Category: industrial

Are You Licensed to Run Your Business?

Category:business services | industrial

When you register a business name your own identity is connected with it and the government maintains records so that if in future there is a liability on your business, it can be connected to you. You are allowed to pick a name of your choice as your business name, but if the name is already taken by someone else then you will not be allowed to use that name for your business unless you are in a totally unrelated business.

That is why business naming should be done carefully and you should file DBA only after checking that the name is available. For that a search for the business name can be conducted and the report will tell you whether that name is available. If the name is available you can register the business name.

Business name registration will allow you to enter into contract with that fictitious name, open bank account, and cash checks for the business name. The registered name also gives you the safety of exclusivity because no other company in the same field will be allowed to operate with that name.

That is why it is very important to have a DBA, and you should get one even before you start doing business.

Registering a business name requires you to disclose a lot of information and filling up the form itself requires knowledge of the legal framework and requirements. That is why many individuals feel lost when confronted with the paperwork. Luckily it is not vital to do all the formalities yourself and you can hire a consultant who can carry out the formalities on your behalf.

Since so many business need to file DBA, there is a pretty big number of consultants specializing in this all over America. Many local lawyers practicing company law also provided DBA filing and consultancy services. If you need advice, you can contact a lawyer or look online for help on filing a DBA.

The consultant will check your form for inaccuracies advise you on name selection as per the local laws, and help you get your DBA application through as soon as possible with minimum expense.

These days even online websites have emerged to provide DBA consultancy and filing services. You can place a request online, get a quick quote, make your documents and the agency will file the DBA application on your behalf and carry out all the formalities. This removes the hassle from business name registration.

Raise Your Quills and Profit in 3 Easy Steps

Category:fitness | graphics and multimedia | industrial

What does a hedgehog have to do with increasing your income and profits? Everything, if you’ve read Jim Collins’ book, Good to Great.

The lessons learned in Collins’ book is focus doing ONE thing really well, be passionate about what you’re doing, know the profit drivers in your business, and you’ll generate higher income and profits.

Think about a hedgehog for a moment. His only defense against his predators (which would be your competitors) is to raise his quills. He outwits his predators and ‘wins’ by doing one thing very well-defending himself.

You can ‘act like a hedgehog’ by making sure you focus on exercising your natural strengths and talents in your business—and have other people do the things you’re not really good at doing.

For example, if you are great at speaking and writing, but are not very good at bookkeeping—write and speak, but have someone else play with and crunch the numbers.

The Hedgehog Concept contains three important points. To become successful, you must only do what you:

1. Are passionate about doing.

2. Can be the best in the world at doing

3. Can make money, increase your income, and profit while doing it

Without all three factors working together, you are doomed to mediocrity, and being a ‘non-player’ in your market.

Take a look at your own profession and single out the people who are very successful. Why do you think they are successful? I bet you’d find these people apply their time and energy doing activities they have a natural talent for doing.

If you apply the principles of the Hedgehog Concept, it becomes clear this is a formula you can follow to figure out where you excel. The result is you will increase your income and be more profitable in business!

Finding Your Personal Hedgehog Concept

You can identify your Hedgehog Concept by doing a ‘Personal Hedgehog Inventory’. The great thing about doing a Personal Hedgehog Inventory is it tells you to “do” certain activities; “stop” doing some activities; and “continue” with other activities. This process helps you confront the truth about:

* What you are passionate about

* What you have a natural talent for doing

* How you can make money, increase income, and profit

By applying the Personal Hedgehog Inventory, you will identify a path to greater joy and passion in your life, as well as increase your income and success in business!