Small Business Blog Posts | Page 8

Typically, candles do tend to be impulse purchases. But if you know where to find your ideal customers, rotate stock to keep your business interesting, and strategize product launches around seasons when scents are popular, you may find customers coming back again and again to enjoy the results of your ingenuity.

Owning a laundromat is simpler than many other types of businesses; your greatest responsibilities will be keeping track of your financials, managing customers, and maintaining your equipment. But don’t let the ease of running a laundromat tempt you into becoming an absentee manager, in which case, your business will suffer as a result.

Good business ideas for kids have work that’s easily accessible and usually involves minimal startup costs. Think of ideas like lemonade stands, tutoring, hobby coaching, babysitting, and dog walking.

If you’re a photographer looking to make your passion your job, we’re here to teach you how to start a photography business! Keep reading to learn more about how to get started, brand your studio, find the best web/payment platforms, and market yourself!

Yes, you can claim the R&D tax credit every year, provided you have qualified research and development expenses. In order to claim the credit, you must meet all requirements of the IRS and you must file the appropriate forms with your income tax return.

The amount of the R&D tax credit varies by a number of factors. Generally, a business should expect to receive 7% to 10% of qualified research and development expenses to be used toward federal tax liability.

The Mid-Atlantic and Southern regions are fortifying their reputation as the best states for Black entrepreneurs, with the Gulf states of Louisiana and Florida joining their ranks thanks to an increase in Black business creation within their borders. This is the finding from Merchant Maverick’s annual report on the Best States for Black Entrepreneurs.

You can get an EIN immediately by applying online via the IRS’s website. All other application methods have a waiting period of at least four business days after applying.

“MBE (Minority Business Enterprise) certified” means your business received official certification as a minority business. This is something that minority-owned businesses can register for to gain access to both financial and professional opportunities. There are multiple organizations nationwide that offer certification. 

To start a small ice cream business, you need to draft a business plan, invest in the right kitchen equipment, find a great location, rent or buy a building or truck, test your recipes, and acquire the necessary business licenses.