[TEG Freelist] [TEG] The Company Corporation Newsletter January 2004 www.incorporate.com
- From: Mark Bruemmer <tegmarkb@xxxxxxxxx>
- To: Entrepreneurial Group <theentrepreneurialgroup@xxxxxxxxxxxxxxx>
- Date: Wed, 14 Jan 2004 11:31:29 -0800 (PST)
Dear Entrepreneur,
The attached January 2004 newsletter from The
Company Corporation has some excellent
articles regarding entrepreneurship, business
structures, suggestions, advice and more.
If you're thinking of incorporating your
business in the United States, The Company
Corporation http://www.incorporate.com can help.
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Business Web Services
Moderator of The Entrepreneurial Group
"newsletter@xxxxxxxxxxxxx" <newsletter_corporate.com@xxxxxxxxxxxxxx> wrote:
From: "newsletter@xxxxxxxxxxxxx"
To: tegmarkb@xxxxxxxxx
Subject: Incorporating Common Sense - It's Good to be King
Date: Wed, 14 Jan 2004 16:29:57 +0000
January 14, 2004
"The increase in entrepreneurship in the U.S. is a small but positive step that
appears to mirror our recovering economy. This report estimates that as many as
300 million people around the globe were trying to launch new firms in 2003 -
that's more than the entire population of the United States. These significant
numbers make it clear that entrepreneurship is an enduring human phenomenon -
one that sparks innovation, creates jobs and contributes to more prosperous
national economies."
- Kauffman Foundation President and CEO Carl Schramm.
--> General News
---------------------------------
1Venture Capital 101: Entrepreneur Courses Increase
In what is seen as a significant development to place greater emphasis on
entrepreneurship education across the nation, The Ewing Marion Kauffman
Foundation has awarded $25 million to eight U.S. universities. USA Today, in
this article, also reports on the shift in focus to the imparting of
entrepreneurial knowledge, which represents a change from the traditional
approach where universities primarily prepared students for opportunities in
Fortune 500 Corporations. [Jim Hopkins, USA Today, January 2004]
Back to top
22003 Global Entrepreneurship Monitor Finds Uptick in US Entrepreneurial
Activity
With the US economy on its way to a robust recovery, entrepreneurial activity
showed a marked increase across the nation, rising to a high of 11.3 per cent
of adults engaged in entrepreneurial activity in 2003 from 10.5 per cent
recorded in 2002. The 5th Annual Global Entrepreneurship Monitor (GEM), while
disclosing a wide range of statistical data on worldwide entrepreneurship
trends, also revealed that an overwhelming majority of funding through Venture
Capital occurred in the US, when compared to other countries across the globe.
[Kauffman Foundation, January 2004]
Back to top
Business Structures
---------------------------------
3Understanding the Stock Structure of Your Corporation
Forming a corporation is one proven way in which to safeguard personal and
family assets from the risks of business operations. All corporations, no
matter what the size, have stock, and while understanding the legal nuances of
stock ownership can appear daunting at times, a little careful planning and
careful documentation can make the process of allocating and managing stock a
relatively simple one. The author also notes that some states have more
liberal regulations on business stock structure and ownership, which can have
significant impacts on corporate taxes. [Karen Lange, Counselors to America's
Small Business, Winter 2004]
Back to top
Small Business Tips
---------------------------------
4When It's Time to Cash In on Success
Many entrepreneurs are challenged by the day-to-day operation of a business,
and the financial challenges that may arise. In order to tap business equity
without completely selling the company, many entrepreneurs instead work to
obtain what is commonly known as ?shareholders liquidity.? In this article,
BusinessWeek highlights the functionality benefits of this extremely beneficial
tool that entrepreneurs can use, despite the demands and conditions that may be
put forward by prospective private equity and venture-capital firms. [Karen E.
Klein, BusinessWeek, December 2003]
Back to top
General News Venture Capital 101: Entrepreneur Courses Increase
2003 Global Entrepreneurship Monitor Finds Uptick in US Entrepreneurial
Activity
Business Structures Understanding the Stock Structure of Your Corporation
Small Business Tips When It's Time to Cash In on Success
Understanding Commercial Leases
Why You Need a Mentor
The Winning Elements of Business Proposals
Ten Management Lessons From a Young Entrepreneur
Opinion Small Business Staffers Want Retirement Funds
It?s Good to be King
Sometimes, Less Can Be a Whole Lot More
Customers Really Appreciate Attention From an Owner
Unique Challenges for European Entrepreneurs
5Understanding Commercial Leases
Entrepreneurs are often faced with complex issues concerning commercial leasing
when scouting for an ideal business location. In this article, Nolo.com
underlines the significant benefits of having a greater awareness about
commercial leasing and outlines the basic differences between commercial and
residential leases. Additionally, the article includes a checklist that
contains critical aspects related to commercial leasing including the period of
lease, security deposits, and lease terms and conditions. [Nolo.com, December
2003]
Back to top
6Why You Need a Mentor
The decisive role that mentors play in shaping the success stories of
entrepreneurs is a widely accepted fact. In this article, the author stresses
the need for entrepreneurs to approach and seek guidance from mentors
preferably from a similar industry, who might not only help them in
assimilating practical knowledge, but also inspire them to view their
businesses from a practical and realistic perspective. [Brian O?Rourke,
Entrepreneur.com, December 2003]
Back to top
7The Winning Elements of Business Proposals
In responding to business requirements issued by large corporations and
Government bodies, companies are often required to present formal business
proposals. According to the author, entrepreneurs responding to proposal
requests should ensure that they pay attention to five fundamental elements
that comprise a standard business proposal, in order to create a response that
would not just stand out for completeness and content, but also establish a
lasting positive impression in the minds of the target audience. [Darrell
Zahorsky, About.com, December 2003]
Back to top
8Ten Management Lessons From a Young Entrepreneur
While entrepreneurs continue to achieve spectacular success and command respect
from all quarters of American society for their commitment and competitiveness,
it is even more impressive when an entrepreneurial success story is associated
with the achievements of a 22-year old entrepreneur. In this article,
Entrepreneur.com presents the ten critical lessons that one young entrepreneur
feels are essential and of practical relevance to any entrepreneur seeking to
achieve success. [Sarah Pierce, Entrepreneur.com, December 2003]
Back to top
Opinion
---------------------------------
9Small Business Staffers Want Retirement Funds
A recently concluded survey for the Transamerica Center for Retirement Studies
has revealed an overwhelming need felt among small business staffers for
employee-funded retirement plans. In this article, the author points out that
though a majority of respondents were unaware of major details regarding
retirement programs, they showed a marked preference towards retirement funds
in employer-matched 401(k)'s, in comparison to company-funded pension plans.
[Richard Breeden, SmartMoney.com, November 2003]
Back to top
10It?s Good to be King
Owning a small business can often prove to be highly lucrative for
entrepreneurs when compared to corporate professionals. Inc. com cites the
outcome of studies undertaken by The Families and Work Institute, which
indicate high levels of personal satisfaction and skill development among
entrepreneurs. It also reveals that entrepreneurs often put 50 hours or more
into core business work each week while trying to be creative and build up new
capabilities at the same time. [Jess McCuan, Inc.com, December 2003]
Back to top
11Sometimes, Less Can Be a Whole Lot More
While the ?90?s witnessed dynamic business growth, current market conditions
have transformed the business climate into a period of consolidation that calls
for a radically different approach to business for entrepreneurs. BusinessWeek
outlines several key issues that can help entrepreneurs maintain a strong
competitive edge in the long run. They include sustaining market share,
creating customer value, and innovation. [Karen E.Klein, BusinessWeek, November
2003]
Back to top
12Customers Really Appreciate Attention From an Owner
Small businesses looking to achieve increases in their bottom line often
implement new plans or processes. However, a coherent plan of action prior to
these implementations is often required. According to the author, familiarity
with customers frequently represents the first logical step towards achieving
business gains. However, research has shown that the key factor that would help
many firms differentiate from other businesses is an emphasis on personal
attention to the customer base. In many cases, contact from the owner
him/herself often makes customers feel honored, and leads to a greater level of
consumer loyalty. [Gladys Edmunds, USA Today, January 2004]
Back to top
13Unique Challenges for European Entrepreneurs
The challenges that European entrepreneurs commonly face, in comparison to
their American counterparts, formed the major focus of debate during the
recently concluded 2003 HBS European Business Conference, held at the Harvard
Business School. According to the author, the reality of a fragmented market in
Europe, the preference of buyers to scrutinize the track records and
relationships of businesses, and the difficulties associated with obtaining
funds from venture capitalists emphasize important differences between the
American and European business fronts. [Sean Silverthorne, HBS Working
Knowledge, December 2003]
Back to top
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