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Getting Started

New to home-based business? Learn about the essentials of setting up and running a successful business from home, including choosing the right business structure and tools.

  1. Key Takeaways Understand Overdrafts: Overdrafts offer a safety net for small businesses, allowing access to funds beyond the account balance for unexpected expenses and cash flow gaps. Monitor Your Finances: Regularly tracking your business account transactions can help prevent overdrafts and keep your finances in check. Set a Repayment Plan: Establishing a clear repayment timeline for overdraft amounts is crucial to minimize interest and fees. Use Wisely: Treat overdrafts as a short-term solution for urgent needs, rather than relying on them for regular expenses to avoid a cycle of debt. Explore Alternatives: Consider options like business lines of credit and shor…

  2. Key Takeaways Incorporation Basics: Incorporating your business establishes it as a separate legal entity, affecting liability, taxes, and growth potential; choose the structure that best fits your needs (LLC, corporation, etc.). Financial Organization: Open a corporate bank account to separate personal and business finances, simplify tax preparation, and enhance business credibility. Tax Compliance: Understand and meet your tax obligations by obtaining an Employer Identification Number (EIN) and keeping accurate records to avoid penalties. Ongoing Compliance: Maintain proper records, conduct annual meetings, and file necessary reports to ensure compliance with stat…

  3. Key Takeaways Refine Your Business Idea: Begin by clearly understanding and refining your business concept to align with market needs and personal skills, which sets a solid foundation for your venture. Conduct Thorough Market Research: Analyze consumer behavior, identify competitors, and gather insights about your target audience to tailor your offerings effectively. Develop a Comprehensive Business Plan: Create a detailed business plan outlining your mission, market analysis, operational strategy, and financial projections to guide your startup and attract potential investors. Choose the Right Legal Structure: Evaluate and select a suitable legal structure (e.g., …

  4. Key Takeaways Importance of Gift Shipping: Timely and accurate shipping is vital for customer retention and brand reputation, ensuring a positive gifting experience.Types of Gifts: Understand different categories of gifts, such as physical goods, gift baskets, digital items, and subscription services, each requiring tailored shipping strategies.Choosing Packaging Wisely: Use sturdy packaging and protective materials to secure gifts during transit, and consider reusing boxes with proper care to enhance customer satisfaction.Selecting Shipping Services: Evaluate various carriers for reliability, speed, and cost, and ensure you offer tracking options to keep customers info…

  5. Key Takeaways Understand Blogging Basics: Grasp the fundamentals of blogging, including its purpose and the various types of blogs, to tailor your content strategy effectively. Choose Your Niche: Select a niche that aligns with your passions and expertise, and identify your target audience to create valuable content that resonates with readers. Pick the Right Platform: Evaluate blogging platforms for customization, ease of use, and support features to establish a professional online presence. Create Quality Content: Focus on producing engaging and well-researched articles that provide valuable insights, utilizing storytelling and visuals to captivate your audience. …

  6. Key Takeaways Expect Challenges: Starting a business is not just about freedom; it’s filled with challenges that require determination and resilience to overcome. Myth vs. Reality: Many misconceptions exist about entrepreneurship, including the ease of launching a business and achieving immediate success; thorough planning and time commitment are essential. Financial Management is Key: Understanding startup costs and diverse funding options is crucial for sustaining your business. A solid budget can help track expenses and forecast profits effectively. Importance of Market Research and Planning: Conducting comprehensive market research and crafting a detailed busine…

  7. Etsy has unveiled a new AI-powered discovery experience on its app, designed to help shoppers find unique, personalized items through a more engaging and curated browsing interface. The announcement, made on April 9, 2025, highlights Etsy’s efforts to distinguish its platform from the broader e-commerce landscape, where product listings often appear repetitive and lack individuality. With a marketplace of over 100 million items across various styles and categories, Etsy aims to use this latest feature to spotlight the individuality and creativity of its sellers. The new discovery experience is focused on transforming how users browse the Etsy app by offering visually ric…

  8. Etsy has rolled out a series of new tools and features aimed at enhancing the seller experience as part of its Spring 2025 platform update. The changes, now live across Etsy.com and the Etsy Seller app, focus on improved listing capabilities, streamlined shop management, and upgraded support and advertising tools for sellers. Enhanced Listing Creation Tools Sellers using the Etsy Seller app can now take advantage of new photo tools designed to improve the speed and ease of listing creation. These tools include background photo processing for uninterrupted work, advanced photo editing capabilities, and the ability to create and save custom photo filters to maintain visual…

  9. Quick Response codes, also known as QR codes, serve as efficient tools for swiftly navigating various internet sites. If you’ve been wondering how to create a QR code, this guide is here to provide assistance. QR codes aim to facilitate users in obtaining speedy access to certain content without the need to manually input the URL. By simply aligning their smartphone’s camera with a QR code, users can be led to a specific online location. This can involve a wide range of activities such as mobile ticketing, presenting multimedia content, accessing a restaurant’s menu, incorporating a VR card contact into a user’s device, or guiding users to a specific webpage without typ…

  10. Key Takeaways Bonding & Skill Development: Starting a business with your kids fosters family bonding while teaching them essential life skills such as responsibility and teamwork. Financial Literacy: Involving children in business helps them learn financial fundamentals, including budgeting, expense tracking, and understanding profit margins. Creativity & Innovation: Collaborating on a business allows kids to express creativity, develop problem-solving skills, and think critically about branding and marketing. Variety of Business Ideas: Options for businesses include online ventures, local services, and handmade products, each providing unique opportunities …

  11. Key Takeaways Franchising Opportunities: Franchising offers a lower-risk pathway to business ownership with established brands and business models, making it an appealing option for aspiring entrepreneurs.Diverse Franchise Options: There is a vast array of franchise ideas across industries such as food service, retail, and service-based sectors, allowing potential franchisees to find the right fit for their interests and budget.Benefits of Brand Recognition: Joining a franchise provides instant access to a trusted brand, accelerating customer acquisition and increasing the likelihood of profitability compared to starting an independent business.Comprehensive Support and…

  12. Key Takeaways Create Magical Experiences: Hiring a professional Santa enhances holiday events, fostering joy and excitement that resonate long after the celebration. Customization Options: Tailor the Santa experience to suit the theme and goals of your event, including personalized stories and activities for a unique touch. Experience Matters: Choose a Santa with ample experience and verified credibility to ensure a professional encounter that engages all guests. Understand Pricing: Budget for Santa services, which typically range from $100 to $200 per hour, to ensure alignment with your overall event strategy. Plan Ahead: Secure your Santa well in advance to avoid…

  13. Understanding the intricate relationship between customer experience (CX) and brand loyalty is a must in today’s dynamic business landscape. As consumer behavior evolves, so does the concept of brand devotion. In this article, we go into 60 essential customer experience statistics, shedding light on the impact of positive experiences, customer loyalty, and emerging trends. Defining Customer Experience Customer experience (CX) refers to the overall perception and interaction a customer has with a brand throughout their entire journey. It encompasses every touchpoint, from initial awareness to post-purchase support. CX extends beyond individual transactions; it’s about bui…

  14. Ferrero North America has launched the 2025 Famous Amos Ingredients for Success (IFS) Entrepreneurs Initiative in partnership with the U.S. Black Chambers, Inc. Now in its fifth year, the program provides financial support and resources to early-stage Black business owners. This year, IFS will award a total of $150,000 in grants, with three recipients each receiving $50,000, along with mentorship and access to networking and educational tools. The IFS initiative was created to honor the legacy of Wally Amos, the founder of Famous Amos, and to celebrate the qualities that make business owners unique. “Wally Amos was boldly original, and his vision and impact are still par…

  15. FedEx has released its 2025 E-Commerce Trends to Watch Report, detailing how shifting consumer expectations are shaping the competitive landscape for digital retailers. The report, produced in collaboration with C Space, underscores the growing importance of convenience, seamless returns, and social media-driven brand engagement as key factors for success. Consumer expectations in e-commerce are increasingly centered around a frictionless shopping journey. According to the report, more than 80% of shoppers prioritize convenience, with home delivery (81%), free shipping (76%), and real-time tracking (68%) cited as essential features. Returns also play a significant role …

  16. Key Takeaways Embrace Passion and Purpose: Align your business goals with your core values to foster motivation and customer loyalty.Identify Your Niche: Conduct thorough market research to find gaps you can fill, ensuring a unique business model that attracts your target audience.Develop Essential Skills: Focus on business management, communication, time management, and financial literacy to navigate challenges effectively.Build a Support Network: Connect with mentors, advisors, and entrepreneurial communities for guidance, resource sharing, and collaboration opportunities.Overcome Self-Doubt: Use a clear business plan and positive self-talk, along with a supportive ne…

  17. Fiverr (NYSE: FVRR) has introduced new subscription plans for Fiverr Pro and launched a Team Account feature, marking a significant step in its upmarket expansion. The updates, part of Fiverr’s 2025 Winter Product Release, are designed to provide businesses and freelancers with greater flexibility, efficiency, and scalability. Fiverr’s new subscription-based Pro plans are structured to reward businesses as their order volume increases. These plans provide growing companies with enhanced tools and dedicated support to optimize their freelance hiring process. Fiverr Pro Essential – Tailored for businesses spending $1,000 or more annually, this plan offers vetted talent, …

  18. Fiverr has introduced a new Freelancer Equity Program aimed at providing top-performing U.S.-based freelancers on its platform with a financial stake in the company. The initiative offers eligible freelancers up to $10,000 in Fiverr shares, with equity grants distributed over four years based on annual eligibility requirements. The program arrives as the freelance economy continues its rapid growth, with projections indicating that freelancers could make up half of the U.S. workforce by 2027. Fiverr describes the program as a way to deliver additional financial value to freelancers beyond their regular earnings. “Freelancers are the backbone of today’s economy and the h…

  19. Fiverr has introduced a Freelancer Equity Program, granting shares to top-performing, eligible freelancers based in the United States. The initiative aims to provide financial benefits beyond traditional earnings, reinforcing Fiverr’s commitment to its freelancer community. As freelancers are projected to represent half of the U.S. workforce by 2027, Fiverr sees this program as a means of offering additional financial incentives. The program will provide up to $10,000 in Fiverr shares to eligible freelancers, with equity grants distributed over four years based on annual eligibility requirements. “Freelancers are the backbone of today’s economy and the heart of Fiverr’s…

  20. The City of Flint, in partnership with LISC Flint, has launched the Flint Small Business Rescue Fund, a one-time grant initiative aimed at supporting local businesses still recovering from the economic impacts of the COVID-19 pandemic. Funded by American Rescue Plan Act (ARPA) dollars, the program will provide reimbursement grants of up to $20,000 to 20 eligible small businesses located within Flint city limits. The application period opens April 18 and runs through April 30, 2025. Businesses must demonstrate qualifying expenses incurred between March 3, 2020, and October 31, 2023, to be considered. Eligible expenses include payroll, rent, utilities, equipment purchases,…

  21. What is a 1099 form, and how is it used? Most U.S.-based business owners have issued 1099 tax forms to independent contractors, keeping them in compliance with the Internal Revenue Service. However, there are several other scenarios in which a small business owner would issue or receive a type of 1099. Do you know the 1099 rules? Are you curious about who should get a 1099 form, how to issue one, or what rules apply in different scenarios? In this article, we’ll provide the answers to these questions about 1099 forms and more. What Is a 1099 Form? The 1099 form, issued by the Internal Revenue Service in the United States, serves several specific purposes, each with a di…

  22. Key Takeaways Franchise vs Corporate: Franchising offers a proven business model and brand recognition, while corporate structures provide greater control and flexibility in operations.Ownership Structure: Franchisees operate under a franchisor’s brand, while corporate owners control the entire business, including all locations and decisions.Operational Control: Franchisees adhere to the franchisor’s guidelines, which streamline operations, whereas corporate owners have complete autonomy over their business practices.Profit Distribution: Franchisees share profits with the franchisor through fees, whereas corporate owners retain all profits, allowing for more reinvestmen…

  23. Started by ResidentialBusiness,

    Exploring franchises under 50k offers a pathway to business ownership without requiring a hefty upfront investment. Contrary to popular belief, entering the world of franchising doesn’t always necessitate a six-figure sum. For aspiring entrepreneurs with a budget of $50,000 or less, a wealth of franchising opportunities awaits that blend affordability with the potential for robust business growth. Here, we present a carefully curated list of 28 top franchises under $50K, providing you with accessible options to kickstart your entrepreneurial journey. But first, let’s review some important things to know before buying your dream franchise. READ MORE: See our Franchise …

  24. A new report released by Frontegg highlights a growing frustration among American consumers over login issues, especially password resets, which are pushing users to abandon purchases, accounts, and even paid subscriptions. The findings suggest that businesses may be losing significant revenue due to cumbersome authentication processes. According to the study, 87% of Americans have abandoned an account sign-up or purchase because of login difficulties. Password-related obstacles top the list, with 42% saying they’ve ditched an online cart specifically because they needed to reset a password to check out. The data underscores the delicate balance companies must strike bet…