Business Building Tips Weekly Round-Up: October 31, 2014

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The 5 Biggest Tax Differences Between an LLC and a Corporation

In this article for Entrepreneur, Nellie Akalp discusses some of the major tax implications of choosing to structure your business as an LLC vs. as a corporation. To get all of the details, click the article title above.

 

You’ll Market Better and Be More Persuasive Knowing These 10 Brain Facts

In this article for Entrepreneur, Thai Nguyen explains how you can use some of the quirks of the human mind to inform the way you market your products or services and be more successful at getting customers to buy. These include:

  • Give me one reason
  • The whole world in your hands
  • The paradox of choice
  • Loss aversion
  • Color, smell, and sound
  • The scarcity principle
  • The power of stories
  • You, yes, you
  • The contrast effect
  • Mirroring and mimicry

Click the article title above to get all of the details.

Top Mistakes Entrepreneurs Make on Their Taxes

In this week’s New Venture Mentor article I talk about the most common mistakes new entrepreneurs make when doing taxes for their startups and small businesses and how you can avoid them.

 

7 Easy-to-Fix Mistakes You’re Making with Your Personal Brand

In this article for HubSpot, Dan Slagen fills us in on some of the most common mistakes entrepreneurs make when building their personal brands and how you can either avoid them altogether or fix them if you’re already making them. These mistakes include:

  • Not asking what you want from your brand
  • Not doing enough
  • Spreading yourself too thin
  • Being inconsistent
  • Not collaborating with others
  • Copying others
  • Being intimidated by others

To get all of the details, click the article title above.

 

My Struggle to Manage Our Lawyers

In this piece for the New York Times’ You’re the Boss section, Rebekah Campbell gives tips to help entrepreneurs control costs even while working with high-priced lawyers. Click the article title above to get all of the details.

 

4 Things Entrepreneurs Should Think About That May Not Be in the Business Plan

In this article for Entrepreneur, Courtney Spritzer and Stephanie Abrams share their insights on the things that new entrepreneurs really should plan for but often overlook. They include:

  • Getting a good lawyer
  • Getting a good accountant
  • Hiring people better than you
  • Networking constantly

If you’d like to learn more, click the article title above.