http://www.profit501.com Making the most of your business. Tue, 15 Jul 2008 21:03:47 +0000 http://backend.userland.com/rss092 en In today's downward market there are some businesses that are doing well.  For example, some companies that sell brown bags for taking your lunch to work are seeing their sales increase by about 40%.  As workers decide to save money by not eating out, they are buying products that let ... http://www.profit501.com/things-that-are-selling-well/66/ It is common to hear people talking about creating an offshore company in order to avoid paying taxes in the US. There can be some tax advantages to forming a company outside the US, but it doesn't automatically make you exempt from US taxes. US citizens are taxed on their income ... http://www.profit501.com/offshore-corporation/15/ One of the biggest benefits employees look for in a job is health care insurance. Employers on the other hand see health insurance as once of the biggest expenses. However, by understanding the the value of insurance for your employees, most employers can come up with a plan that ... http://www.profit501.com/planning-health-insurance-benefits/14/ Business Cards Business cards don't need to be fancy or expensive, but you need to have them to help present you and your business. You can get business cards online for free with an add on the back, but it is recommended that you get your own cards without other advertising. ... http://www.profit501.com/make-your-business-look-professional/13/ Health insurance is one reason you should consider creating a corporation if you work for yourself. There are certain advantages that corporations get that are not available to you as an individual. One of the advantages of creating a corporation is the way you can access insurance. . Group Insurance As an individual ... http://www.profit501.com/health-insurance/12/ With all the taxes and paperwork involved in dealing with your own payroll, there is a lot to keep track of. The government requires that you deduct certain taxes from your employee’s paychecks and send it to them along with your portion of the taxes. Most accounting packages can ... http://www.profit501.com/outsourcing-payroll/5/ Many business owners and managers assume that it is easy to change things in their organization as long as they are the boss or the person in charge. This is a very naïve assumption. Just because someone has the authority to make a change, doesn’t mean that they have the ... http://www.profit501.com/change-in-an-organization/11/ The basic way that businesses make money is by taking advantage of differences in prices. For example, Wal-Mart makes money by exploiting the difference between the price the can negotiate with suppliers and their selling price of an item. Import businesses exploit the differences between what an item costs in ... http://www.profit501.com/exploiting-differences-in-pricing/9/ Many businesses go under because they don’t charge what they are worth. When I was a teenager, my brother and I mowed lawns during the summer. We set our prices by looking at a yard and deciding how much we would want to pay to have it mowed. We did ... http://www.profit501.com/setting-a-reasonable-fee/8/ Open Source software gives business owners a way to run their business without needing to pay for expensive software. Of course no software is actually free, you have to spend a considerable amount of time learning to use every system. If you are starting a business with very technically employees, ... http://www.profit501.com/running-your-business-on-free-software/7/