Notes

Business is an trade and sale of a product or service to make profit from, this could be farming as they spend money on the crops and then sell them for a profit, but sometimes business can become bankrupt as they are not making a lot of money and not pushing the business out there, and spending more money then the earn.
this four types of business are sole proprietor, partnership corporation and Limited Liability Company or llc

sole proprietor is the simple and most common uses of ownership of a business, this is a business that is run by one person for their own benefit, this business it all up to the owner and what they want and when they die so do the business or if they get somebody else to buy it after there death or sell it one at the highest value.
Advantages of sole proprietorship: this that all profits are subject to the owner and owners have total flexibility when running the business, so they have freedom to produce anything they want.
but the disadvantage are that they have to fight legal debt
equity is limited to the owner’s personal resources



freelance
a sole proprietor
has an independent contractor
a member of a guild

sole proprietor is the most used when it comes to start there bushiness as it expensive, there lots of research going into start a business lots of protection
name is important when it come to business as this what people know what going called and easy to remember like a catchy name.

paper work and contract
this make you look profections and more procted
this adds value to your business this add more option to the client
find lots temple
legal contracted
solid that is signed contract
70% of people get stiff when coming to money for contract
work rate normal day 30 day or 90 days when the project is done
or make to work the owner
have milestone when they get payed
same page how its going to be delved
more research to get the best goal when coming to clients
ownership rights - about clearly what happens to the work you make that is going out there and what platform, this help protect your company and name
both party understand when abounded and this understood and is respective with the client and owner
have a request for how many reversion for the client


how to price your work
growth of your business
glass door website
Facebook group to help to price your work
under price work to get more client
dont do this

work out income
how much you want to make year after taxes
have a target
increase rate and worth
send out email to clients with rate of work this grow respects.
invoices are easy
who invoicing
expect to get paid
add to money

different way
cash
credit card
pay pal

do your taxes when money starts to role in and goes out to workers and other people who are a part of the business
this work out to how much your company is worth and how people work for your company
advice to save money on taxes
sit money on the side to you know how much money to give to taxes as you have to pay your own, unlike an office job where the money is already being taken away from pay check, this make it so that your ahead of time when it come to your taxes, this works best when you just paid your taxes and ready for new ones at the end of the months

use different software that helps
this many be with using a 1040 es form to help you file federal taxes these can be found with a quick google search, this help new company when it come to taxes paying day as it keeps money and how much money you have put in and how much needs to be paid


selling online
join a website or start your own website this many be difficult at first but there are website out there that will help you get your product out there like squarespace
to help you selling stuff online you will need have a good design on this might be with a product, this product will need to be original, function and catch people eyes as a new product
have a main audience this what the target will be this could be a product for an age group or social standing
this need to market as well to that kind of audiences like kids the company need to have colours on it and child friend so it can be hook to kid or the children want the product or want to visit your website