Quickly learn about the different business entities that are available to the businesses in the pond industry. You have heard them before – Sole Proprietor, Partnership, LLC, and Corporation. There are tax benefits/detriments to each of them. What will fit your business best? A 25-year veteran will wade through each of the choices and help you confirm your current status, or consider a change.
Ever wonder how you can improve and increase the credit for your business? Here is an in-depth article including nine steps on how to Establish Business Credit. Learn what trade credit is and four ways to get more of it. Build your business credit now so you don’t have to rely on just your personal credit when you need that financing.
Should you provide discounts? What are the Pro’s and Con’s of discounting? You may even be able to profit by offering discounts. When a discount is offered to you by a manufacturer do you take advantage of it, and why you should or should not. Do you know what “2/10 net 30” means? Accounting may not be your forte, so learn from a 25 year accounting professional to help you make informed decisions.
Who wants to pay more taxes then they have to? Take a look at critical tax information compiled specifically for the pond industry. Learn from a 25-year tax veteran to take full advantage of available tax deductions. Learn how calculating things such as Web site development costs, mail list, marketing, and entertainment expenses can have a bonus impact on your bottom line.
But I did know then. In fact, I knew before then! You say, how could this be? As a college student in the fifties, long before I started Maryland Aquatic Nurseries, I took an economics course, Prices Allocations and Distributions (PAD). It sounds awfully boring doesn’t it? It was anything but, at least not for …
If Only I knew Now…What I Knew Then – Economics and Water Garden Industry Read More »
