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A family member has started his own business and asked me if I would like to handle all his paperwork / “office”work. Besides keeping track of finances and clients, what other work goes into this kind of job.

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It is a chriopractic, family owned business. What actions would need to be taken to change the name of the business? For example do we contact the banks? Do we need the “city’s” permission? Thank you for the help!

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I’m starting my own business and I want to buy my family’s health insurance through the business because they do some work for me. However, I do not want to offer it to my employees who are not in my immediate family. Are there any regulations against this. I just want to know before I proceed any further. Thanks.

p.s. I’m in Georgia, so any rules for that state would be most helpful, but help from anywhere would be great too.

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I am taking over the family business soon (Worth approx. $500,000)

My parents are worried on how they will still sustain financial freedom after passing on their company to me. It is primarily a cash business and I want for them to retire without having to worry about money. They have savings but nothing is in the bank. (Old Asian generation mentality)

I propose treating them like company board members that take a certain percentage from the business, while I keep the rest for expansion opportunities. What will be fair for both sides? Thank you.

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Ever thinking of starting an online business? Many people are thinking of making money online but most of them are just thinking of it without any action. They never start their business although they know that they can make money from it. What makes these people never take an action to start an online business? Many reasons involved but the major three are:

1. Being too busy

Those who are thinking of starting an online business have busy lives because they have a job and other family obligations. Starting an online business for them is a goal with no committed starting date, and it is not a-must to-do task as they still live comfortable with their day job income. They just think to start it whenever they have time, but most of them can’t allocate the time, that’s why their online business never get started.

Most people in the earth are busy. If thing never being planned and prioritized, it normally will be ignored unless they can find extra time for it which most of them don’t. For those who are interested to make money from internet, they need to plan for it and set their goal with proper schedule to meet it. Don’t give yourself an excuse that you are too busy and will only get started an online business whenever you have time because most probably you will never get started after years.

2. Thinking that they need a lot of money to get started

Those who are new to online business will think that it is similar to other traditional businesses which they would need to invest a lot of money to get started. And, they do not have this much of money to set up their own online business, making them give up their decision to make money online.

Although it is true that you have to invest money to start an online business, but it can’t be equated with traditional businesses. In fact, there are many business opportunities on internet that you start with, will cost you thousand of dollars, but there are businesses which you can do it in less then $100 depending the type of business, the necessary tools and references you need to purchase. If you have budget constraint, then start it with minimum cost. At least, money is needed to buy a domain for your online business and have your website up to get the business running. Then, you could use some free ways to drive visitors to you website.

3. Not having the experience

Many people think they need some sort of experience in online business to get started, and because they don’t have the experience, they afraid to get started because they worry that they will fail eventually. But the problem is they won’t gain the experience if they not even get started.

No one business in the offline and online world has a guarantee to success, and many entrepreneurs did not successful in their initial business, but they learn from their failures and others success stories to make themselves a successful entrepreneur. The best thing about online business is it does not cost much to learn & to gain experience. There are many success blueprints available online which you can follow to minimize the risk to fail in your online business.

The bottom line is if you are thinking of starting an online business, don’t make the above 3 key reasons stop you from take an action to get started.



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