Archive for September 30th, 2004
USPS Ignores the Marketplace; Personalized Stamps Canceled!
As of 11:59 PM tonight (Pacific Time, September 30th) the US Postal Service has directed Stamps.com to stop taking orders for personalized stamps. According to Stamps.com CEO Ken McBride the USPS is ignoring the marketplace: “By all reasonable measures, we think this program has been overwhelmingly successful. The customers have voted loud and clear with [...]
Entrepreneurs Who Pay Themselves Too Much or Too Little Will Find Tax Trouble
Law & Entrepreneurship News: “Related to my two earlier posts regarding the IRS’s case against John Menard for taxes and penalties owed because he payed himself a salary that the IRS considered so high that much of it was actually a dividend (thus making the corporation as well as the individual taxable), the Milwaukee Journal [...]
Land of Potatoes Aims to Be High-Tech Hotbed
One of the developing trends that I’ve been following closely on this weblog is the increasing influence of entrepreneurs from small town middle America. I think that technology is quickly removing any economic benefits from operating your business in a major metropolitan area. This article from Reuters is a perfect example of that thinking: What [...]
All of the steps necessary to startup a new business can be confusing to first-time entrepreneurs. This message posted to Google Answers puts everything in order: First decide what business format you will use – sole proprietor (just you), partnership, LLC, corporation, trust, etc. It wouldn’t hurt to hire a good tax professional at this [...]
Turning A Hobby Into A Business
BBC News: “Liz O’Hanlon always felt like a fish out of water at work. She had a successful career as a recruitment consultant, but felt more at home helping out during weekends in her husband John’s pub in London’s Clerkenwell. When the opportunity came up to turn their brewing sideline into a full-scale business, she [...]
Entrepreneur examines several late blooming entrepreneurs who purchased franchises after 50: “Don’t assume 50-year-olds are past their prime—many are finding that the years after 50 are a perfect time to start a business, and buying a franchise is a great way to do that. Whether motivated by personal desire or out of financial necessity, these [...]
