With the sale of medical marijuana and recreational cannabis in States that have legalized their sale, I am often asked whether a seller must pay federal tax on its sales proceeds. As a former IRS Agent, I tell them…
Recently, I’ve read a few articles about how entrepreneurship is losing its cachet among millennials. Really? I guess the authors of these articles have missed a real “boots on the ground” story in Detroit. I can attest that the…
Women make up half of the population and therefore make up half of the consumers in the economy. This is why companies in all industries and sectors have a financial interest in targeting women in their marketing campaigns to…
A university is meant to be a place where new ideas and concepts are created and explored. One way this manifests is through the start-up companies which emerge from the business formation efforts of students applying what…
In many types of musical genres, drums act as the backbone to the music. However, when starting a business, financing is the backbone of business formation . Start-up financing is what one entrepreneur is now looking for in his…
Starting a new business can have a variety of challenges such as developing a sales strategy or obtaining funding to fulfill startup requirements. Many times new entrepreneurs who have good ideas but have little business experience will need help…
The more experience one has in his or her chosen field, the more successful he or she will likely be in business. One family in Michigan knows this all too well and, with 45 years of experience in retail,…
Being an entrepreneur is almost like being an artist. Whatever one entrepreneur can imagine, he or she can often make it an actuality in the business world. However, it may take a certain amount of business planning in order…
Before Chrysler was bought by Daimler, the company had plans to produce a car especially made for the Third World which utilized a two-piece body which had been injection molded out of specialized thermoplastic polyester. The company even went…
It is one thing for entrepreneurs to come up with a good idea which could become a profitable business, however it is another for a startup business to be both profitable as well as emphasize helping the community. One…