Setting up a business bank account is critical as you attempt to establish commercial credit and keep good accounting records, writes Michelle Black. She discusses required documentation and provides answers to common questions.
YouTube content creators can timestamp specific information within a video, which makes it easier for searchers to find what they want, Gene Marks writes. Other tech news includes an extension of support for Microsoft's Exchange Server 2010 and new marketing tools on GoDaddy.
Entrepreneurs can lean on their agility and tenacity to compete against established, big-budget companies, consultant Larry Alton writes. He advises innovating the business model, aligning with a cause and discovering what differentiates your company.
The IRS has offered a deal to about 200 taxpayers who are being audited for their use of captive insurance. Captive insurance arrangements can be a legitimate way for companies to insure themselves against various risks, but they can also be used for tax-avoidance schemes.
Accountant Vanessa Duran advises small-business owners to start their budgeting process by thinking about how much they are going to pay themselves. Other tips include streamlining the tracking process, remembering deductions and seeking help when necessary.
Google is testing Stride, an online community where small-business owners can ask one another for advice, in Portland, Ore. More than 150 companies are registered to the website.
A TITLE Boxing Club in Iowa is teaming up with an independent gym in a first-of-its-kind arrangement for the brand. TITLE Boxing in Iowa City moved in to the Thrive Gym space in Coralville, where the businesses share staff and resources but maintain separate membership programs.
Among other things, Cherry Hearn plans to focus on integration, training and third-party delivery relationships as she begins her tenure as president of Which Wich. Hearn discusses how her experience as a franchisee and general counsel gives her a big-picture view of the company.
Franchise marketing executives explain how they develop strategies and include other stakeholders in the process. Katherine LeBlanc of Painting with a Twist notes that franchisees and other departments are involved, and this "allows the message to spread quickly across the system."