I am an Enrolled Agent (IRS) and a tax expert
Hi! Generally speaking, your situation depends on if you are the only member of the LLC. If yes, then you are in business for yourself and therefore, no, you do not pay yourself wages as an "employee". You report income as a self employed person or as an independent contractor for federal and self-employment tax purposes. Let me know if this helps! If, however, two or more people are in business with you, then you are in a partnership. At that case, yes, you can hire employees, but you yourself won't be an employee still. I hope this makes sense. Reach out to me if you need additional help with this.
Empathic, ex-McKinsey mentor who helps you excel
Great question. Happy to have a conversation on this (I currently have a reduced launch rate) and explore your options but here are my top tips. 1) Tailor my advice to your business's niche and obviously look in that area, but for example great cofounders could probably be found as follows - contact MBA students, many want to start their business afterwards - contact specifically business schools with an entrepreneurship department and mention that you have a careers opportunity - many have contact details of even their careers team - join entrepreneurship online communities and ask around there - call up existing businesses in an adjacent space and ask if their leadership wants to become a co-founder - use LinkedIn to reach out personally to individuals Happy to find other options together with you. Best of luck, you will succeed.
Empathic, ex-McKinsey mentor who helps you excel
This is an excellent question, I assume you mean digital education platform. Of course the question of starting is very broad. Please feel free to reach out for me to help you conceptualize, start and implement your plan. I highly suggest that you figure out the following. A) What is the product or what are the services you want to offer? what makes them unique or attractive to the clients? what is the value of these to the clients? how are they different from competing services B) How will you market the product and close a sale with end customers? This really matters as many startups fail because they cannot sell or marketing is more expensive than the product price. I also suggest considering pre-sales and community engagement before launch C) Operations- how will you create the material or source the educational material that will be presented? Where will you find talent to support you (consider freelancers eg from Fiverr or Upwark in the beginning? D) How will you finance the creation? Can you bootstrap your business model to something simple and not cash intensive? Can you use crowdfunding? E) What is your overall business and financial plan? Happy to help draft one F) Implementation- how will you implement it all and make the final tweaks such as to branding and messaging?
Chief Entrepreneur Officer
This is great for you! Congrats! Yesterday I posted some tips on Linkedin, they can be useful for you when reaching out to Investors:How can startups find matching Investors? Fundraising isn't just about raising money... It's about much more things... #startup founders need to see the process as matchmaking. These tips might help to match your startup against the right investors: ✔️ Define what you need in terms of money ✔️ Define what you need besides money ✔️ List the investors that invest in your space. ✔️ List Investors that have the experience and contacts that you need. ✔️ List Investors that invest an amount of money 3 to 10 times bigger than what you need. ✔️ List Investors that have an investment portfolio that can bring your startup network effects and others and boost growth. ✔️ List both male and female investors as diversity is needed for you to have all the perspectives..and focus on one gender, and a generation whose problems your startup is solving. Reach out to Investors using warm introductions, specially in the US. Your relationship with an Investor is just like a marriage, and from which it is difficult to divorce... So, besides the above mentioned there are other aspects that you need to take into consideration, as you will be meeting, reporting, and dining with these investors: 👉 What is their personality? 👉 Do you see yourself connected with that person for at least 5 years? 👉 What are your values and theirs? 👉 Do your startup goals match theirs? The last but not least, a good marriage might end with a good divorce, if you have a good pre-nuptial agreement!
AI & MVP Expert
You shall follow the steps given below to be an expert in ads on Facebook: 1. You shall have a good understanding of your business niche. 2. Start making ad campaigns that are unique and different from other companies' campaign so that you stand out from others. 3. Try to make creative ads that are related to your business which will engage customers and increase engagement. 4. Use Facebook advertising tools like pixel or ad builder for better targeting as well as tracking. 5. Keep track of all your campaigns so that you can improve them according to customer's needs. Also remember not to spam users with irrelevant ads or coupons but only advertise products/services related to their interests or hobbies! I hope this answer is helpful!
Fintech expert | Startup expert | ex Amazon
These are very good questions to start with. In addition, Make sure you cover the following bases: 1. Security - viruses are just one thing, ask them about pen testing done, system stability, fallback options, rollback plans for deployments/changes, make them reassure you that they are rock solid. 2. integration - cover it extensively - how do they integrate (apis? connectors? own build middleware? what do they offer? if they do not offer, who do they partner with? ) 3. skills - what's included in their out of the box development and service package - who (role) will help all the way through, how many man hours are they offering for support - increase this if needed. 4. roadmap - what else are they working on 5. scalability and strategy - does it align with yours. Just the few most important points that come to mind. I am happy to support further if required. I have personally evaluated over 200 RFPs in my career.
AI & MVP Expert
There are several ways in which a company can formally accept software from 3rd party developers. One of the most popular methods is to form an agreement with the developer wherein they will sign a contract and make it clear that they have developed a piece of software for you. Once you have signed this contract, it becomes legally binding between you and the developer and there's no way back from it. If your company does not have any such formal agreements in place, then you need to do some more research on how other companies have been doing things so that you can adopt similar strategies. There are plenty of articles available online that provide all the information about these strategies. Just google "how to form an agreement" or "what should be included in software development agreement" for more details on this topic. For more information, you can schedule a call and we can discuss in detail.
Empathic, ex-McKinsey mentor who helps you excel
Excellent question. The great thing about youtube is that videos you post very quickly tend to show in Google search results, often quicker than the corresponding website would rank. Here are some tips: - When posting videos paste your contact details/offer in the description and in the comment section - When posting, ensure you copy paste a lot of the content in text form in the description so the video is easily findable when searched - if you are in the US, you can use direct marketing to market the channel - contact influencers and bloggers to link to you - partner with other channels to advert vice-versa your channels - paid ad - link your channel with freebies and lead magnets I would be delighted to better understand your situation and help you with it in a call
Copy writing articles writing blogpost writing
This error message typically indicates that the bean in question (in this case, GlobalMethodSecurityConfiguration) is not being loaded by Spring Boot as expected. There are a few possible reasons for this: The bean is not in the package scanned by Spring Boot. If you are using the @SpringBootApplication annotation, it scans for beans in the same package as the annotated class, as well as its subpackages. So, the bean class should be located in a package that is within the same package hierarchy. The bean is not annotated with @Configuration, which is required for it to be considered a configuration class by Spring Boot. The bean class is not being instantiated because another configuration class is taking precedence. You can check for these issues, If issue persist then you might want to post your application code snippet, so that I could give you more specific advice.
AI & MVP Expert
Currently, the average number of students who attend online courses is 5.5 million per month. The most popular platforms are Udemy, Coursera and Lynda. These platforms have more than 90% market share for online courses which has been growing at a rate of 20% every year. However, we should not forget that the demand for these courses is still low as compared to other areas like on-campus learning. So it will take some time before these numbers can match up with what they are today in terms of popularity and growth. I hope this answer helps!
Founded and managed 6 startups in the USA
Please elaborate, partner of what exactly?
Founded and managed 6 startups in the USA
Crowdfunding is the best option to raise money from all around the world. I did this multiple times for my startups. There are several different options, you can start your research with Fundify, Seedinvest, etc. Look for Equity-based crowdfunding. Good Luck!
Clarity Expert
Rental businesses are way different from sales businesses. Most entrepreneurs think all eCommerce solutions can be used to develop a rental marketplace, but the requirements to develop one are way different. To elaborate, rental orders are simply more complex than sales orders. For example, the customer needs to select the booking dates and see product availability for those dates before placing the order. He/she also needs to make a security deposit in order to rent. On the other hand, customers just add products to a cart and make payments to purchase them in a sales eCommerce store. Thus, to develop a rental marketplace, more research is required. In my opinion, Yo!Rent is a proper eCommerce solution for all rental businesses: https://www.yo-rent.com/online-rental-software.html. Yo!Rent was built by FATbit Technologies, a globally recognized software development company that has contributed a wide range of feature-packed business solutions to the eCommerce industry. To support rental businesses, Yo!Rent comes with advanced rent-centric features: - Rental security management system - RFQ module - Product comparison - eSign & agreement management - Cancellation & Return policy - Shipment seller-buyer chat - Buffer time period - Calendar booking system Yo!Rent is capable to handle distinct niches like as: - 1. Heavy equipment rental 2. Dress rental 3. Costume rental 4. Car rental 5. Boat rental 6. Truck rental 7. Bike rental 8. RV rental 9. Electronics rental 10. Party supply rental 11. Outdoor gear rental 12. Gym equipment rental Further, you can have a look at the benefits of choosing Yo!Rent below: * Free one-year technical support * Suitability for rental and selling purposes * One time cost * Unlimited transactions, listings and user profiles Visit Yo!Rent’s official website to get more information.
I am freelancer I like answer questions.
I spend it with my family and friends, we travel and when we can we go to the beach.
Educator | Airbnb With D! Podcast
Simply put, If under 18, I'd instruct the student to persuade his parents to start a LLC, Trust, or Corporation. Analyzing what would be profitable and locating passion projects within the venture. I'd show the student how easy building business credit is when you have a business and how much leverage you receive financially by doing so. In 45 days one could go from $0-$100,000 in business credit. That's far more powerful than anything else I can think of. There's more but that's a start.
PM, IT, Business Case
Did you check if the government offers grants for Cultural programs? You can try private but be prepared to answer "What's in it for me/my organization?". That is, if they fund you what do they get in return? It is pretty much like a business case. Funding is a trade. Will be happy to talk further on a call.
PM, IT, Business Case
Definitely a cost efficient option. And gives you more range to find the skillset you need. With all the tool solidified during COVID there's no reason not to work out. Just pay attention to timezone differences and possible data/security restrictions if this team will access client data. Agree on at least some hours for everyone to be online. For instance, I work with developers in India a lot. They are 10h ahead. I need to start very early and they need to stay late for us to catch up in my EST morning.
PM, IT, Business Case
First, we have to understand your motivation to meet your needs. Are you currently developing a custom enterprise app for a client and are you looking for advice on how to do? Do you have a contract or you are just trying to learn? Or you're setting up shop to be a vendor in this market? What industry? Will be happy to take a call. I've done several custom enterprise developments but there's no one size fits all in this field.
Always make things happen.
Health care law focuses on the legislative, executive, and judicial rules and regulations that govern the health care industry. The health care industry includes hospitals and hospital systems, other health care providers (such as nursing homes, psychiatric centers, acute care centers and health maintenance organizations), public and private insurers, pharmaceutical and device manufacturers, and the individual practitioners who treat patients. Some of the regulations relevant to this industry include Stark, HIPAA, Anti-Kickback Statute, EMTALA and state privacy laws. https://www.law.georgetown.edu/
Experienced R&D Mentor and Trainer
Do a SWOT Analysis of your business and accordingly select the required persons as per your analysis.
Marketing Strategy
3
Answers
Helping entrepreneurs start, scale, or sell.
Honestly, through trial and error. Be lean and nimble. If something is not working, change. If it does work, keep sticking your bucket down the hole until the well runs dry.
PM, IT, Business Case
Did you try Google Trends? You can see if people are looking for the product you're looking to sell. You also have an option to run a Survey. Survey Monkey is probably the best. You can pay and and see the results at the end. But most importantly, what's your differentiator? Are you offering something better than your competitor or just more of the same? And don't forget, this is a regulated market. Without FDA (or whatever agency in your place) approval you can't go too far.
Experienced R&D Mentor and Trainer
You must do your SWOT Analysis first. if you provide quality product/service at affordable price, people will really appreciate that and then you will realize the power of Word of mouth marketing. Best wishes.
Empathic, ex-McKinsey mentor who helps you excel
Dear Writer, thanks so much for taking the time to write this. To answer this a) I need the background on what you are trying to sell, e.g., are you a law firm and b) what your ultimate objectives are - eg., you write getting attention, what I mean with is it important to have this type of client or do just do this to get some branding. Since I don't have this I'll do my best and give the following tips: - Network using LinkedIn, many times positive experience can be done using these platforms - if it is generally a sales exercise, and you werent successful experiment with lead agencies that give you qualified leads - if it is important for you to leverage their specific brand, offer a smaller free service package in return for using their logo or if you can afford give them your full service for free - and important for professionality reasons it should still be optional for them to give you the reference, so find someone who is willing to but offer it optionally - work heavily with testimonials and give referees they can call from other client segments than you have Of course I can tailor my advice much better to your situation in a call. I would be delighted to help.
AI & MVP Expert
No, I don't think that transferring code or application development from one developer is a good idea. The reason why I say this is because if the other developer isn't competent enough to do the job then he will create problems for you in the future. This is what happens when you transfer your code or application development from one developer to another: If the previous developer created a bug in your code and it's still there, then you can find out only after many months of using your software. So it's better to fix all bugs before giving it to someone else. Another thing that can happen is that if you give the task of maintaining your code to someone else, then he may not have time as well as interest so he won't be able to maintain it properly and he will end up creating more bugs than necessary which would affect your business badly. So transferring something like that should be avoided unless the developer/team has stopped supporting! In such case, you shall have proper documentation and processes in place. That being said, I hope this answer helps! For more information, feel free to book a call.