On August 12, 2022, the U.S. Congress passed the Inflation Reduction Act of 2022, which essentially changed how corporate income taxes are calculated. Not surprisingly, changes to the tax code raise new questions: who will be affected?
If you own or manage your own small business, you're probably busy monitoring operations and dealing with everyday problems. But there are five important aspects of your business strategy that you should review and update every year. These updates are essential for a successful business and and long-term personal achievement.
Starting a business is hard work, and the success rate is low — just look at the first year failure rate. Only 78.5% of small businesses survive their first year.
There are many reasons that some business startups are more successful than others. One interesting line of inquiry looks at the reasons a person wants to be an entrepreneur.