In my more than a decade of experience I have worked on either side of the table. From being a consultant to hiring a consultant to running my own business consulting company. I believe you should think more about the things that you should ask the consultant than questions a consultant may ask t...
Usually it comes as "extraordinary events", which it would be a specific line apart in the P&L and would necessary have a note to explain the whole situation and how it won't happen again, and what are you doing to mitigate those risks (this is kind of from an accounting perspective and so you ca...
Hi, For a business that does not yet exist you would have to put a projection in your business plan. Then put what tool you would use to create the traction that will generate the sales. A traction is therefore what you will or are using to create the traffic to your product. How well are your cl...
There are a lot of great resources about running a business on trusted sites like Inc.com, the Small Business Administration, and countless (countless) other advisors and experts publishing their advice for free. Additionally, udemy.com is PACKED with fantastic content available for $19 per cour...
There are a lot of places where you can try to get validation for your idea. But before you start going to look for these places, get your Buyer Personas (the representation of your ideal customers) in order. If you know who your ideal customers are, then the next step (of finding where they han...
If you take less money out than the fair market value of your time, it's a hobby. If you can pay yourself a fair market wage, you own a job. If your business had profit beyond your fair market wage, it's a business. There is a section on this in my book; How To Sell My Own Business. You see, ...
This depends on the nature of your business, the requirements on how to develop it and on the locations involved. I'm not aware of your case, but I'd suggest that you are starting in a familiar environment (UK?) and then work remotely from anywhere in the world. This means lesser risks (languag...
If you have an idea of creating a great online betting platform and are looking for software for your startup website, you can turn your attention to these products https://nuxgame.com/products . This company is exclusively engaged in the development of software individually for each online cas...
It depends on why you're going to IL. To be deductible the expense has to be ordinary and necessary to that trade or business. If there's a legitimate business reason then maybe, there are still limitations on how long you can live somewhere before it becomes your tax home. You're going to need t...
Having worked a consultant with global consulting firms and served over fifty of the Fortune 500 companies, I have been a consultant for over 15 years. Although the type of work will vary, consultants need to know why they are being hired. What does your client expect from you? If consultants ar...