Insights, Ideas, Results
WASHINGTON — U.S. Rep. Vern Buchanan, R-FL, today announced the introduction of bipartisan legislation that would make it easier and less costly for an entrepreneur to start a new business.
Buchanan’s “Support our Start-Ups Act” (H.R. 2524) would quadruple the amount of start-up costs small business owners can deduct from their federal income taxes, raising it from $5,000 to $20,000.
We are living in the Golden Age of technology innovation. If you look around technology startups are popping up everywhere targeting numerous industries and business applications. The arrival of cloud computing, mobile technology and social media has enabled anyone with innovative idea, and willingness to work hard, to launch a startup for mere few thousand dollars. No wonder Silicon Valley is overflowing with number of twenty year old looking to strike it rich with a startup.
As any entrepreneur who has gone through starting and funding his business will tell you it can be very challenging to obtain money for the start-up. Traditional banks are very risk averse and will not provide you money if they sense risk in your business, which is what all start-ups inherently have. Fortunately, number of other alternative sources of funding have opened up that can help entrepreneurs get funding without having to go through the hassle of traditional funding route. Not all unconventional sources of funding are equal, however and you need to do proper research before jumping on this bandwagon.Here are some of the pros and cons of unconventional start-up funding that you may want to consider if you are not going the traditional route with the funding of your UK business.
Going from being employed to working for yourself is a major transition. To many it looks like a dream – you get to set your own hours, take holidays when you like, work from home, and set your own wage. It offers unparalleled freedom to do your own thing and control your own destiny, and yet it also comes with an awful lot of responsibilities and complications.
These responsibilities and complications are overlooked by many, but they are just as important as the rewards in terms of how they’ll shape your lifestyle and the impact they should have on your decision making process. Here are 3 important items you need to consider before taking the plunge.
Thousands of people nowadays have chosen to be their own boss by working as freelancers. Internet has created great opportunities for these people. Many types of writing skills are highly required on the internet industry. It is possible for writers to make decent money by doing what they know best and have an interest in. There are five ways writers can employ themselves. These are creative opportunities. They require hard work, self-motivation, dedication, positive attitude and lots of spirits, and willingness to endure financial risks. Five ways writers can employ themselves are freelancing, copywriting, article (web-content) writing, blogging and writing consulting services. These are potential opportunities that can be tapped online and offline platforms.
To many inexperienced entrepreneurs starting a business seems like a daunting task. After all, there are so many items to take care of before you can even open the doors for business. This enormity of challenge turns off many would be entrepreneurs from even giving it a try. In my view, this could be a mistake. While there is no doubt that starting a business requires lot of hard work, along with little bit of luck, with the right planning and preparation it is possible to achieve your dream. The key is to break the challenge in smaller tasks and tackle them one at a time. Here are 4 steps that will guide you through the process of starting a business.
