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The Advantages and Disadvantages of Being Self-Employed

The Advantages and Disadvantages of Being Self-Employed

The Advantages and Disadvantages of Being Self-EmployedThere are several advantages that come with being self-employed. You get to be the boss, dictating what you do, when you do it, and even where you do it from. There are, however, also a variety of drawbacks to being self-employed. Understanding the pros and cons of self-employment, can help you to determine whether you are ready to strike out on your own or not.

When you’re self-employed you are the one in charge. For most people that may sound like a huge advantage, but it can actually be a drawback, depending on your personality. While you get to determine what you do each day, that doesn’t mean you’ll always make a wise

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Why It Is Important To Incorporate Your Small Business

Why It Is Important To Incorporate Your Small BusinessThere are a number of reasons why it is important for you to incorporate your business. While this may seem like a complex and daunting process at first, it can be relatively simple, and has the potential to provide you and your company with a number of important benefits. It is also a way of protecting yourself from problems that can arise through the normal course of doing business, acting as a barrier of protection between you as a person, and the legal entity that is your business.

 

There are several different types of corporations that you can choose to list your business under. The C Corporation is the most common, but it is also the most complex, and is generally only a good idea if you already have a large business base in place. An

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How to Start a Business | 10 Steps to Starting a Small Business

Starting a business is exciting—but also demanding. This how to start a business guide addresses some of the most common startup steps to ensure that your company is ready for success.

Prepare a business plan and materials

1. An important first step is preparing a business plan to define your business, products and services, and outline your goals, operating procedures and competition. If your company needs funding from a traditional loan or venture capitalists, a business plan will be required. Make sure your plan includes a marketing approach, so people are aware of what you're selling and how to find you.

2. Create a business logo, cards and stationery. These items establish your company’s identity and help potential customers find and remember you.

Meet legal requirements

3. Of course,

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