When starting a new business, choosing your legal structure is one of the most important decisions you’ll have to make. The structure you choose will influence many areas of your business including your tax filing, your personal liability and your ability to receive funding. As a business owner, you can structure your business as a sole proprietorship, a partnership, an LLC, a S-Corporation, or a C-Corporation.
One of my biggest struggles in my day-to-day life is managing my priorities. And by that, I mean I take stuff wayyyy too seriously. Car bill due? I’m thinking about it all day. Carpet to vacuum? Also on my mental to-do list.
If you spend all your time prioritizing your responsibilities, you’re likely ignoring some things that are very important to your life. Like your family, your friends, your “you” time, etc.
Try out focusing on these 7 areas to see if you can achieve a happier life.
Success is hard work. It takes years, it takes time, and it takes money, blood, sweat and tears. It takes everything! It is lonely at the top but I think it is lonelier when you are in the middle trying to get to the top.
You need to be able to stand out as in stand above. Here’s how.
Cash is the lifeblood of the business. Without it, you can’t pay bills, you can’t expand the business and you can’t pay employees. Most importantly as the business owner, you can’t even pay yourself!
Your business can show the most fantastic performance according to the income statement, with huge profits and yet have nothing left in the bank. In this situation your business would not survive. How could this occur? It could occur if you are not monitoring the cash flows of your business.