From the category archives:

Finance

I used to be gung-ho for business plans. They help you figure out if your idea is viable. You can’t get funding without one. It gives you an easy-to-follow roadmap to success.

Since figuring out how entrepreneurship really works, I’ve realized these are all lies.

I put in my five months. I did my due diligence. I wrote my 35-page business plan with five years of pro forma financial statements. And I’m here today to make sure you don’t make the same mistake.

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While you’re probably starting a business to make money, you also want to take care of the people you’re doing business with. That’s where surety bonds come in.

Getting a surety bond for your new business helps make sure that you’re following all of the rules for your type of job. Surety bonds help protect your customers, too, since they work like insurance—although they offer a different type of protection.

Today, Kevin Kaiser from SuretyBonds.com will tell you what they are and why you should have a surety bond to protect your business.

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Getting backed by a venture capitalist is a huge accomplishment for an entrepreneur. It means that someone very wealthy has a lot of trust in you and your business.

It’s hard to imagine what it takes to convince someone to give you anywhere from $100K to $10M. Thankfully, I had the opportunity to ask a venture capitalist, Mouli Cohen, for his advice. He makes it sound like it’s not too far-fetched to get backed by a venture capitalist as a young entrepreneur.

I asked him five questions and here is his response:

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Today, I am thrilled to present this guest post by Carol Topp, owner of Teens and Taxes. I always get asked the question, ‘how much do I need to pay in taxes?’ and I’ve never known the answer… Until now.

Did you earn money last year by running a business, babysitting, mowing grass or buying and selling on eBay? If so, you are probably going to have to pay taxes. Unfortunately the U.S. tax system doesn’t give tax breaks to young entrepreneurs.

Here you will find everything you need to know about taxes for a new business.

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Entrepreneurship is unique in that it encompasses and concentrates all areas of business into one entity, a stool in this case. Additionally, a business grows much like a person. Except, in most cases you want your business to grow fat.

That fat person resides on your entrepreneurial stool and it’s your responsibility to make sure it doesn’t collapse.

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