If you were selling new merchandise on eBay 5 or 10 years ago (as opposed to antiques and collectibles), chances are you are now selling that merchandise on Amazon.com.
Amazon has two programs targeting independent online retailers -- Fulfillment by Amazon and Fulfillment by Merchant. An FBA seller ships merchandise to Amazon, which ...Read more
I was recently tapped to be one of several Entrepreneurs in Residence who are joining forces to develop a Student Entrepreneur Center at the University of Bridgeport in Connecticut.
The Center is a first-of-its-kind program, designed to instill the spirit of entrepreneurship in all of the University's students, undergraduate and postgraduate,...Read more
Since the beginning of time, business owners have wrestled with the question: "Why are my customers buying?"
A lot of behavioral research and tons of your hard-earned tax dollars have been spent trying to figure this out, and the overwhelming consensus among business scholars is that there are two reasons, and only two, why anyone buys ...Read more
Slowly but surely, the courts and government regulators are taking the stand that there is no middle ground between employees and independent contractors. If you are directing and controlling a person's activities while they are working for you, that person is an employee. You must withhold federal and state income taxes from that person's ...Read more
It's amazing to me how many significant new legal and tax developments take place during the summer months. Each year, while most of us are baking on a beach, walking through the woods or treating ourselves to truffles at a trattoria in Taormina, lawmakers and judges are quite busy making disruptive changes to our world.
Two summertime ...Read more
Like all baby-boomer geezers, I really think that I will live forever, that I will always be healthy, that I will be able to work productively and creatively into my 90s and beyond, and that I will always look like I did back in the 1970s.
I really don't feel my age, and I certainly don't act it. But a number of recent events have convinced ...Read more
"I started a service business earlier this year. I formed a limited liability company, and I'm the sole owner.
"Last week, I met with an angel investor who is really excited about my idea. He has offered to put $250,000 into my company, some of which I could use to pay myself a small salary until the business can support itself.
"There's ...Read more
"Several friends and I are setting up a local charity to help recent college graduates pay off their student loans. We also intend to lobby our state government to pass laws allowing banks to forgive student loans.
"We filed with the IRS for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code, but they came back at us with ...Read more
Rogue Elephant: Death By Tradition [Kindle Edition]P. Fitzgerald McKenzie
This is an inside chronicle by a former Kodak Purchasing Manager of why Kodak failed. With words direct from Antonio Perez, learn how he tried so desperately to save the iconic company amidst a down economy, corporate chaos, and misguided focus. Rogue Elephant, Death by Tradition, is the ...
When your limited liability company starts attracting investors, you will need to adopt a more formal way for people to own, operate and manage the company.
Last week's column suggested some basic changes, including:
--Adopting a board of managers to run the company day to day.
--Giving owners units of membership interest (like shares of ...Read more
Ah, summer. A chance to lie on the beach, do some camping or outlet shopping, and ... do some big picture thinking about where your business has been and where it's going.
Getting away from the day-to-day grind and distancing yourself from your business actually helps you run your business better. I find that when I'm not spending my day ...Read more
"My wife and I are planning to start a food truck business, but are confused about all the licenses and permits we will need to operate the truck. Do we need all the same licenses that a regular restaurant would need?"
The food truck industry has boomed in recent years and, as with any innovation in the world of business, the lawyers are ...Read more