How to Price Your Product
Tailor Brands
by Terry OToole
2w ago
How to Price Your Product (4 Simple Steps to Create a Competitive Pricing Strategy) Home To determine your product’s best-selling price, you need to consider several things, like the cost of production, market demand, and competition. Several pricing strategies are available for you to use. Some you can implement immediately, others require time, research, and marketing dedication.  All are in today’s post.  Together, we’ll unravel the science behind product pricing so you earn a profit and beat your competitors. What is product pricing? Product pricing involves calculating ..read more
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How to Start a Sole Proprietorship in Texas
Tailor Brands
by Terry OToole
2w ago
How to Start a Sole Proprietorship in Texas Home It’s easy to start a sole proprietorship in Texas; you just start working. However, when things seem too easy, there’s usually a catch or two! For example, you don’t have to register your sole proprietorship with the Texas Secretary of State’s office or pay a fee. However, you might need specific licenses or permits at the state or local level. Nor do you need an EIN, but 2 essential reasons exist for why you might get one. And besides licenses and an EIN, you should consider taking other steps (while only sometimes necessary) that could ..read more
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How Much Does a Business License Cost in Texas?
Tailor Brands
by Terry OToole
3w ago
How Much Does a Business License Cost in Texas? Home To answer the question: How much does a business license cost in Texas? You must first ask 2 others: Does your business need a license?  And if so, which one? We ask which one because Texas doesn’t implement a general business license, so there isn’t a fixed cost. Instead, you must apply for separate business licenses (and often permits) relative to your niche and location! That can be confusing, and if you trade without the appropriate license, also illegal! Fear not, though, because this post untangles the Texas web of business ..read more
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How to Start a Vending Machine Business
Tailor Brands
by Terry OToole
1M ago
How to Start a Vending Machine Business Home Great business ideas remain relevant because they provide value to society, adapt to consumer needs, embrace modern technology, and allow for affordable brand expansion.  Starting a vending machine business ticks all those boxes.  The earliest dates to the first century, dispensing holy water. Jump to the mid 18 century: stamps, postcards, and newspapers. And in 1888, Tutti-Frutti gum hit the New York subways. Today you can buy pizza, wasabi beef, Norwegian salmon, fries, medical prescriptions, and marijuana using an app. Add low st ..read more
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How to Create a Financial Plan for Your Business
Tailor Brands
by Terry OToole
1M ago
How to Create a Financial Plan for Your Business Home A wise old Certified Public Accountant gave me some priceless advice when I began my entrepreneurial journey. “If the math doesn’t work, neither will your business.”  Upon seeing my blank expression, he explained it a little further. “A successful business earns more than it spends, and you ensure that happens (within reason) by creating a financial plan that controls every dollar you make.” How so? I asked. “Because your financial plan empowers you to control your cash flow, prepare for uncertainties, and take advantage of futu ..read more
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11 best accounting software for small business 2024
Tailor Brands
by Terry OToole
1M ago
11 Best Accounting Software for Small Business 2024 Home Bookkeeping is part of all small business operations, but only some can afford a full-time accountant. For many business owners, that means maintaining their accounts, taking up hours of their precious time.  Accounting software is an affordable solution.  It helps you track your cash flow (how money moves in and out of your business) and provides an easy-to-understand overview of your financial health. But with a packed accounting software landscape to choose from and too few spare hours in the day, researching the best ..read more
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Operating Agreement Vs Articles of Organization
Tailor Brands
by Terry OToole
1M ago
Operating Agreement Vs Articles of Organization: What is the Difference and Why it's Important for Your Business Home All future LLC business owners should learn the difference between an operating agreement and articles of organization for 2 crucial reasons. You need one to start your LLC. And the other to avoid internal conflicts and keep your limited liability intact.  The first is a legal must, the 2nd an optional extra in 45 of the 50 U.S. states. Now, filing government forms is tedious work, and an optional extra might not sound appealing. But odds are, you’ll need both ..read more
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How Much does a Business License Cost in Florida?
Tailor Brands
by Terry OToole
1M ago
How Much Does a Business License Cost in Florida? Home The Sunshine State is a great place to start a business because it doesn’t charge individuals or separate entities (like LLCs or sole proprietorships) income tax, corporation tax is only 5.5%, and sales tax is a reasonable 6.6%. But before you start a business in Florida, you must know what business licenses you need and their costs. So, how much does a business license cost in Florida? Let’s find out.  What is a business license? A business license is a general term for any licenses, permits, or certifications your state, coun ..read more
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What is a Virtual Mailbox for Small Business?
Tailor Brands
by Terry OToole
1M ago
What is a Virtual Mailbox for Small Business? Home Even though we live in an ever-increasing digital world, most entrepreneurs starting small businesses (and many individuals) need a physical address to receive mail or packages. And if you’re a remote business owner, a full-time traveler, a digital nomad, or a home-based business owner who wants to separate your personal and private business addresses, that can be a problem! Here’s where a virtual mailbox for small businesses provides a convenient and affordable solution. But you might have some doubts about using one! If so, allow us t ..read more
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Grants for Women-Owned Small Businesses (And How to Apply in 2024)
Tailor Brands
by Terry OToole
2M ago
Grants for Women-Owned Small Businesses (And How to Apply in 2024) Home Are you interested in starting an independent business, in addition to or instead of your job, to diversify your income stream, build equity, and create more financial resilience? Great! This post is for you. In it, you’ll find a list of US-based business grants aimed at women from all backgrounds. Federal government small-business grants for women Small-business federal government grants are for specific purposes, like businesses in rural areas and development projects. While federal grants aren’t for daily exp ..read more
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