Here’s our weekly link roundup of small business buzz, musings and muchness. A curation of the best small business talk around the web.
7 Biggest Tax Mistakes New Startups Make “If you don’t think about taxes until your company starts earning revenue, you’ve waited too long. While the IRS may not be especially interested in your company until you’ve been funded and have some capital, you need to think about taxes from the outset — to avoid tax trouble down the line, and to save money through deductions.” (Forbes)
Will the Real Crowd Funding Model Please Stand Up? “The new hot topic for entrepreneurs these days is crowd funding, which is anticipated to at least supplement, if not replace, the slow and mysterious process of current Angel and venture capital investors. The problem is that crowd funding means something different to everyone, and even I have been confused by the different ways the term gets used.” (Business Insider)
Patents Are Worthwhile For Startups To Pursue In the US, But Not Abroad “Filing for patent applications, whether in the U.S. or abroad, is an expensive proposition even for well established companies. I have previously argued here that despite these costs, filing for U.S. patents is worthwhile because U.S. patents provide an additional value proposition to potential acquirers of startups.” (TechCrunch)
Startups that can’t execute are doomed to fail “In simple terms, execution is when a business makes the right strategic and tactical decisions to capitalize on the opportunities in front of it. In many ways, it can be the most difficult hurdle for a startup because there are so many variables out of its control.” (The Globe and Mail)
What to Do When You’re Drowning in Email “In a world where sending and responding to emails has become so time-consuming it can eat up entire days at the office, one email expert says the act of emailing is being mistaken for actual work.” (Fox Business)
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