COVID-19 has brought about many first time entrepreneurs—many people who quit, or were let go of, due to the pandemic. While some started solo companies and sold products online, others are reaching points of success where they may soon need an office and employees as support staff. Prior to reaching the latter stage, employers should educate themselves a bit about employment law, and tried and true workplace policies. Employers should also make sure that someone in the office is keeping good records of incident complaints, in the event that an HR department is not in place, so that the business owner is never on the wrong side of the law and an employee’s welfare is never put at risk.
By now you’ve probably heard it all—you should apply for the Paycheck Protection Program (PPP), you’ll get it. You shouldn’t apply for PPP, you aren’t eligible. No harm in trying—apply for PPP and see what happens. Well, you have to pay to file your 2020 taxes prior to applying for round 2 of PPP, and most business owners do not want to spend the money to do so unless they are eligible to get some money. No one can do a quick summary of all of the PPP criteria, but here is our best attempt at summing it up for you.
So far, you have an idea for a business, a name, a platform to sell or a way for customers to contact you and learn more about your business, and you have a basic way to stay organized using Excel or Google Sheets. Now, it is time to get out there and either sell products or services to people that do not know you exist.
2020 forced millions of people to get creative when it comes to making money. These people were furloughed or even lost their jobs and, for many, it was their only source of income. Maybe you are still jobless and feeling desperate to figure out a way to make even a little money. Well, it is possible for you to start your own business in as little as a day. You have to be willing to try things you have never done before. People that start businesses are problem solvers and constantly try new things. So, if you want to start a business quickly, here is how to do it.
Cancer, just like other health problems, is a very devastating illness to have. Apart from the woes and medical issues associated with the illness, cancer patients also have to worry about their financial status and how the illness will affect it. Reports have shown that the main cause of bankruptcy in the U.S. is from medical bills.
WOW Air was an Icelandic Airline company that breathed its last breath on the 29th of March 2019. It started back in 2011 as one of the most successful low-cost airline companies providing cheap flights between Iceland and Europe. However, what caused the demise of the apparently successful company was its wish to transform into a more prominent global business.
Starting a business is an exciting and wonderful prospect for so many individuals. It is risky, but the reward can be more than worth it. That being said, if you do not know the legal implications of your actions as a business owner and operator, you may be shooting yourself in the foot right out of the gate. Read on to learn more about some basic laws pertaining to businesses.
This should go without saying but, as a business owner, you must make sure your ads are not deceptive. Your ads must be supported by evidence. The FTC describes deceptive advertising material as:
- ‘Likely to mislead consumers acting reasonably under the circumstances’;
- Misrepresents or omits information that ‘is important to a consumer’s decision to buy or use a product’.