Entrepreneurship

Is Your ‘Business’ Just a Hobby?

There’s an old Gershwin song that goes, “You say tomato, I say tamahtoe … let’s call the whole thing off.” Taxpayers and the IRS have their own version: “You say hobby, I say business.” The difference between businesses and hobbies is that you have to prove that your hobby is a business by passing not one …

Categories: Entrepreneurship, Taxes

How to Make Money Online Without Really Trying

The good news: Making money online is no longer a pipe dream. The bad? Who knows where to start? There are countless success stories of people earning passive incomes online, whether it’s from blogging, creating YouTube videos, or through a startup. Then there are others who make money online, but you’re not sure how, and you’re secretly hoping they’re …

Some Thoughts on the Parable of the Fisherman and the Banker

Over the last week, several people have sent me this story from a bunch of different websites. I’m not sure where it originated, but the first place I saw it was on Financial Mentor. Here’s the parable: The Parable of the Fisherman and the Banker An American investment banker was taking a much-needed vacation in …

Small Business Saturday: Meet SPOT, ‘the Uber of Parking’

For those living in overcrowded urban environments, the routine is familiar, and frustrating. You battle rush-hour traffic to get home each day, only to spend another half-hour (or more) cruising slowly around and around your neighborhood, in ever wider circles, in search of parking. And when snow is added to the equation, finding on-street parking …

This One Move Can Save You $1,000 a Year

It lets you shop endlessly on eBay. It keeps you tuned into the latest water-cooler gossip on Facebook. It allows you to follow photo stories of people — some you know, some you don’t — on Instagram. You can watch endless videos while waiting for the train. Access your email everywhere you go, and an entire music library right …

Why You Don’t Need a Business Degree to Start a Business

“I have never let my schooling interfere with my education.” – Mark Twain Do you need a business degree to know how to run a business? Most of the business lessons that have helped me become successful as an entrepreneur were not learned in college. They were learned by starting businesses that either worked or didn’t …

Seven Truths About Self-Employment

It’s three hours until closing time and you’re already counting down. Once the clock strikes 5 p.m., you are ready to race out that door and find comfort with your family – at least until tomorrow. Your morning meeting was beyond frustrating, your co-worker smacked her gum all day (again), and the entire day was …

Small Business Saturday: Make Candy, Make People Happy

For a man who was once featured on the television show “America’s Funniest People” and spent years working as a sales manager for IBM, making and selling delicate chocolates for a living doesn’t necessarily seem like a natural fit. But really, what is the ideal profile for a chocolate maker? For San Diego’s Jerry Swain, …

12 Reasons Startups Fail

“Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.” — Steve Jobs While there’s something to be said for learning from your mistakes, there’s also something to be said for learning from the mistakes of others and avoiding the startup pitfalls altogether. Some business mistakes are …

Small Business Saturday: Mending the Music Makers

Becoming a luthier is not a good career choice, period, says Cat Fox emphatically. But just in case there’s any doubt about her point, she adds: “This is not one of those things that people should get into. Nobody makes any money doing this. You can only do this and succeed if there is nothing …

Time Management Tips for Entrepreneurs

As an entrepreneur, at times it can feel like Niagara Falls has opened the floodgates on you. To keep the ship afloat and flourish as entrepreneurs, we feel like we need to be in go-go-go work mode at all times. The reality is we also need to exercise, eat well, get enough sleep, spend time with …

Seven Ways to Motivate Employees

In the famous scene from “Glengarry Glen Ross,” Alec Baldwin is brought in as a corporate consultant from “the big boys downtown.” His condescending demeanor, crude and insulting language, and intimidating presence are meant to motivate an underperforming sales team and scare them into doing better. Among other things Baldwin does to insult the sales reps, he reveals …

Starting a Business? 12 Must-Read Books

If you want to be a successful entrepreneur, reading is essential. It will change your world and expose you to new information, points of view, and ideas to help you see the world through a different lens and launch your business. According to the Harvard Business Review, all leaders are readers. Create the Reading Habit How …

Want to Start Your Own Business? Focus on ‘Start’

Wayne Gretzky once said, “You miss 100% of the shots you don’t take.” Thinking about starting a business? The list of things you think you need to figure out before you can start is probably a mile long, isn’t it? Well, good news. You can start talking to potential customers and validating your business idea …

Indie Coffee Shop Thrives in the Shadow of the Dunkin’ Empire

I’m at the Coffee Break Cafe in Quincy, Mass., waiting to meet the shop’s co-owner, Jenn Ormond. The line was five deep when I got here, so I figured I’d sit down and wait for the rush to die down before ordering a coffee. That was almost an hour ago, and I’m still waiting for …

How to Start a Home-Based Medical Billing Service

There’s a reason your mother said that if you can’t be a doctor, marry one — because there’s lots of money to be made in health care. But if you missed the bus to medical school and you haven’t married a doctor, there’s still lots of money to be made from being a health care professional, …

10 Work-From-Home Jobs for 2015

Just a few decades ago, the vast majority of work-at-home job opportunities were far from profitable. And before the dawn of the Internet, it was much harder to sort through the scams and the real opportunities. Some of the “gotcha” job offers from the past include check-cashing schemes, mystery shopping, medical billing “jobs” that require …

How to Stay Productive When Working at Home

The phone keeps ringing. The kitchen sink is full of dishes. The dog has been snoring for 30 minutes and you desperately need to write out your monthly budget and pay your bills. But those things have to wait, and it’s not always by choice. When you work at home, you have to ignore your …

Small Business Saturday: Reframing the Meaning of Success

Perhaps it’s an indication of their business’ success when members of the local media refer to Phil Sherburne and Leia Bell as an indie “power couple.” Sherburne, for one, doesn’t necessarily view himself and Bell that way — as some sort of force to be reckoned with on their local arts and business scene. But Sherburne admits …

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