Looking for new revenue? If you haven’t yet, start with existing customers. 2nd best? Referrals. 3rd best? Network. 4th isn’t worth it. Kevin M. Huff, @kevinmhuff on Twitter New to SmallBizSurvival.com? Take the Guided Tour. Like what you see? Get our updates.
For those of you who have contracted work out to other people, and who have paid those people $600 or more in the past year, now is the time to report that to the IRS and to remind the subcontractors that the payments they received are taxable. It is time to issue Form 1099 MISC….
If you’ve started a new business during the past year, you may be wondering how to file your first tax return as a sole proprietor. Here’s the run-down for businesses in the USA. How do you know if you’re a sole proprietor? If you haven’t incorporated, you are a sole proprietor. If you formed an…
If you chose the standard mileage rate to deduct your vehicle expenses for your business use, NOW–right now–is the time to record your odometer reading. You will want to have total miles driven for the year and miles driven for business purposes. Business miles will, of course, come from your record of business usage of…
“We had a great morning with about 15 people at the Pillar Ranch open house! Anytime you show what you do, it’s more effective.”Royce Gomez, @rghorses on Twitter Royce is right on. The best way to really connect with people, potential customers, is to show them what you do, to get them involved before they…
Sometimes the best advice comes from other small business owners. Mark Hayward asked on Twitter,“Small biz owners, are your numbers down? Ours seem to be off quite a bit from this time last year…How are you compensating?” In the course of our conversation online, we came up with two suggestions: 1. Diversify – What else…
Accounting and finance is one of those topics no one likes to deal with. Except us. We like to talk about it because we (Maesz and I) do it, and we teach it. We’ve written a series of articles on accounting and bookkeeping, and here are some of our better items. Do you get accounting?…
Common mistakes can kill your small business, but most of them can be easily corrected or avoided. Today’s bad example: mis-using your service providers. Dear Client: Saying, “I don’t like this,” is not feedback. Tell me WHY you don’t like it. I am a writer, not a mind reader. Love, Kristen –@KristenKing, via Twitter If…
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