Use our search to find Business News events and training to improve your skills and grow your network. Sole proprietorships are businesses owned and operated by one person and are not identified as a separate entity from the owner by the government. While a sole proprietorship is the simplest business structure, sole proprietors are personally liable for their business. Products and services — Use this section to describe your products and services in detail, and outline what differentiates your product from others in the market. One of the most important software tools every small business should utilize is a free all-in-one CRM platform to keep track of important customer information in one central database.
- Whether you’re just getting off the ground or planning to expand, we know how to help.
- Charge them a monthly or quarterly fee and make it simple for everyone–they don’t have to think about graffiti, and you just do your job.
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- You are self-employed if you operate a trade, business, or profession either by yourself or with a partner.
- Having a strong presence on Yelp helps you establish trust with potential customers.
This is another business venture that will require you to research the correct licensure from your state, but it will be well worth it to see your dreams come true. Consider what guests will be traveling to your area and create special packages and themed stays that coincide with their interests in your locale. If you’re not sure where to start with freelance photography, take a look at Erica Clayton’s journey into the business below. Some states require licensure, especially if you’ll be using pesticides and fertilizers. The work of Michigan Ross faculty influences the world’s largest companies and global economies. Every day we’re creating real-world solutions for the most pressing challenges in our world.
Information you need to start, run and grow your business
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Translations of business
An LLC is a more complex business structure than a sole proprietorship and can include individuals, corporations, and other LLCs as members. Additionally, LLCs are not subject to a separate level of tax and offer the business owner liability protection and tax advantages. If there’s a topic you have a heavy interest in, then there’s an audience out there with a heavy interest in it too. A blog can be used to build an online community whose engagement can be monetized.
By providing your mobile number you are consenting to receive a text message. Before you leave our site, we want you to know your app store has its own privacy practices and level of security which may be different from ours, so please review their policies. Ask a real person any government-related question for free. They’ll get you the answer or let you know where to find it. Are you thinking about basing your business out of your home? The Small Business Administration’s 10 Steps to Start Your Business includes the licenses and permits you need to run a home-based business.
Fueled by the promise of opportunity and the power of innovation, the United States has built the world’s most vibrant, diverse and dynamic economy. Our nation’s future prosperity and competitiveness now depends on meeting pressing economic challenges we face today. Get the latest business news delivered straight to your inbox each fortnight. Learn about different business structures, how to choose one and what you need to do if you change your business structure. If your business has been affected by recent floods, there’s a range of support available to help you get your business back up and running.