Fast Startup Business Ideas That You Can Do Today

in Business Startups by Greg Mikesell 1 Comment

Today, there are a lot of business ideas that we can start immediately inside in the comfort of our own homes.

Even if you decide to go out and leave the house, there are still a lot of business ideas and opportunities that is possible to start without requiring a lot of  time and resources.

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15 business ideas you can start today

Starting a business today no longer requires months or market research and thousands of dollars to get started. You can simply stay in your pajamas, although I wouldn’t recommend that, and… Read more at Mashable

You may think it’s too good to be true but if you just take the time to assess these ideas, we can actually be start with less that $100.

Quick Business Startups

101 Businesses You Can Start With Less Than $100

Have you ever dreamed of starting your own business? If so, what’s holding you back? If not having enough money to get started, then I’ve got some excellent news for you. You can start countless businesses for under a $100… Read more at Entrepreneur.com

 

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“Backward” Approach to Start-Up Funding

in Business Startups by Greg Mikesell Leave a comment

This software company has a unique approach on how to establish a successful business start-up.

Xero’s success story is now gaining grip in the U.S.A. They’ve also announced their partnership with Wells Fargo.

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How One Software Startup Made It by Doing Everything Backwards

It’s rare for a startup to go public almost within one year of being founded. But then again, how many startups do you know from Wellington, New Zealand?

Xero makes cloud-based accounting software for small business and they bucked the Silicon Valley roadmap by not waiting to “fully mature” before listing on the stock exchange. “We’ve done everything backwards,” its ebullient founder and CEO Rod Drury told Mashable. “We’ve listed first, then… Read more at Mashable

Xero’s road to success also had its challenges and struggles to the point that it had made a loss in the public eye for almost ten years. Here are 4 Lessons Xero Boss Chris Ridd Learned in Going From Start-Up to Market Leader.
Building a software company in Australia, where until recently the government’s focus had been on the resources industry, wasn’t an easy feat.Leading Xero in Australia for five years until March 31, we managed to transition from a scrappy start-up to a market leader in a brand new category: cloud-based accounting. Here are some of the things I… Read more at AFR.com

Getting New Startup Businesses a Boost in Texas

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Setting up a business can be a risky venture but also rewarding as well depending on how well you plan and prepare. And to the benefit of small start-ups Texas has a very start-up friendly ambiance. In fact, the economy of the state is heavily reliant on small businesses. 2.2 million small businesses are currently thriving in the great state of Texas making it one of the largest home grown business states in the union.

texas-infographA number of factors come into the favor of those starting up a business in Texas. First of all, the demography is extremely favorable. There is considerable local demand for any product or service in the highly populated state. Simultaneously, skilled work force is abundantly available. The reasonable cost of living adds to the economic favourability of Texas.

The governmental policies are designed to enhance the growth of small business. Low tax, predictable regulatory environment make the attitude of Texas very welcoming towards entrepreneurs. “Texas Wide Open for Business” is a government initiative to assist small businesses in the setting up phase.

Minority-owned Business Enterprise and Women-owned Business Enterprise are two other government initiatives to promote entrepreneurship among the minority and womenfolk. There are 725,000 women and minority owned small businesses in the state.

The legal procedure of starting up a business is not very cumbersome in Texas.texas-startups

The first step is deciding on a business structure and choosing a name for the company. Legal business structure in Texas are of the following types:

  • Sole Proprietorship
  • General Partnership
  • Limited Partnership
  • Registered Limited Liability Partnership
  • Limited Liability Company
  • Corporation

A location needs to be determined for setting up the office.

In sole proprietorship, the business needs to be filed with an assumed name at the County Clerk’s Office. It is ensured that the chosen name of the company is unique in the County. The assumed name holds good for ten years.

In other cases, the filing takes place through the office of Texas Secretary State

Next, the tax responsibilities need to be determined on the federal, state, and, local level. This step is very crucial. The governing bodies of the federal and state tax are International Revenue Service, Texas Comptroller of Public Accounts, respectively. In case of Austin, the local tax governing body is Travis County Appraisal District. To understand the tax related laws, refer to the guidelines of these organizations.

It is advised that entrepreneurs seek the advice’s of a professional tax consultant, for any assistance.

Procurement of legal authorization comes next in the list. In this start up friendly state, no “general” business license is required. But based on the type of product or service being sold by the company, it might need to possess some legal documents of certain controlling agencies. Texas Department of Licensing and Regulation can provide help in this regard.

Solicit the advice of an attorney to determine which licenses, permits, certifications, registrations or authorizations are necessary, in federal, state and local level.

After deciding on the employer requirements in federal and state level, follow the proper legal procedure while recruiting them. A thorough knowledge of the labor, safety and reporting laws guiding employment of a personnel is essential.

The Texas Work Force Commission dictates the information regarding state and local employment tax responsibilities. For the federal level, International Revenue Service is the governing organization.

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