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Entrepreneurs, business owners, and side-hustlers come from all kinds of backgrounds, but many first-time founders don’t start with a formal business education. Launching a new business can be a surprisingly challenging process, with an overwhelming range of possibilities and decisions. To help you get started, Business Insider rounded up this selection of guides and resources we’re calling the entrepreneur’s tool kit. Subscribe to BI Prime to read them all. Software and apps to power your business Starting with spreadsheets: The ultimate Excel guide to go beyond bookkeeping […]

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Married couples have launched and led many successful companies in industries as varied as healthcare, consumer products, and professional services. Bryan and Shannon Miles have founded several successful businesses and are launching a leadership consultancy this year. Business Insider sat down with the Mileses and asked them to share their best advice for romantic partners wanting to become business partners. Visit BI Prime for more stories. Cofounding a startup is often compared to marriage, but for some business partners the relationship is literally “till death do us part.” […]

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  If you fly Southwest and you’re a freelancer or small-business owner, this increased sign-up bonus is worth a look. The Southwest Rapid Rewards Performance Business Credit Card is offering up to 100,000 Southwest points: 70,000 points after you spend $5,000 in the first three months, and another 30,000 points after you spend $25,000 in the first six months. Not only will this bonus help you book several award flights, but the bonus can also help you earn the airline’s Companion Pass benefit. The Companion Pass lets […]

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  Self-employment is like running a business. You’re in charge of everything, which includes balancing the books and paying your own taxes. If you don’t pay your estimated quarterly taxes correctly, you could get hit with a huge penalty from the IRS. Getting set up with a business checking account, business credit card, and accounting software completely changed the way I do business, and I honestly wish I would have done it sooner. See Business Insider’s list of the best small-business credit cards » During my first […]

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Cofounders sharing the responsibilities and ownership equity at their startups are extraordinarily common, especially when each partner brings a unique skillset. Co-CEOs have successfully led several major publicly traded firms, but most tend to move away from the dual arrangement as the company matures. Venture investor Mark Suster of Upfront Ventures cautions founders to think very carefully about whether an even split is good for their startups. Here are three things Suster says founders should keep in mind when deciding whether coleadership and coownership is right for […]

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Scaling your startup is about adapting your team to the organization you’ve created, and getting it wrong can have serious consequences for your business. “Culture” might seem like a fuzzy concept, but experts say it’s one of the most important things startups need to watch out for when scaling up their teams. Asking the right questions to prospective hires and taking the time to prioritize your startup’s company culture are likely to help your team ride out the inevitable highs and lows of growing your business. Visit […]

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The unemployment rate is at record lows, and small businesses are struggling more than ever to fill essential positions. Businesses with fewer than 20 employees barely grew their workforces in 2019, even as larger companies increased theirs by 2.3%, according to analysis from Moody’s and ADP. Local business owners continue to report high levels of confidence in their own future growth, even as talk of a recession clouds the national forecasts, according to surveys from Bank of America, Capital One, and American Express. Bank of America’s head of small business […]

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I’m self-employed, so tax season is slightly more complicated for me than for someone with more traditional employment. As tax filing day approaches, I’ll be working my way through a list of to-dos to make sure I’m maximizing my savings. To start, I’ve submitted my last quarterly payment of 2019 and sent 1099s to my contractors, and then I’ll be combing through any deductions I might have missed, wrapping up my accounting, and checking my vehicle logs. See Business Insider’s picks for the best tax software » […]

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In the cannabis industry, there are opportunities to make six-figure salaries in some of the industry’s top roles.  The cannabis-industry recruitment firm Vangst recorded a 79% increase from 2018 to 2019 in total available jobs in the field. We’ve rounded up the six top-earning positions in the cultivation, extraction, manufacturing, and retail sectors of cannabis, according to Vangst’s salary report. Click here for more BI Prime content. Despite a wave of recent layoffs at big cannabis companies and venture-backed startups, the industry still has an exciting future […]

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TaxAct: Best tax software for small business owners overall TurboTax: Best tax software for small businesses that use QuickBooks eFile.com: Best tax software to save money on preparation and filing Need more information? See Business Insider’s picks for best tax software to find out which sites we reviewed, and how » If you own a small business, tax season can get hectic. Hiring an accountant to prepare and file your business taxes can save you time, but it’s usually much cheaper to do it yourself online. To find […]

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