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Building a Sound Financial Foundation for your Internet Business – Part 2

by Siu Ling Hui -GUEST-

One of the ‘traps’ that many business owners fall into is to rely solely on the Profit & Loss as their guide to how well the business is doing. However, profit is NOT cash.

The Profit & Loss Statement records how much value has been created (or destroyed) in carrying out day-to-day business activities. It has to be read in conjunction with the Balance Sheet to understand how of that value actually translated to cash.

Building a Sound Financial Foundation for your Internet Business

by Siu Ling Hui -GUEST-

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Starting up a new business is exciting. You’ve got all these great ideas or products that you are going to sell and make lots of money with.

There’s websites to build, preparation for product launches, social networking and so on. In comparison to all these other activities, dealing with accounting and finance matters sounds about as appealing as a visit to a dentist.
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The Top 5 Tips To Starting Your New Business With The Right Foundation, Part 2

by Denise Gosnell -GUEST-

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In the first part of this article, you learned about how to incorporate your business, choose a company name, and obtain the necessary licenses. Now it’s time to learn about two of the most important procedures you need to put in place for your business to keep it out of lawsuits or facing problems with third parties or your bank.
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The Top 5 Tips To Starting Your New Business With The Right Foundation, Part 1

by Denise Gosnell -GUEST-

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In this 2-part article, you will learn about the five most important steps you should take to setup your new company with the proper foundation for success.

1. Form a Company With Limited Liability Protection

Win Free Consulting From Sterling and Jay

by Jason Van Orden

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You know when we mentioned in episode #32 a contest for making a promo video—where you could get three exclusive interview programs and possibly win free consulting, cash and more? Remember that? Well, I finally got my behind in gear and posted the promo page along with the contest rules.

For those who still need to be brought up to speed, we have two new audio promos for the podcast. Now we we want to see your creativity! We’re looking for talented listeners to make a video using one of our new audio promos as a soundtrack.

Small Business Law Blog

by Jason Van Orden

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I’ve started reading the New York Small Business Law Blog by Imke Ratschko. Even though she practices in New York City, she shares solid legal tips and information for any small business. This is a great supplement to our earlier discussions on forming a business entity for your internet business.

Her blog is also an excellent example of using quality content, social media and pull marketing to promote your services and establish your brand as an expert online. At the time of writing this post, a Google search for new york small business law turns up here site at the top.