Internet Marketing 101 How to use social networks to grow your business 08/20 by coachsandra | Blog Talk Radio

This is a short blog on a show I did last year on blogtalkradio with my friend Christopher Adams. Christopher specializes in helping local businesses in Connecticut to grow their businesses using social media networks such as Twitter, Facebook and Myspace, among others. The information he shares on this call can help entrepreneurs of every facet, regardless of the location. As authors, as you will constantly hear, you have to think like a business person. Business people are always looking for new and low cost ways to advertise and promote their businesses. Your objective would be the same. Remember, your book is a product that must be sold, and you are a brand that must be established. You can listen to the show by clicking the link at the end of this post.

You can learn more about Mr. Adams by visiting www.christopheradams.com.

Until next time.
I love you for reading,
~Sandra~





Internet Marketing 101 How to use social networks to grow your business 08/20 by coachsandra | Blog Talk Radio

How to choose the right business structure

When deciding to embark on the road to being an entrepreneur, it is crucial to take some time to decide what type of structure you are going to organize under. There are three main types of business structures common among entrepreneurs: Sole Proprietor, Corporation, LLC (Limited Liability Corporation or Company).

Sole Proprietorship is a business structure that many entrepreneurs choose. There are two main reasons of which they do so:

•  It's inexpensive to form (in Michigan, the fee is only $10.00)
• There's less paperwork involved

While forming a sole proprietorship may prove to be the least expensive and simple to form, there are three major reasons why I suggest you don't go this route:

• You are personally liable for everything
• If someone decides to sue your company, they are actually suing you, because you are liable for all of the business debts as well as your own. If the person is awarded a judgment against you, that judgement will appear on your personal credit report.
• Sole proprietors often find it more difficult to borrow money to start or grow their businesses because lenders fear that if something were to happen to the business owner, the debt will not be repaid.

Corporations are often expensive to form, however, the major reason people form them is because these business owners can enjoy limited liability. In other words, they are only responsible for their own personal debts and not those of the business.

• Corporations are heavily regulated by the state, and owners face double taxation. Double taxation means that the profits of corporations are taxed twice.

The LLC, or Limited Liability Corporation (Company) is fairly simple to form. LLC owners are taxed like partnerships, which means you only pay taxes on your own personal income. A big plus of the LLC is that its owners enjoy the benefits of limited liability as does the corporation.
So, which structure is for you?
To sum it all up:

• The sole proprietorship is the easiest and least expensive to form but the owner is responsible for all debt.
• The corporation is the most expensive to form, but the owners are only responsible for their personal debts. Corporations are also heavily regulated and double taxed.
• LLC's are fairly simply to form, are taxed only on personal income and owners enjoy some of the same benefits of a corporation.

4 keys to get your business life in order

By Sandra Peoples
http://www.buildsuccess.info/

One of the important things any business owner must do is to put things in order. Prioritizing is the key to success. Knowing what to give the most importance to may take some creativity, but it must be done. Here are a few keys to help you take control over your business and get organized.

1. Create a file. I would suggest purchasing an expandable file that has slots and tabs for you to label things. This way, you can file things in order of importance and finally get certain daunting tasks done.

2.Label your files accordingly. Make a section for each project that you are working on so that when you come across something that belongs in that section, you can file it away and know where it is at.

3. Do high priority tasks first. Let's face it, the things of most importance must be done first. High priority items may be the most tedious to perform, so the most allowable amount of time should be spent on seeing these tasks through to completion. For writers, formatting your book may be the most tedious task you may ever find yourself doing, but because it can be done, you should do it first.


4. Label tasks of less importance in order from least to highest priority. Maybe you still need to choose between writing that first draft of your business plan, or putting the finishing touches on that new article you've been working on. Whatever the case may be, you have to figure out which things MUST be done, and which ones could stand to wait a day or two. Do the things that must be done first, and the others once the high priority projects are done.


Hopefully these four keys  can help you to get your business life in order.