Saturday, September 23, 2006

How to Start Your Small Business: It's Easier Than You Think!

Starting your own business will be an emotional adventure with many rewards. However, you need to be prepared and you should understand essential factors. If you are not familiar with the process of starting a new business, we recommend with the following steps:

A Business Plan:

A plan defines your business with precision, identifies your goals, and serves as the curriculum of your company. There are certain elements that interrogate into a business plan. For example: the purpose of your business, description, demographics, competition, operational procedures, personnel, insurances, financial information, loan solicitation, balance point analysis, and profit projection models. The United States Small Business Administration (SBA) offers help to edit your business plan online.

Determine Your Type of Business

One of the first decisions that you must make as a business owner is how to build your company's infrastructure. This decision will have long range implications, so we recommend to you, dear reader, to consult with an accountant and a corporate lawyer. They will help you pick the type of business most beneficial for you.

Sole Ownership

The great majority of small businesses are started with only one owner. These companies are in the hands of one person who normally is responsible for day-to-day operations.

Pros: Sole ownership is the simplest and cheapest way to possess and organize a business venture. You will have total control; possess all the profits generated by your business. The profits will directly flow towards the declarations of personal taxes. If you desire, it will be easy to dissolve your business.

Cons: You will be responsible to cover all your costs. You will have the legal obligation to pay all debts incurred. You will put at risk all personal and business valuables. You can be at a disadvantage in gathering funds. More times than not you will be limited to using your personal savings or making individual loans.

Partnerships

In a partnership, two or more people share the ownership of only one business. The law does not distinguish between the business entity and it's owners.

Pros: The business venture will be easier to establish. However, it is necessary to invest time in the establishment of a contract between the owners of the business. It is also easier to gather funding. The profits flow directly to the tax declarations of each of the partners.

Cons: All partners are individually and collectively responsible for the actions of the other partners within the entity. All profits should be shared by other partners. All decisions are made by the collective partnership; there will be the probability of disagreement with the day to day operation of the business. In fact, count on it.

There are different types of partnerships to be considered. They are: General Partnerships, Limited Partnership, Limited Liability Partnership (LLP) and Joint Ventures.

Corporations

A corporation is regulated by the laws of the state in which it's home office resides. It is considered a non-human entity, separate and apart from it's owners. In this business model, the corporations are called shareholders. There must be one shareholder. However, there is no upper limit in how many shareholders own the corporation.

Pros: The shareholders have a limited responsibility with respect of debts incurred and judgments made against the corporation. The shareholders are only responsible for their stock investments of the company. Shareholders can create more capital through the sale of their stocks.

Cons: It requires more time and finances compared with the other business models discussed. Corporations are supervised and subject to the entity's established norms. The incorporation of a company can be subject to the increase of tax debt to local, state, and federal government agencies.

There are different types of corporations to be considered. They are: Subchapter S-Corporation, Subchapter C-Corporation and Limited Liability Company (LLC).

Registering Your Business Name

Before you start a business, you should decide what your venture will be called? The name of your business is one of its most important assets. You should register the name to prevent it's accidental use by another entity. You may have to file for trademark protection at the state and federal level, if appropriate. Click here for more details.

Minority Ownership

Your chances of a successful start and development of your small business are increased if you are a member of a minority. More so for a Hispanic small business owner. Contact SCORE at (800) 643-0245 or visit their website to take advantage of their small business counselor/advisor programs. SCORE also offers seminars and workshops focused on starting small businesses and maintaining it within your county

For more information, click here or visit your nearest Small Business Development Center.

Thursday, September 21, 2006

Cuban Missile Crisis Venezuelan Style

Have you wondered why Iran would politically and financially partner with Venezuela, a socialist country? You may immediately respond that these two rogue nations share a common enemy: America. You would be right on the money. After all, my enemy's enemy is my friend, no?

Let's take this to the next level.

Remember the Cuban Missile Crisis in the sixties? That is the scenario being played out in Venezuela right now. Iran is providing Venezuela with the oil drilling equipment, money and perhaps, nuclear technology. I can assure you Iran wants something in return. Nothing is free.

We're thinking a missile base, perhaps?

It is just that much easier to launch a nuke into the US from Venezuela than it is from Iran.

That theory is certainly reasonable. Especially since Chavez learned everything he knows from Cuban dictator Fidel Castro.

The Latino Edge believes this alliance is cause for concern for all Americans. Don't you?



Tuesday, September 19, 2006

Islam's Mind-numbing Hypocrisy Knows No Bounds!

Somebody help me! As a fairly open-minded person, I try to look at both sides of the coin on every issue. But my rusty brain cogs are smoking and I am on the verge of blowing a gasket! OH GAWD! I think I am beginning to hear voices!

Followers of the Islamic faith are up in arms over Pope Benedict's QUOTING A HISTORICAL FIGURE about the use of violence to promote Islam and punish kafirs.

And how exactly are Muslims protesting globally? I am glad you asked. Let me oblige you, my dear readers, by indulging in some quoting of my own. Now read this veeeeeeery carefully:

"You infidels and despots, we will continue our jihad and never stop until God avails us to chop your necks and raise the fluttering banner of monotheism when God's rule is established governing all people and nations..."

Now pick up your jaw.

So I went a'hunting for some facts. Is the Pope wrong? Are we really hearing from extremists in the Islam faith? Is this just over blown huh-bub?

Ahhhh... no. For in the Qu'ran, it states the following:

Fight those who do not believe in Allah And the Jews say Ezra is the son of God; and the Christians say Christ is the son of God; these are the words of their mouths; they imitate the saying of those who disbelieved before; Allah's curse be on them; how they are turned away! Koran 9:29-30

Believers must fight for Allah. They must kill and be killed , and are bound to do so by the Torah, Gospel, and Quran. But Allah will reward them for it. 9:111

Kill disbelievers wherever you find them. If they attack you, then kill them. Such is the reward of disbelievers. (But if they desist in their unbelief, then don't kill them.) 2:191-2

And to think all those protesters worked so hard to prove the Pope right.

Opps!



Monday, September 04, 2006

Fortune 500 Companies Duel for Hispanic Professionals

There is a true battle to obtain qualified personnel, especially Hispanics with masters or doctorate degrees, said David Bruno, co-owner of DHR International, out of Scottsdale, Arizona.

The competition between Fortune 500 companies to contract both bilingual and bicultural executives makes more and more industries depend on recruiting companies such as Bruno's to fill the demand.

Many times we receive calls from companies demanding the best and they also be Hispanic candidates, said Bruno. Out of 250 candidates, perhaps only 20 are of Hispanic origin, he continued.

He indicated that because of the enormous Hispanic population growth in the entire United States, companies realized that it isn't enough to simply translate an English language ad into Spanish. It requires a true understanding of the Hispanic culture and language to reach the Hispanic market, Bruno clarified. In other words, it has nothing to do with political quotas or Affirmative Action.

According to the Census Bureau, Hispanics are the majority minority in places like Phoenix and Tucson, Arizona. Latinos are also the largest in population growth. These numbers strongly rallies the interests of companies large and small, to demand Hispanic professionals, said Bruno to The Latino Edge.

It is calculated that Hispanics in the United States have in their collective possession more than $700 million in buying power. That buying power predicted to grow substantially yearly. And so will the need for Hispanic professionals.

From one to ten, with ten signifying the greatest demand, I believe the demand for Hispanic professionals reaches a seven or eight in the American business landscape, Bruno finalized.

English philosopher, Sir Francis Bacon said Knowledge is power. Here is the open invitation by America for Hispanics to take advantage to educate themselves , to harness the powerful Hispanic market and to make it work for us and our families for generations to come.

But remember, we must walk through that door before we see any positive results in our lives. Here is the opportunity to go from I wish I was somebody to I am somebody.

I suggest we take it and make it ours.

¡Que viva la raza Latina!