistakes that your competitors can learn from and then capitalize on at your expense. Keurig and Xerox were not the first movers but today they dominated their markets by capitalizing on the dominant players mistakes..

Click here to learn how to capitalize on the leaders mistakes. »

Small Business Stories – Pick of the Week August 5th, 2017

This week’s top stories include information covering the following four topics:

– Are You Selling Something Nobody Wants to Buy?
– 4 Simple Techniques to Hone Your Message
– The 5 Business Start-Up Distractions You Need To Avoid
– Want to Take Full Advantage of Social Media? Stop Thinking of it as One Big Sales Pitch

Each week we scour all the top business-related magazines and newspapers for articles with the best advice for the small business owner, so you do not have to.

Click here to read this weeks small business stories »

Serial Entrepreneur or Serial Starter? – That is the Question

I believe there is a difference between taking advice from a serial starter vs a serial entrepreneur. A serial starter has played the game of business but not yet won. While a serial entrepreneurs in my definition, has not only played the game, but has also won the game by reaching either a natural conclusion to the business or achieved a profitable exit.

Click here to learn more about the difference between being serial starter and serial entrepreneur »