Everything you need to know about setting up, managing and growing small businesses. Veterans, as well as newbies share their stories and valuable lessons.

Before You Start That New Business…

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the ceo magazine, small business
Thomas P. Rood, Paycheck Independence Day

Many people will tell you that if you want to get rich, you have to start your own business.  According to the SBA Office of Advocacy, in 2009 there were over 27 million businesses in the United States.  It appears a lot of people want to get rich.

Once you take the plunge and start your own business, what is your chance for survival?  According to the SBA, 69% of new firms started in 2000 or later survive at least two years and 51% of those firms survive at least five years.  In the short-term, your chances for survival are actually quite good.

Tax Strategies for Business Owners

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the ceo magazine, tax strategies
Anis Blémur, Owner & Manager, AB Consulting & Accounting Services

Being a business owner you know that traveling comes along with the job. With these tips and tricks it will ensure that every business trip is a tax-deductible vacation. First, make all your business appointments before you leave for your trip. Most people believe that they can go on vacation and simply hand out their business cards in order to make the trip deductible. Wrong. You must have at least one business appointment before you leave in order to establish the "prior set business purpose" required by the IRS. 

Celebrate Small Business

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This is National Small Business Week.The celebrations, seminars and promotion are in full swing. As a Board Member of the National Small Business Association (NSBA) and Chair of the Small Business Association of Michigan’s PAC, I know how important it is to support and promote small business. There has been a lot of hype this week, so I thought it might be a good time to stop and consider the state of small business in America.

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