Blog for Business Buyers and Sellers

quit day jobAre you tired of worrying about your job security? Perhaps you're ready to quit the 9 to 5 job and work on your side business full-time. Maybe you are exhausted from trying to lead a "double life" until it's time to be a full-time business owner. The question of when to take the plunge is the biggest dilemma for entrepreneurs. If you leave too soon you may run out of cash too quickly, but if you wait too long you may miss the best growth opportunities.

empty walletIt's never easy to start a business, but it is especially hard when you lack resources or a great credit score. But does that mean you have to give up your dream? The experts say no; you just have to work a little smarter.

venture capitalWhat is one of the biggest deterrents to starting a business? Most would-be entrepreneurs will say it in just one word: capital. Sure, capital can be the catalyst for a new business launch, but the lack of it can keep a great idea from being realized. There are plenty of "big-concept" entrepreneurs who want to raise money for startup and expansion but they don't know where to find venture capital funds. According to a recent article in Entrepreneur, "A Quick Guide to Finding a Venture Capital Match," most first-time fundraisers mistakenly pursue a short list of funds, or even one fund. Your chances of getting fully capitalized will increase dramatically by approaching a long list of funding sources.

tax deductionsAs a small business owner, you probably fall into one of two camps: either you enjoy the process of tax preparation or you loathe the very thought of it. Surprisingly, some of the least financially-oriented business owners have no problem grasping the complexities of tax season; while the market-savvy numbers whiz would prefer to abolish the IRS. Like everything in life, successful tax preparation is all about your attitude. This means if you go into it expecting the worst that is exactly what you'll get.

business tax deductionIt's quite simple; the more tax deductions your business can legally take, the less tax you will have to pay. That's because the amount of your profit will be lower. In addition to avoiding large tax bills at the end of the year, some of the available tax code provisions will also improve your quality of life. For example, you could have a nicer car to drive at a very small cost, or the ability to combine a business trip with a vacation. But like anything tax-related, you will need to pay close attention to the IRS rule about what is – and what is not – tax deductible.

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