Setting a Reasonable Fee

December 14, 2006

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 a better job than many [...]

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Running your Business on Free Software

December 14, 2006

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, it might be less expensive [...]

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Pass-through Entities

December 14, 2006

The government has created some special types of corporate entities for small and medium sized businesses called pass-through entities. These types of organizations pass their profits on to the owners every year, so they don’t have to pay any income tax as a corporation.
The main reason this can work out to your advantage is because [...]

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Technology to Create a Business

December 12, 2006

As we’ve previously discussed, the basic idea behind business is exploiting differences in pricing. With this concept in mind, technology becomes a way to enable businesses that couldn’t exist without technology.
For example, websites that offer free classified advertising for individuals and are supported by a few ads from large businesses or an advertising network [...]

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Using an Automobile for Business

October 31, 2006

An automobile is one of the most common tools for use by business. Since it represents such a large expense, it is good to understand how the IRS allows you to pay for the business use of your car.
If your business buys a car and uses it exclusively for business, then all of the [...]

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