Showing posts with label Start Up. Show all posts
Showing posts with label Start Up. Show all posts

Tuesday, August 30, 2011

Should a start-up outsource at an early stage?



QUESTION FROM STARTUPNATION.COM
I have started a new venture with one of my partner in the telecommunication space. We are thinking to outsource but we are not able to decide it. We need some opinions whether a startup should outsource at an early stage or not......suggestions would be appreciated.


See the answers here

How To Build Business Credit For Your Start Up in Today's Economy



Are you using credit to help finance your new business venture?
You’re not alone as statistics show that over 65% off all business owners use credit for business purchases.  But what’s alarming, is that only 50% of those cards are actually in the business’ name.
As a business owner using personal credit cards for business is a risky approach since you assume total liability and if your company is sued or fails you risk losing personal assets and good credit ratings as well.
So how do you go about building credit in the company’s name without putting your personal credit on the line?
For starters, if you operate as a sole proprietorship you’ll need to incorporate your business and obtain aFederal Tax Identification number.