Just because you’re a startup, doesn’t mean you won’t need it.
I know business plans aren’t in vogue. They’re not popular. Many of the startups that I talk to either don’t have one or laugh at the idea of writing one. They’ve read the Lean Startup, and all they’ve taken away from the book is “fuck planning, startups don’t need it” — which totally misses the entire point of it.
So when I ask them about their business, they’re vague. Vague, unfocused and messy. They don’t have their stories straight, or their products straight, or a clear vision for where the company is going. Each individual member of the team has a completely different concept in their heads.
A business plan isn’t necessarily what a VC firm are going to want to see — although trust me, they don’t hate them as much as startup scene kids think — but it is a pretty vital document for most young companies. Because creating a business plan puts everyone in tune.
Even lean companies still need a business plan.
I know the lean methodology, and it works extremely well for product development. In an ideal world, it would work for building a company in the exact same way. Unfortunately, a company is an organisation that does need something else to hold it together, because all it really is, is a loose collection of people who are vaguely aligned in a business sense.
That’s the purpose of a business plan, it’s to give everyone involved with a company a clear document that lets them know whether they’ve won or lost, grown or stagnated, met or missed their goals. A business plan doesn’t need to be complicated, and it could start out only being a few pages of clear language that expresses the following things:
What your product is, and what it does, and why
Your strategy for bringing that product to market
Details about your revenue model
Goals and milestones
The method you’ll use to know if you’ve failed
Your customer personas and target market
Your financial needs
Don’t stress about trying to churn out an overblown, old-school-MBA business plan that takes up 60 pages and has a complete appendix. In fact, I would try to keep your plan as short and sweet as possible. When I write a business plan, if I can’t express the whole thing in less than 10 pages, that’s my first hint that the business is too fucking complicated, or I don’t understand enough about it.
When you first write it, your founding team should all be involved. This is your chance to hash out the differences and discover whether anyone is out of sync. You can analyse their points of view, and work to define what your startup is trying to achieve in terms of product development, growth, business model and culture. Your business plan is the working blueprint that you’re going to be using to create a company together, and it’s important that everyone on the founding team has a say in it.
If you’re a sole founder, try and pull in some people you trust who can work with you on the plan to challenge your ideas and preconceptions.
Creating a plan is a team exercise.
I think a startup team should come together to work on a business plan as a regular, on-going activity. It’s not a document that gets finished and thrown away, it should be something that is looked at and worked through on a monthly basis. That kind of activity will make sure you don’t veer off course or lose focus, and it will prevent anyone from your team from losing track of what they should be doing and what their role is in the company.
Once your document has reached its first draft stage, in that it hits all the right points and includes all the necessary information, make it the focus of a monthly session where you set aside a strict 30 time limit to walk through the document and ask the following questions:
Are we following this plan?
If not, is there a good reason that could show a problem with the plan?
What goals have been reached?
What’s changed in our strategy?
Does the plan still represent our company?
I think there’s something dangerous about completely rejecting traditional parts of business planning and operations. There are founders out there who have read all the current books, and are up to date with the latest ideas in startups, but they don’t know the basics of business.
They’re in the kitchen trying to follow a complicated recipe, when they’ve never learned how to preheat an oven.
Call me crazy, but I don’t have a lot of faith in those entrepreneurs. They’ve forgotten that a startup is a business, and it needs the same amount of groundwork. Rejecting a business plan, the concept of it, because it’s not in vogue is a short sighted thing to do.
You might call me out on this, and maybe you’ve got the years of strategy experience to tell me I’m wrong. But most younger entrepreneurs, starting out with their first company, don’t have that knowledge. They’re fumbling blind, and they don’t know the ropes.
For them, a business plan is going to be a crucial document, because writing it and analyzing it is going to keep them moving forward, with a clearer idea of what their company is, what it’s not, and what they want it to be.
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Jon Westenberg has appeared and published in Business Insider, Inc.com, TIME and dozens of other publications, talking about startup entrepreneurship, writing and innovation. Jon has helped hundreds of businesses worldwide grow their audience and take control of their future. Jon is an investor, an entrepreneur and a dreamer.
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XTL is a clinical-stage biotech dedicated to developing pharmaceutical products to treat autoimmune diseases such as lupus. The biotech’s lead drug candidate, hCDR1, is a top-quality clinical asset for the treatment of systemic lupus erythematosus (SLE). The drug hCDR1 has comprehensive clinical data in three trials of over 400 patients which showed the novel compound has a favorable safety profile, is well-tolerated by patients and is efficient in several clinically meaningful endpoints. The company expects to initiate a Phase 2 clinical trial of hCDR1 in 2016.
“We are very pleased to accept the Lupus Foundation of America’s invitation to join its Corporate Advisory Council and work with our co-members in an effort to advance effective treatments for systemic lupus erythematosus (SLE), which continues to represent a significant unmet medical need,” XTL’s CEO, Josh Levine, said in a press release. “We look forward to an exchange of industry-advancing ideas with colleagues and sharing our development experience with our lead asset, hCDR1.”
“Having recently received encouraging feedback from the U.S. Food and Drug Administration on our pre-investigational new drug [IND] meeting package for hCDR1 in the treatment of SLE, we expect to file the IND shortly and initiate the Phase 2 study in the second half of 2016,” Levine said.
The LFA-CAC is a partnership of biotech and biopharma industry representatives established by the LFA to accelerate the development of an arsenal of treatments for lupus and getting them to the people who need it the most.
“We welcome XTL Biopharmaceuticals as a new member of our Corporate Advisory Council,” LFA President and CEO Sandra C. Raymond said. “XTL joins our global network of lupus scientists, physicians, industry leaders and people with lupus to help improve how new drugs are tested and evaluated so we can deliver more targeted and safer treatments to people with lupus faster. We are pleased to see the re-emergence of research on the drug candidate, hCDR1 (edratide), as a potential new treatment for lupus under XTL.”
These cards inspire classical tradition that only mother nature can provide. Are you handing out cards that feel cheap and look like every other business card you see? Never again will your card get lost in the shuffle or thrown away. Our wood laser engraved businesss cards or wood UV printed business cards are perfect for builders, carpenters, woodworkers, designers, or anyone else who wants something unique. Make that lasting impression with wood business cards.
Three types of wood
Alder is a warm and inviting with an orangish hue.
Maple is clean and modern with a lighter color grain.
Mahagony features the darkest grain that has a rich and strong feel.
When engraved the wood reveals a darker color grain underneath. Or we can print in full color on the wood. Our cards are 3/32″ thick (roughly the thickness of two credit cards) and made of sustainable, 100% biodegradable wood. Most wooden cards offered by other companies are only a thin veneer not much thicker then a traditional paper business card. We use only the finest materials available and can feel the difference when holding our cards. They truely have a nice aesthetic feel and rustic charm to them.
Minimum 100 cards per order. Custom sizes and bulk pricing available. The wood product range is not limited to just business cards. Other sizes and shapes are available including wedding invites, signs, hangtags, and more. These products are perfect for anyone who wants to combine an all natural style with a touch of class. Typical turn around time is 7-10 business days, usually faster if we have all the material in stock. We currently offer three different materials – plastic business cards, metal business cards, and wood business cards.
What type of wood is used for the business cards?
We currently stock Mahogany, Maple and Alder wood. We also offer Oak by special request.
Can you engrave or print on both sides?
Yes we can engrave or print on both sides of the card if desired.
Can you cut through the wood?
Yes we can cut through the wood and have interior cuts in the middle or a unique shape along the edge of the card.
How thick are your wood cards?
Unlike most wood business cards on the market which are only a thin veneer our cards are made of real wood and are 3/32” thick, roughly the same thickness as two credit cards.
Can I have a custom size?
Yes we can do custom sizes both larger and smaller than the traditional 3.5”x2” business card size. The price per card will increase or decrease depending on the size compared to a traditional size.
Can I print a color on the business card?
Yes we can print in full color, or laser engrave on the wood.
Can I have straight corners instead of rounded?
By default all cards come with slightly rounded edges. If you’d like straight corners just request that when submitting your artwork.
I don’t have a design, can you help?
We can help you come up with a design for a small fee. Just email us your logo in a vector format and whatever info you want on the card.
Original article and pictures take digitalskratch.com site
Over the years I have discovered that the KISS method of marketing has always allowed me to make more money than anything which has been extremely complicated. This website is a great example of that. When I first started it, I had a grandiose plan which encompassed way to many things. Eventually I learned that all I was doing was making things so complicated that there was no way it would be profitable.
Now, by using the KISS Method (Keep it Simple Stupid), I have found that not only is my business easier to run, but it is far more efficient than it has ever been.
In fact, at once point I was going to abandon this website and the ideas behind it, but now I am moving forward with it. I have a clear and simple vision for it which will not only help me, but also help those who visit and join.
By now you are asking yourself: What does this have to do with switching from Convertkit from Active Campaign? It has everything to do with it. Here's why.
From Complex to Simple
First and foremost I have to say I love ActiveCampaign and I still have an account with them. The problem is, the feature set which allowed me to create complex email automations based on user behavior was great, but the processes which allowed me to create email content were not.
I found it was taking me tons of time to create a single email and when I wanted to create an email sequence of any kind, it took forever. It just wasn't what I liked or wanted, so I began to search around for something which had a lot of the same power that ActiveCampaign has, but without the complexity.
Fast forward to July 2016. I was looking through a recommended reading list I put together back in September 2015 and was getting ready to delete it when I saw an old blog post from my favorite WordPress Theme company Thrive Themes. They had posted an article and video showing off their new integration for Convertkit with Thrive Leads. I clicked on the link and ultimately decided to take a look at this new service I had heard a little about, yet didn't really know anything about.
After watching several videos I was taken in by their main marketing message. Email Marketing for Professional Bloggers. But not only that, I was taken in by the "why" in their message. They said they wanted to create something "simple" yet elegant and powerful.
Simple.
With this in mind I decided it was time to take a deeper look. I wanted to see if their version of simple and powerful met my needs and more importantly; allowed me to improve my productivity and streamline my business systems and processes.
Here is what I found.
Subscribers and Integrations
ActiveCampaign integrates with everything. Their API is fantastic and I never had a single issue with getting new subscribers. In fact, using an Exit Pop on my viral sites via Thrive Leads and AC I average over 50 new leads per day per site.
How does Convertkit do after testing? The integration has worked seamlessly for me. In fact, not only does ConvertKit work with Thrive Leads just like AC does. It integrates with WordPress and quite a few of my other favorite tools as well.
Here are a few of their current integrations:
Being able to add new Subscribers via multiple different tools and services is an important feature for me. That being said, one of the things which really pulled me into Convertkit was the fact you can have Subscribers added multiple ways (Forms, Sequences, Tags, Purchases, Link Clicks, etc.).
More importantly though, these Subscribers are only added to your account once. So many services charge you for how many people are on each list you have, but in Convertkit there are no lists. You simply segment your Subscribers based on criteria you set.
Thrive Leads Shortcode could not be rendered, please check it in Thrive Leads Section!
Segmentation and Automation Rules
What does this mean?
It means that when you add a new Subscriber after they download a free ebook from you, the same Subscriber can make a purchase later and still only be added to your account once. Then when you want to send out an email sequence or broadcast, you simply select the Trigger or Segment for whom should receive your email.
The amount of Automation Rules for sending emails is incredible and with this you can also simply create segments of Subscribers for sending email sequences or single newsletter type broadcasts.
You can create even more complex segments in ActiveCampaign, but remember my reason for looking at Convertkit was simplicity. I wanted to simplify my systems and processes and once you see how this all works together seamlessly inside Convertkit you will agree it is very simple and easy to use.
Emails and Email Seqences
As I said in the beginning though, my main frustration with ActiveCampaign has been how long it takes me to create and write an email. If you haven't done this in AC, then you don't know how truly cumbersome it is. AC uses a modular system to build out Newsletters and it isn't easy to simply create a text type email at all.
What's even worse is that while AC thrives on being able to create complex automations for different actions based on user behavior, it can be quite timely to create an email sequence of any kind. It took me an hour and a half to put together a 4-email follow-up sequence for my grilling recipes site.
I was able to do the same type of email sequence in Convertkit in half the time. But even more so than being an efficient setup and system in Converkit, it is laid out so you can ensure all your emails flow together and make sense. They are all laid out in front of you in a very intuitive manner. Subjects and timelines are shown on the left and the actual email is on the right. The email Preview functions are fantastic as well. It is nice being able to see how things will look before you hit the send button.
Take a look: (*Courses are now called Sequences)
Single email blasts are just as easy and you can either create a new segment to send to or send to people you've Tagged, subscribed through a specific Form on your site, Purchased a product from you, downloaded an ebook, or a combination of all or none of these. The bonus is everything is simple and easy to use. I can send an email quickly and get instant feedback and reporting from Convertkit's awesome reporting features.
Conclusion
I'm sure you can tell by now that I am very happy with Convertkit. It might not have all the bells and whistles of ActiveCampaign, but for what it lacks in complexity, it makes up for in being highly efficient. Any tool which allows me to conduct my email marketing faster and better is a tool I need to use and promote to my followers.
So, if you are not happy with what you are using or if you are in the market for a simple, yet powerful email marketing service, I highly recommend Convertkit.
Original article and pictures take getstarted.net site
Why a Mastermind Group Can Accelerate Your Success (And How to Form One)
What if I told you that you can put yourself in a better position to succeed by simply sharing your time, either once a week or once a month, with other like-minded and motivated individuals?
Successful individuals such as Benjamin Franklin, J.R.R. Tolkien, Henry Ford and Thomas Edison, all met with groups of like-minded people on a regular basis, to help one another achieve common goals and grow. Today, this is called a “mastermind”, first coined by Napoleon Hill in 1925. In this article, I'm going to go over what a mastermind group is, how it can benefit you and your business, and how to form one, step-by-step.
Thomas Edison (left) and Henry Ford (right)
What Is a Mastermind?
A mastermind is a peer-mentoring group of individuals who meet on a regular basis (in-person or virtually) to push each other to work to their highest potential and hold each other accountable. Many successful entrepreneurs today, from Bill Gates to Pat Flynn, use masterminds to help grow their business and work on their personal development.
Jim Rohn, author and motivational speaker, tells us that we are the average of the five people we spend the most time with. Are the people you spend the most time with helping you with your personal development and business’ growth? This is where participating in and being a part of a mastermind group can improve that.
Why Join a Mastermind?
Accountability: The first reason I recommend any entrepreneur join a mastermind group is because the people in that group will keep you accountable.
Every week, in my mastermind group, we ask each member how their business is progressing and if they followed through on what they planned to do last week.
I never want to let the individuals in my group down, so when I say to the members in my group that I am going to do something, you can bet I wind up doing it to tell them about it the next time we meet.
Feedback: A mastermind group will give you feedback from people who are trying to build a business just like you. They have a special insight and mindset that is hard to find. Other like-minded entrepreneurs will tell you what’s wrong or right about your ideas with no bias. They are not your customers and they are not your competitors.
The people in your group can be your best source of advice at times when you’re unsure where to turn to. The members in my group have a very unique yet relevant perspective. This makes for some amazing feedback that has helped me tremendously when it comes to what direction to go in and what next steps to take for my business.
Collaboration: Not only does your mastermind group allow you collaborate on ideas but you can help people or get people in your group to help you with projects or tasks. While this isn’t the main function of a peer-mentoring group, as a result of meeting with other talented entrepreneurs on a regular basis, you might find opportunities to work with other members in your group.
There’s also an opportunity for you to cross-promote with other members in your group. Everyone in your group will likely be using social media and maybe even have a blog. In my mastermind, I’ve promoted their content on my Twitter account in exchange for being featured and interviewed on their blog.
Network: This is also a great way to network. You might connect with people, who know other people, that might be able to help you out or that you might be able to help out. The more you expand your network, the more doors open up for you.
Having connections and knowing people who might know people in various industries can come in handy when you least expect it.
Resourceful: The members in your group will likely be very diversified with many different specialties and areas of knowledge. Maybe you’re someone with a lot of knowledge in marketing but you need help with design. If there’s another member in your group that has a design background, you can help them with marketing while they help you with design.
The blending of different backgrounds, skills and knowledge creates a fantastic environment for you to learn, play off of your strengths and correct your weaknesses. I’ve learned a lot from the members of my mastermind group about topics I previously had no knowledge about. There will always be something unique that you can bring to your mastermind group and that others will bring that will be of value to you and the rest of the group.
Support: Besides being a support group to encourage you and keep you going when you encounter hard times in your business, your mastermind can be a place where members can get their questions answered and solutions to their problems.
Every week in my mastermind, someone is blown away by the quality of help and solutions they receive to their problems. It never ceases to amaze me how creative we can get, as a group, to tackle someone’s issues in that meeting.
What a Typical Mastermind Might Look Like
To give you an idea of what a mastermind looks like, here’s what mine looks like:
Every Tuesday night, I meet with three other online entrepreneurs. We meet using Google Hangouts, which is a free video call/chat software that is easy to use.
Once we all get on, we begin with a round-table style discussion. Each person has the chance to give everyone else an update on their business, their challenges and wins since the last meeting.
After everyone gets the opportunity to update the group, we usually feature or “hot seat” someone every meeting. This person gets the opportunity to go deeper with their challenges, and they also get a chance to get feedback from the group. Every meeting, the featured person changes. Sometimes, someone is featured simply because they might need the most help at that time. Most of the time however, everyone has a shot to be in the hot seat.
Sometimes the mastermind meeting will be more informal than this, and we just discuss our businesses as a group. Some of my best takeaways came when our sessions were informal and didn’t follow a structure.
These sessions usually don’t go on for more than an hour and they are extremely beneficial and a great investment of my time, every meeting.
How to Find or Form a Mastermind
The first thing you need to do is go where people like yourself congregate. If you’re an ecommerce entrepreneur, you don’t need to strictly look for other ecommerce entrepreneurs, instead look for other motivated entrepreneurs in any industry.
I recommend first starting with Meetup.com if you’re interested in meeting up with other entrepreneurs in person. Meetup.com has many groups of local entrepreneurs looking to connect that you can easily join for free. If you can’t find one, consider starting your own.
If you’re more interested in an online mastermind, I would recommend going to forums and Facebook groups for online entrepreneurs and ecommerce entrepreneurs.
You will probably have to take the initiative in these groups and ask if anyone else is interested in forming a mastermind with you. Don’t be afraid to put yourself out there.
As long as you don’t make it all about you and you are genuine in wanting to create a peer-mentoring group where entrepreneurs can help one another and grow together, people will be interested. Here’s a script similar to what I used when I was looking for other people to form a mastermind with me.
My name is Corey, I’m an entrepreneur and CEO of X. I’m interested in starting a mastermind, aka peer-mentoring group, with a few other motivated and ambitious entrepreneurs. You don’t need to be extremely knowledgeable or very successful. I’m just looking to meet with other entrepreneurs on a weekly basis, on Google Hangouts, where we can help one another and grow together. If you’re a positive person and serious about your business, I’d love to have you be a part of my mastermind group.
[a section talking about what you bring to the table, your specialities, skills and experience.]
If you’re interested, give me a little background on yourself, what you’d like to get out of this mastermind group, and what you think you can contribute and I’ll contact you!
From here, you will want to contact the interested individuals you think you would get along with and make a good fit for your group. It’s a good idea to vet everyone that is interested to first, ensure that they’re serious about joining the group, and second, to see if their goals and values align with yours and the rest of the group’s.
Once you get everyone’s emails, send out a spreadsheet, using Google Docs, to quickly determine everyone’s availability. Use this spreadsheet template to help you see what everyone’s availability is. You ideally want to have a weekly or monthly meeting at the same time and day every week to make it easy for everyone.
Once you see an alignment and a date and time that works for everyone, it’s time to contact all your members and schedule the first mastermind session.
Running Your First Mastermind
You should let your new group know what the structure will be like for the very first meeting. You’re all strangers and there might be some members who are nervous, so let them know what to expect to ease their anxiety.
Make it clear that the first meeting will be very informal and casual. Everyone should get an opportunity to introduce themselves, talk about their business and what they hope to get out of this mastermind group.
Tips
In the beginning, at least for the first several meetings, follow a format or keep to a structure for the meetings until there’s a lot of chemistry in the group.
Use software like Google Hangouts. Skype and Zoom are good alternatives as well. It’s best to ask your group, when you first send out the scheduling spreadsheet, what software they use or prefer.
It’s a good idea to try and find someone who is experienced and has run or participated in masterminds before (or even is already in one) to make your sessions run smoother since they can take the lead for those first few (potentially awkward) meetings.
While there’s no ideal number of members for your group, try to keep it relatively small. In my experience, a group size of 4-6 people works best. With too many members, the meetings might be too long and there might not be enough time for people to get an equal opportunity to share and get value.
Go out and Find a Mastermind
Now it’s your turn. You will need to take the initiative. You will need to put yourself out there and find the right people.
If you don’t know where to start looking, leave a comment below and let everyone else know you’re looking to join a mastermind! Who knows, you might find the group of people who will help your business grow as well as help theirs. If you have any questions and feedback about masterminds, be sure to let me know in the comments below as well.
Corey Ferreira is a passionate entrepreneur, coconut water lover and content creator at Shopify.
Original article and pictures take cdn.shopify.com site
Why A Business Manifesto is What You Need Right Now Have You Written Your Business Manifesto Yet-
The Business Manifesto is a living document that deserves to be continuously revisited, revised, refined until it’s core is stable enough to stand on it’s own.
In the past I’ve created a personal manifesto that helped change my life. I can honestly say that my life would definitely not be the same if I did not write and rewrite my manifesto over and over again.
On another day I’ll share the details of what is needed in a personal manifesto, but today let’s talk about a Business Manifesto. How to structure it and why it needs to be refined continuously.
The differences between a personal manifesto and a business manifesto are that although they are similar in beliefs, they are bigger than what you can achieve on your own. You need the help of others and you have to recruit others into your vision. The manifesto and the business itself, must stand on it’s own without needing you to move it forward. It is your business' philosophy statement.
The following are three simple questions to ask yourself as you build your business:
1) Who do You Build Your Business For?
Do you build your business for yourself or for others? This is your core reasoning and it’s not meant to reflect selfishness, but to bring forward clarity.
Personally, I work every single day to make sure my family is protected financially, for health and for wellness. You may work only for yourself and there’s nothing wrong with that, but you need to be clear on who you are building your business for.
2) What Do You Want Your Business to Do?
This can be defined as a system of moving parts, mechanical or not, but ultimately whatever your business is doing - it’s helping and solving a problem faced by many.
It’s the purpose that guides every exponential movement in your business. I say exponentially because you want your goals to be bigger and bigger with each achievement. The goals you create for your business at the beginning are going to be very closely related to yours, so be mindful that as long as you “man the ship”, you are tasked with keeping far enough distance from the rocks but close enough to the shore.
Build a business that emphasizes to be the best service or product. Don’t settle for mediocre but remember that you will be at the beginning. Until your refine the vision over and over.
3) Who Will Your Business Transform?
Your business should serve a specific vertical. One that you will serve relentlessly regardless of your niches path and decisions. If they Zag, you will Zag too - but just a little bit faster. Head up stream with them and protect them, they’ll reward you. Either by telling their friends or by giving you want you want. Or better yet both.
Look at your answers every week. I try to write out a list in bullet points and revisit them every Sunday.
You’ll notice that your feelings about a specific point will change weekly and the best thing for you to do is remove that issue and focus on what can't be shaken.
I hope these few short words have helped align your mind to what it takes in staying the course, avoiding burnout, and focusing on the few important things.
Think in terms of season and count the days till your next reset, because you will need it.
Original article and pictures take www.howtorise.com site
This post may contain affiliate links which means that if you purchase through these links I may earn a small commission. This is at no cost to you but is an awesome way to help me keep this site going.
So, you’ve started your blog or a side business, you spent some money getting it up and running with the hopes of making some money, and maybe you’ve even made a few bucks. Now that its coming up on tax season, you might be thinking “Do I have to pay taxes on the money I made” or “Can I use what I spent on my side business to lower my taxes”.
As an accountant who has worked with a ton of people earning a side income, trying to start small businesses, freelancers, etc, I’ve gotten tons of questions just like these. Here are a few common questions and their answers to help you.
Do I have to pay taxes on my blogging income?
The short answer is yes. If you earned any money from blogging whether through affiliate sales, sponsored posts, ads, etc, you need to report that income on your tax returns. You pretty much have to report any income from any side hustle.
Many affiliates and advertising networks will actually send you a Form 1099 at the end of the year telling you how much they have paid you for the year which they also send to the IRS. But even if you do not receive a Form 1099, you still have to include the income on your taxes.
Do I have to pay taxes on MLM sales?
Yes, if you sell any multi-level marketing products (think Arbonne, doTERRA, LuLaRoe) then you need to report income from your sales on your taxes. Basically any money you make, even if it’s just a side hustle, needs to be reported on your taxes.
Do I have to create a company or LLC?
You are NOT required to create a company in any form (corporation, LLC, S Corp, Partnership). But it may be something you WANT TO do.
Forming a company can be beneficial because it creates a separation between you and your business and can help protect your personal assets from your business assets, debts, liabilities, etc. The downside of forming a company is that there are usually additional costs and additional document reporting requirements for taxes and with your state agencies.
Hiring an attorney to help you with this can be very costly. If you are tight on a budget, check out LegalZoom and you can use their templates to form your corporation at a fraction of the cost.
What expenses can I deduct on my taxes?
In general, you can deduct all expenses used to carry on your business that are common and accepted in your line of business, and that are helpful and appropriate for your business.
This is a very broad definition and can easily get confusing. The easiest way to look at this is to separate your expenses into 2 buckets:
Personal, living and family expenses – think rent, groceries, medical bills, etc
Expenses used for the business – if you’re a blogger, this would be things like web hosting, Pinterest training courses, social media platforms and schedulers, even your computer. If you have an MLM, it could be the sample products you buy, your inventory, marketing materials, credit card processing fees, etc.
Now there may be some things that fall into both buckets, like your internet service at home. In many of these cases, you can deduct a portion of these expenses as well.
What happens if I’m losing money on my blog or MLM?
Generally, you may show losses from your blog or MLM on your taxes. These losses may offset other income you have earned from other sources, such as a full or part time job, or income from another business.
An exception to this is if your blog is deemed to be a “hobby” according to IRS standards.
Original article and pictures take yourhealthyfamilycoach.com site
WhatsApp Debuts An Official Android Beta Testing Program
WhatsApp has now launched an official Android beta testing program. The move could expand the Facebook-owned company’s ability to reach a broader range of testers by making it easier to sign up to trial new versions of the WhatsApp software. Meanwhile, on WhatsApp’s side, it should be simpler to distribute new releases and features as they become available.
Of course, WhatsApp already had a testing program of its own in place. The company would host beta builds of its APK file directly on its own website. At times, this standalone APK outside the Google Play store would see small changes, but other times it would receive notable new features first – like voice calling support or integration with Google Drive for backup, for example.
But only WhatsApp’s most devoted end users participated in this beta, as they would have to track the WhatsApp website or the APK Mirror site to stay informed about new builds. Plus, because the app was distributed via a website, it required users to open up the security settings on their devices to allow for apps installed from “untrusted sources.”
The move to relocate the beta testing program was first spotted by the blog Android Police, which also noted that users will no longer have to join a Google+ community or Google Group in order to test the app’s latest versions going forward.
Google Play has long supported the ability for app developers to run official alpha and beta testing programs via its app store, which is different from Apple’s approach with iTunes. There, testers can download pre-release versions of apps via Apple-owned TestFlight or another third-party distribution program. Google Play makes rolling out test builds a part of its store’s platform itself.
By moving to offer an official Google Play-powered beta testing program, WhatsApp will be able to reach a larger group of potential users for its trial software and will be able to try out its new features and fixes across a more diverse group of participants. That’s important not only because it will allow for better and broader feedback, but it could also speed up the time to launch when it comes to rolling out features to the public version of its software. That could keep it more competitive with apps from smaller and more nimble startups, like Telegram.
WhatsApp Messenger is today a massively popular mobile application, ranked as the #14 free app on the Google Play store in the U.S., and holding a #1 ranking in over 50 countries worldwide.
What to Do If Your Landlord Won't Make Repairs to Property Serious repairs should not be ignored Repairs that jeopardize safety and security are urgent in nature
Holding a Landlord Accountable for Repairs
All too often, people cringe at the mention of the word "landlord." In some cases, this predisposition of dread is well deserved. While many landlords are responsible and caring individuals, there are many property owners who dodge their responsibilities of providing the legally required "duty of care" to paying tenants. Landlords choose to be in this position of responsibility and regardless of the relationship with the tenant, they must abide by the law when it comes to repairing damages to a property.
What to Do If A Landlord Won't Make Timely Repairs to Property
If you have a property in need of repair, you must first consult your lease for the proper procedures on how to proceed with your request. Follow the instructions to the letter in your lease for repair requests. Learn whether or not your repair is covered by the terms of your lease, for example, if you damage the property by your own negligence, the Landlord may not be responsible for the repairs. If your lease states that all requests for repairs must be handled in writing, make sure you send it. While this may seem like red tape, most states do not allow landlords to enter the property without a written request for services or a 24 hour notice in writing to the tenant that they plan to enter the property for any reason. It is always in your best interests to send requests in writing with the date of the request. Always keep a copy for your personal records.
Second, you must have a firm understanding of laws in your state. Almost every state has a law of "Habitable Warranty" that specifically outlines any landlord has a duty to provide a tenant with a habitable home fit for occupation. Such state laws protect tenants from potential slum lords. State laws override written and verbal contracts and agreements. If the necessary repairs make the property uninhabitable, the law is on your side in most states regardless of the terms of your lease or contract.
Some states such as Florida give the tenant the right to withhold rent payments to a landlord if repairs go undone. In other states it is illegal to withhold the rent. If you are not familiar with your state law on this issue, it is best to consult a legal professional in your state.
If you have taken the steps in the lease to get a problem repaired and the Landlord has not acted, it is time to send the Landlord an official (or second official) request for repair in writing. The second letter should be sent with a copy of the original request (if retained) and mailed by certified mail with a return receipt. This will give you a legal, court recognized document proving that the request was made and received by the landlord.
It is a criminal act for any Landlord to attempt to evict your for requesting repairs to the property. If you suspect you have this type of callous Landlord, it is imperative to communicate with this landlord in writing only to protect yourself.
From: Wikipedia Commons
Escalating a Case Against a Landlord
At this point, most Landlords will acknowledge your request for repair. If the property owner still refuses to make the requested repairs or dismisses them, it is time to escalate your case.
If your repair is urgent in nature and poses a health or safety risk for you and your family, you will want to take many photos and videos of the problem with the date imprinted from the camera. Take your photos, videos, and copies of your letters to your county or bourough's inspection department. These offices are normally located within the Health and Human Services Division of your local Department of Social Services. For urgent problems that may lead to illness and injury, a county inspector will act quickly to inspect the damages. If it is determined that the necessary repairs are urgent, this agent will have the authority to force the landlord to make the repairs by a certain date or face significant legal punishment.
A Landlord can not be held accountable for natural disasters
Landlord Responsibility During a Natural Disaster
In the event of a natural disaster such as a flood, fire, or tornado, renters cannot hold the Landlord accountable for the disaster. The loss of personal items may be covered by the tenant's rental insurance, but the Landlord can not be held accountable for the loss of personal items.
When a natural disaster strikes and damages rental property, it is the the Landlord's responsibility to fix the property and make it habitable as soon as possible. The Landlord is not responsible for providing alternate shelter and housing for tenants in this case. Renters have the option of purchasing rental insurance that provide temporary housing and provisions if this should occur.
However, in most states, if a rental unit is destroyed by a natural disaster, the lease becomes void and non-enforceable. A Landlord cannot force a tenant to stay in an unlivable rental property and tenants can not be sued for leaving the property for a habitable property.
Bedbug | Source
Infestation of Cockroaches, Bedbugs, and Rodents
If you sign a rental agreement for a property, it is important to understand before hand whether or not the Landlord will provide scheduled preventative treatments against insects and other pests. If there is no mention of this in your lease, it is reasonable to request this service before signing the contract. In some leases, the responsibility will be mandated to the tenant.
If you move into a home and notice cockroaches, insects, or mouse droppings, it is important to photograph this evidence. If the home is furnished, check the mattresses and furniture for evidence of bed bugs and notify the Landlord immediately if anything is discovered.
If the infestation occurs later on, the fault falls on the tenant. In this case, a landlord may not be responsible for paying for an exterminator and the tenant may be liable for the damage caused by the invading pests.
Evicting or a tenant for requesting repairs or making an official complaint about conditions.
Entering the property without a 24 hour written notice unless service is requested.
Not revealing that an apartment is infested with cockroaches, bedbugs, and other creatures.
Interfering with a tenants right to "quiet enjoyment" of the property.
Seizing a tenant's property for non-payment of rent. This includes selling the tenant's property to collect unpaid rent and fees.
Not notifying tenants a property is known to be haunted.
Changing locks on a property for non-payment of rent.
Turning off utilities to threatnen or evict a tenant.
Attempting to evict a tenant without a court order.
Laws vary state to state. Check with a lawyer if you are dealing with any of these activities.