The Business End of an Internet BusinessWritten by Chris Malta
"The Business End of an Internet Business" I've had a lot of email from people who know they want to start an Internet business, but don't know how to put nuts & bolts together on business end. That’s not surprising. It can be confusing, and there are certain steps to be taken in a certain order. Without help, you can end up running in virtual circles for weeks. Now, please keep this in mind, folks; I’m not an attorney, and I’d rather not have to hire one after writing this article. Let me just say that this is how it works where I live. Your local government may do things a bit differently, and of course I can’t speak to this issue for those outside US. (Sorry!) If you need to, consult an attorney or accountant. You should, though, be able to do this pretty easily on your own if you choose. So, here’s how we do it in Florida, USA. First, swim to poolside bar and grab yourself a nice cold drink. Then…oops, sorry, that’s AFTER work! Seriously, now, there are five things you would need in Florida to get started RIGHT way. It works pretty similarly around rest of US. 1.) File your Business Entity You need a “business entity.” That just means you need an official business name that’s recognized by government. You can do this one of two ways. A.) Corporation: You can file a corporation with your State. Florida has a web site at www.sunbiz.org, where we can download and print all forms we need to file a Florida corporation. I believe that all States in US have a site like this. They also have instructional forms that detail what goes where, and what everything means on forms. Once we complete our forms, we mail them in with about $90, and poof…we’re a corporation! We get our official copies back in a couple of weeks. B.) Fictitious Name: This is a simpler way to register your business, but it does not afford you protections that a corp does. Same thing…in Florida, sunbiz.org has forms, and we fill them out and send them in. This doesn’t cost as much as a corp. In some States, this is called a DBA (Doing Business As…), and is obtained from your local County Office building for a minimal fee. ($35 would be an average). If you’re not sure which way you want to go, see an attorney or accountant. This is an important decision! 2.) Obtain a Business License Here in Florida, we are required to have a Business License issued by county our business resides in. This takes a couple of hours at local County Office Building, and costs about $30. We must show our Business Entity papers and supply our EIN. In some other States, a county Business License may not be required.
| | Living a Relaxing and Profitable Lifestyle with the 80/20 RuleWritten by Chris Brown
Copyright © Chris Brown http://www.SuperiorIncome.comThis article may be used freely as long as author's resource box (at bottom) is included; article and resource box must remain unedited. Relax In this article, you will learn some simple and effective ways to live a more relaxing and profitable home business lifestyle. Many of us started out with a picture of ourselves working less and ended up working just as much or even more than ever imagined we would. Managing your time can become a major headache. Are you ready to see shuffle drift away? Family, friends, errands and fun are a few of important factors in living a relaxing and profitable lifestyle – lets look at how you can delegate your time for a more easy going home work environment. The 80/20 Rule – Pareto's Law Vilfredo Pareto, an Italian economist, observed in 1906 that in his country, 80% of wealth was owned by 20% of population. After his observation, others took notice of 80/20 idea in many other areas of life. In 1930s and 1940s, Dr. Joseph Juran observed what he called "vital few and trivial many". Dr. Juran's principal goes something like: 20% of something is responsible for 80% of results. This has long since been known as Pareto's Principle or 80/20 Rule. Find Your ‘Vital Few' The following metaphor has worked well for many people; if you have a hard time visualizing then this may throw you off; stick with us, this can be of great benefit to you. The Metaphor Zoom out and take a look at everything that comprises your home business. Imagine seeing all of your tasks sitting on a table – Watch as one side of table lifts upward and your tasks begin sliding towards edge. Pay close attention to see tasks that slide least – see tasks that stay on table – these are your ‘vital few'. Pick up ‘trivial many' from floor and see yourself putting these in a very big box. Now, picture your self putting your ‘vital few' tasks that were left on your mental table in a small box – imagine that you keep this box on your desk. Now, mentally take big box and put it out of site…let it fade away for now.
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