The Venture Edge
Musings at the intersection of business and life-
Starting a Business
May 13, 2011
According to the Small Business Administration, 70 percent of Americans dream of one day starting their own businesses. And one of the most popular ways that people become entrepreneurs is by turning a hobby into a business.
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Business Savvy
September 25, 2010If you're like many businesspeople, you may not have noticed the inclusion of a provision related to IRS Form 1099 in the new health care reform law. The current law requires that companies submit a 1099 to report payments to individuals and partnerships totaling more than $600 in one year. However, the new provision significantly broadens the application of the 1099 rule to include corporations (previously exempt) and the sales of goods (previously, rents, services and financial transactions were covered). Long story short, many companies will be required to generate many more 1099s each year.
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Business Savvy
September 11, 2010
Whether or not you like Obama's health care reforms, the resulting law is (still) in effect, and it is beginning to have tangible financial impacts on business -- impacts that you should be aware of.
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Growing a Business
April 05, 2010
In a post last week about the potential effect of the new Healthcare bill on small business, I talked about the importance of assessing your business's cash flow position so you can weather the changes that will be coming. Insuring that your business is sufficiently cash flow positive is the first step. The second step is to make sure that your business remains flexible and ready to change quickly. That means not taking on non-essential capital expenditures such as a new building, new equipment, or even extra people for that matter.
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