I really appreciate this video it was very helpful, and answer all my questions they gave me a step-by-step plan, and I read so much stuff it all confused me but you put it all together for me thank you and I really do mean that!
Your channel is my new favorite on RU-vid. I have been "in the process" of starting my own business for a ridiculous amount of time. I am a bit of an over planner and am definitely my own worst enemy. I wish I would have come across your videos when I first started down the RU-vid rabbit hole a little over a year and a half ago. Don't get me wrong, I have learned a wealth of info and found some amazing other channels in that time. I have only watched 3 of your vids so far and I am delighted to say that in 45 mins-ish, I went from "in the process" to "hell yeah, let's do this!" The levity that you bring into all the seriousness dissolved the anxiety that has been building for over a year and a half!! You sir, are a Rockstar. Thank you, thank you, thank you! Wish me luck!!
You are very punctual, precise, and have great information. Your video edits and effects are on point. I've thought of a business idea we can use your talent with taking over the world's video industry. On another note Im working on a trillion dollar energy plan that I've should of done 15 years prior. Thanks for the info and impressive detail in video💯👍🏾
I really appreciate this video it was very helpful, and answer all my questions they gave me a step-by-step plan, and I read so much stuff it all confused me but you put it all together for me thank you and I really do mean that!
Business plans are essential to think, reflect, and consider internal and external factors that affect a business's profitability. Your burger restaurant example makes a lot of sense. Thanks for sharing!
Sir thank you, so much for the this video with the inclusion of the visual aid “PowerPoint”presentation definitely graduated high school 06 this is how we learned!
Even with a great idea, team and plan, your business success depends on how well you can manage your business's finances. ... Knowing how much money is coming in and going out of your business each month (its cash flow) can also help you make strategic, fact-based decisions.
Thanks man appreciate the video! Do you have a specific accounting software you recommend? I know quickbooks is well known and widely used, I'm not really familiar with any alternatives
Thank you for your video! When applying for an EIN if you haven’t officially launched your business but are just in the planning stages what is appropriate to put for the start date? Also should you choose to file annually or quarterly when starting out? Thank you in advance!
Generally, you'll have an LLC taxed as an S-corp, provided you are earning enough that you can pay yourself a reasonable salary, and have K1 income leftover to take out of the business. Usually, the point it makes sense is about $40-50k (that you pay yourself from the business). Having an LLC gives you liability protection from business operations. It also acts as S-corp insurance, where in the case it makes sense for you to make the S election, you can back date it and be taxed as an S-corp, up to one year, with the help of a good lawyer.
I have certain questions that will be easier to ask in a chat or over the phone. I really like the way you explain things and have a clear way to have others understand the concepts. is there a way that I can get in touch with you directly?
Thanks for these steps! I have a question! I want to make an online business. How do I choose the address for the business? Do you have a video on this? Operating an online business, but living somewhere else?
So blessed to have found this account I'm a college student and all of this is kind of scary. It's nice getting clarity and being able to learn the necessities.
the information only makes sense if you're larger. if you have a warehouse or dropship alot of product sure. but if you're just starting out this isn't needed. most people I know have a 9-5 including myself to fund that dream. I have a timeline where I'll be able to quit but not right now.
If I was starting a retail shop or restaurant, how is it any different than before??? Rent, insurance, products, accountant, helpers that already seems like 50k how can the average Joe start, after years of saving or can bank give you a loan???
If your a sole proprietorship while getting started why not get business insurance to cover you and your business. This would allow you to build until you can become a LLC no?
In 1985 at 22 years old I started my first real business. This was info that would have been helpful back the. Good job. Until you create something and put it before customers your understanding if civilization is very incomplete. I belive the most underestimated public good from free market capitalism is that it requires people to be honest and trust others. These are two of the primary building blocks of a working civilization. Communists and socialists easily miss this detail.
