CATCHJSBUFORD

"Power without love is reckless, and love without power is sentimental." *Dr. Martin Luther King, Jr.

"He who has a why to live can bear with almost any how."
*Friedrich Nietzsche

I Suffered An Epic Failure - This is What I Learned

Posted by JuJuan Buford @JSBUFORD

 

I started a company approximately a year ago, believing that my current skill stack and emotional maturity would allow me to have abnormal success in a relatively short amount of time. I'm being coquettish about the specific venture because I believe my failings can transpire in any endeavor... and because I'm going to record a video where I lay everything out in its entirety. This is a small plate. The entree is coming. 

 

 

 

#1. I fell in love with the strategy and tactics rather than the results. There are no silver bullets. Strategies work, contingent upon the extent that they are curated to address what specific conditions require of it. In other words, it doesn't matter how shiny the wrench is. Hammers are better at slamming nails. 

#2. I didn't listen to what my actual prospects, my prospective clients, or what the market was telling me. I wanted to serve caviar. My prospects (buying customers in the market) want tacos. Give the people what they want. Be aware that your audience and your actual customers can be two different sets of people.

 

#3. Entrepreneurship is skilled trade. Entrepreneurship is competition. Every time, all day. An endeavor may not require 20, 30, or 40 hours a week. But will require unrelenting, unreasonable focus and energy in the time you have to give. You're not the only brilliant, hungry person out here. 

 

#4. Doubt and questioning things are two different things. Question everything, out of a desire to learn. Doubters, question things to confirm their fears. If you believe in the thing, it should be able to stand up to the scrutiny of questioning. Yours and others.

 

#5. Avoid the GURUs. Deal with the DOrus. People who do, typically don't have time to mentor or teach. But if you bring them a deal or a project to work on, they'll give you all the time and wisdom that you need. Think WIN-WIN all the time.  

 

 

 

_____________________________________________________________________

JuJuan Buford is a CEO, Co Founder serial entrepreneur, writer, and public speaker. JuJuan started his career in the banking and investment advisory industry, and transitioned into business ownership and is enjoying entrepreneurial success in multiple industries: business coaching, real estate wholesaling, direct selling, business technical assistance provider, ghostwriting, and publishing. 

Phone 👉 888.549.9689 

Need a Business Coach 👉 https://bit.ly/SmallBizArchitectureSurvey

Schedule an Appointment 👉 https://bit.ly/SmallBizArchitectureMeetUp

Learn More 👉 https://bit.ly/JSBWorryLessBuildMoreProject10000

Media Kit 👉 https://bit.ly/JSBBSG_MediaKit

 

 

 

 

 

 

COMMON MYTHS & MISUNDERSTANDINGS ABOUT ENTREPRENEURSHIP

Posted by JuJuan Buford @JSBUFORD

 

 

I DON’T WANT A BOSS ANYMORE 

A common refrain that many people articulate for their desire to try entrepreneurship is that they no longer want to deal with supervision or having a boss. The idea of calling your own shots, determining who you work with and how you work, and how many vacations you can take is very alluring. 

However, the reality of the matter is successful entrepreneurs understand an even greater degree of accountability is required of them than what the super-majority of people experience as an employee. Matter of fact, you actually have several bosses to answer to. 

1. Your clients 
2. Your employees
3. Your vendors and affiliates, and others who become reliant upon your success 
4. People who provide you with technical expertise require reporting, documentation, and compliance: accountants, attorneys, marketing professionals, etc., etc.,  
5. Mentors and or mentees 
6. Various other relationships where co-dependencies exist. 

In other words, if you’re taking aim at entrepreneurship with the hopes of no longer having to be accountable to someone or people, you’re in for a rude awakening. 

 

I WANT TO DO SOMETHING THAT IS EASIER OR LESS INTENSE

 

“Choose a job you love, and you will never have to work a day in your life,”

 

It’s a cute, whimsical maxim that gets tossed around a lot. Except, it just doesn't carry much water, especially if you aren't born into money or social status. 

In the beginning, you’re going to expend a lot of energy, time, and or capital without little to no return. In other words, you’re going to have to do a lot of things that you don’t get compensated for in the beginning, so you can be compensated later on for things you don’t have to do. 

Most entrepreneurs should not expect to enjoy a profit (revenues subtract expenses) in their business for at least 2 to 3 years.

Imagine opening your doors at 6:00 AM and closing at 10:00 PM - preparation two hours before business hours, and closing procedures before you lock the doors for the night- five, six, perhaps seven days a week. You're answering an innumerable number of emails, phone calls, text messages (the happy and the very, very disgruntled alike) from everyone underneath the sun, day and night. You're interviewing, onboarding, training, and firing. Of course, there are 100 dials, 20 door knocks a day, midnight hours spent curating email and social campaigns, or some combination thereof. Plus, consuming voluminous amounts of content on an hourly and daily basis to develop your expertise.

Then there is the mental gymnastics associated with being completely submerged in the work, and coming to grips with the absolute acquiescence to your success that will be required because, in the beginning, you have to do what the business needs of you rather than what you prefer to do. 

Two to three years of the aforementioned. Two to three years absent profits, meaning the inability to pay yourself a substantial income. At then the ultimate realization that you have to work three times as hard as you’ve ever had to work on your job, and that’s not the hard part.

Smile and don't be afraid of the work. 

 

I DON’T BELIEVE IN NUMBERS, STATISTICS, OR PERCENTAGES. 

I heard a fellow entrepreneur articulate that they don’t believe in or make decisions based on statistics. I don’t “believe in that stuff.” Well, they believe in you. And the financial institutions, investors, and your pocketbook don’t require that you believe in the utility of quantitative data, only your compliance.

Ignore demographic data, and you’ll find yourself investing in something tantamount to trying to establish an 8 track tape enterprise in a 23rd-century economy. Or buying a house with an ARV of $50,000 for $250,000 because of some emotional connection to it, or some anecdotal exception to the rule.

Business plans matter. Understanding your P & L statement matters. Understanding people’s buying decisions and behaviors matters. Being aware of whether the market is shrinking or growing will often determine your success to a greater degree than your talent, hard work, or intellect ever will. 

Are there exceptions or examples of people who didn't have to deal with the aforementioned realities? Yes. Lottery winners exist too. However, do you want to base whether to expend your life's energies on those odds, or be clear about the cost of the promise?

 

_____________________________________________________________________

JuJuan Buford is a CEO, Co Founder serial entrepreneur, writer, and public speaker. JuJuan started his career in the banking and investment advisory industry, and transitioned into business ownership and is enjoying entrepreneurial success in multiple industries: business coaching, real estate wholesaling, direct selling, business technical assistance provider, ghostwriting, and publishing. 

Phone 👉 888.549.9689 

Need a Business Coach 👉 https://bit.ly/SmallBizArchitectureSurvey

Schedule an Appointment 👉 https://bit.ly/SmallBizArchitectureMeetUp

Learn More 👉 https://bit.ly/JSBWorryLessBuildMoreProject10000

Media Kit 👉 https://bit.ly/JSBBSG_MediaKit

 

 

Creating a Culture of Performance and Consistency in Your Sales Organization

Posted by JuJuan Buford @JSBUFORD

 

Are you an entrepreneur, producer, sales professional, or sales manager who's lost that loving feeling for your business?

Or struggling with how to keep your sales team motivated and prevent drift? A couple strategies slash tactics to find it... again.

And as always, feel free to comment or inbox me. I eat business development and sales strategy feedback and conversations like Reese's peanut butter cups.

 

_____________________________________________________________________

JuJuan Buford is a CEO, Co Founder serial entrepreneur, writer, and public speaker. JuJuan started his career in the banking and investment advisory industry, and transitioned into business ownership and is enjoying entrepreneurial success in multiple industries: business coaching, real estate wholesaling, direct selling, business technical assistance provider, ghostwriting, and publishing. 

Phone 👉 888.549.9689 

Need a Business Coach 👉 https://bit.ly/SmallBizArchitectureSurvey

Schedule an Appointment 👉 https://bit.ly/SmallBizArchitectureMeetUp

Learn More 👉 https://bit.ly/JSBWorryLessBuildMoreProject10000

Media Kit 👉 https://bit.ly/JSBBSG_MediaKit

How to Identify Your Competitive Advantage

Posted by JuJuan Buford @JSBUFORD

 

WHAT ARE THE 3 UNIQUE CHARACTERISTICS THAT SET YOU APART? 

In other words, what is your signature worth? What are your guarantees? 

Jimmy John’s became notorious for their “freaky fast” promotion, claiming the establishment could put a sandwich in your hand in less than four minutes. Dominoes guarantees if you are not completely satisfied with your Domino's Pizza experience, your monies will be refunded. 

In my over two decades of being a very frequent flyer at Starbucks, I've grown to anticipate after frequenting a specific location a handful of times, that the baristas will either know my name and, or be able to anticipate my order. 

The capital acquisition space in the Detroit Metropolitan area is inundated with businesses, organizations, professionals, and various other entities promising to provide funding for small business owners. If you do a deep dive into their resumes, the extent of their wisdom and know-how can be attributed to having read one book and a handful of hours of YouTube. Or have simply hopped from one organization to another padding their resumes with titles, but haven't been able to successfully build solvent business enterprises themselves. 

QT Business Solutions is led by Tina Williams, who is highly experienced and a proven commodity after over a decade of finding and securing monies for aspiring and established business owners alike. In other words, she has receipts. However, the success of her enterprise and her effectiveness weren't enough to distinguish her from the pack.

With the introduction of a guarantee, Tina’s continual maturation as a business leader, and some consistent promotion her business has become a prominent fixture in the business planning and capital acquisition space, and her brand is quickly becoming a household name in the entrepreneurial ecosystem. QT Business Solutions guarantees that as long a business owner meets a simple criteria uniformly applied by most financial institutions, a client of hers is guaranteed to obtain funding, else their monies are refunded. 

Your guarantees can be robust and boisterous. I remember when guaranteed delivery times were didn't exist, and for an establishment to do so was a big deal. Or your guarantees can be something simple, and nuanced in accordance with the tastes and sensibilities of your clients. It’s the consistency of the experience that matters. It’s your patrons feeling like they’re receiving more than what they’re paying and the predictability of it that creates stickiness.  This is what builds your brand.  

Choose 1-3 phrases to describe your guarantees. For example:

• We are an organization of entrepreneurs, serving entrepreneurs 
• We guarantee funding or a 100% refund 
• We provide uplifting service and exceed our clients' expectations 
• We invest in our business partners  
• We get what you do, and guarantee a 50% increase in your online traffic 
• Your priorities are our priorities, and we guarantee 100% satisfaction or we’ll refund your money.  
• We guarantee delivery in 2 days or a 50% refund

Is there more! But of course! Subscribe to learn additional resources, tools, workshops, and opportunities to promote your business. Learn more 👉🏾 https://bit.ly/JSBWorryLessBuildMoreProject10000

 

#entrepreneurshipisempowerment #smallbizarchitect #smallbizarchitecture #nextoppsocial

_____________________________________________________________________

JuJuan Buford is a CEO, Co Founder serial entrepreneur, writer, and public speaker. JuJuan started his career in the banking and investment advisory industry, and transitioned into business ownership and is enjoying entrepreneurial success in multiple industries: business coaching, real estate wholesaling, direct selling, business technical assistance provider, ghostwriting, and publishing. 

Phone 👉 888.549.9689 

Need a Business Coach 👉 https://bit.ly/SmallBizArchitectureSurvey

Schedule an Appointment 👉 https://bit.ly/SmallBizArchitectureMeetUp

Learn More 👉 https://bit.ly/JSBWorryLessBuildMoreProject10000

Media Kit 👉 https://bit.ly/JSBBSG_MediaKit

 

 

What is a Project 100? & Why It's Important!

Posted by JuJuan Buford @JSBUFORD

 

Are you an entrepreneur looking for a prospecting and sales strategy to jump-start your business, a sales professional looking to launch your sales career, or you're a sales manager looking for an inexpensive way to reboot your sales process?  

Or perhaps you're like me... When I first began my sales and entrepreneurial journey over ten years ago. No contacts with disposable income. No credibility as I was just starting out. Very little support or training regarding how to find potential clients. 

Then a Project 100 is more than likely the answer for your prospecting and sales challenges. Learn how a Project 100 can help you overcome these obstacles and more. 

 

 

 

 

#entrepreneurshipisempowerment #smallbizarchitect #smallbizarchitecture #nextoppsocial

_____________________________________________________________________

JuJuan Buford is a CEO, Co Founder serial entrepreneur, writer, and public speaker. JuJuan started his career in the banking and investment advisory industry, and transitioned into business ownership and is enjoying entrepreneurial success in multiple industries: business coaching, real estate wholesaling, direct selling, business technical assistance provider, ghostwriting, and publishing. 

Phone 👉 888.549.9689 

Need a Business Coach 👉 https://bit.ly/SmallBizArchitectureSurvey

Schedule an Appointment 👉 https://bit.ly/SmallBizArchitectureMeetUp

Learn More 👉 https://bit.ly/JSBWorryLessBuildMoreProject10000

Media Kit 👉 https://bit.ly/JSBBSG_MediaKit

 

Setting Up An LLC In The State of Michigan

Posted by JuJuan Buford @JSBUFORD

 

Disclaimer: This content has been made available for informational and educational purposes only and is not meant to be a substitute for legal, accounting, or other professional advice. If you have specific questions about any legal matter, you should consult with an attorney or other professional services provider.  

 

The questions outlined in this document cover the super-majority of the mistakes most new entrepreneurs make, that can have terrible consequences later on down the line. Look at, review, and think critically about each question. And MOST importantly, call your provider law firm and get these questions answered.

 

Don't have a provider law firm? Learn how a PPLSI Business & Legal Services Membership can help you Worry Less & Build More.

👉🏾 Brief Overview 

👉🏾 100 Solutions to Help You Worry Less & Build More 

👉🏾 Important Questions Every Entrepreneur Just Seek Answers

Here are some additional steps and resources to help you along your entrepreneurial journey. Remember, attempting to swallow the watermelon whole never works. Consume, question, and use this information a little at a time. 

 

Setting Up Your LLC

Setting Up New LARA (Licensing And Regulatory Affairs) Account to establish your LLC:  https://cofs.lara.state.mi.us/corpweb/LoginSystem/ListNewFilings.aspx?FilingMethod=I 

 

DOMESTIC LIMITED LIABILITY COMPANY
700 - ARTICLES OF ORGANIZATION

 

Remember the licensing fee with the state of Michigan is $50.00. If you want it done the same day, $100.00

 

Once you've acquired your state of Michigan LLC ID#, then proceed to the IRS website to acquire your EIN.(Employer Identification Number).   https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online. If you need some guidance or assistance, once again remember to call your law firm and attorneys will answer all of your questions.  

 

There are a couple documents you should have on your person at all times, especially when you begin to take on employees or partners: operating agreement, contracting agreement; non-circumvent, confidentiality agreement, and non-disclosure agreement. Read this article to acquire more food for thought: https://www.catchjsbuford.com/2019/10/business-origination-documents.html

 

Trademarks & DBAs: What's the Difference

https://www.catchjsbuford.com/2022/03/trademarks-and-dbas-whats-the-difference.html

 

#entrepreneurshipisempowerment #smallbizarchitect #smallbizarchitecture #nextoppsocial

_____________________________________________________________________

JuJuan Buford is a CEO, Co Founder serial entrepreneur, writer, and public speaker. JuJuan started his career in the banking and investment advisory industry, and transitioned into business ownership and is enjoying entrepreneurial success in multiple industries: business coaching, real estate wholesaling, direct selling, business technical assistance provider, ghostwriting, and publishing. 

Phone 👉 888.549.9689 

Need a Business Coach 👉 https://bit.ly/SmallBizArchitectureSurvey

Schedule an Appointment 👉 https://bit.ly/SmallBizArchitectureMeetUp

Website 👉 https://thebufordco.com 

Let’s Connect 👉 https://bit.ly/JuJuanBufordOfficial

Learn More 👉 https://bit.ly/JSBBSG_MediaKit

Subscribe 👉 Continue to Learn & Grow

 

#entrepreneurshipisempowerment #smallbizarchitect #smallbizarchitecture #nextoppsocial

_____________________________________________________________________

JuJuan Buford is a CEO, Co Founder serial entrepreneur, writer, and public speaker. JuJuan started his career in the banking and investment advisory industry, and transitioned into business ownership and is enjoying entrepreneurial success in multiple industries: business coaching, real estate wholesaling, direct selling, business technical assistance provider, ghostwriting, and publishing. 

Phone 👉 888.549.9689 

Need a Business Coach 👉 https://bit.ly/SmallBizArchitectureSurvey

Schedule an Appointment 👉 https://bit.ly/SmallBizArchitectureMeetUp

Website 👉 https://thebufordco.com 

Let’s Connect 👉 https://bit.ly/JuJuanBufordOfficial

Learn More 👉 https://bit.ly/JSBBSG_MediaKit

Subscribe 👉 Continue to Learn & Grow

Trademarks and DBAs: What’s the Difference?

Posted by JuJuan Buford @JSBUFORD

 

 

By Deborah Sweeney | January 14, 2020

 

 

Trademarks and DBAs may seem like the same concept if you’re fairly new to understanding small business terminology. Trademarks may include business names and other media that distinguish a startup and its uniqueness to the world while a DBA is an acronym for “doing business as.”

Businesses may register for trademarks and DBAs to protect their marks. However, each form of protection has a different function for your company’s intellectual property. Let’s take a look at what sets trademark and DBA registrations apart and whether or not entrepreneurs receive exclusive rights to both marks.

Trademarks

A trademark protects much more than the name of a business. Additional media that may qualify for trademark registration include phrases and taglines, logos, symbols, and designs unique to the business.

How do you know that your trademark is unique? The easiest way to find out is by conducting a trademark search. One of the simplest ways to start doing this is to search through a trademark database. Consider using The U.S. Patent and Trademark Office’s popular tool called the Trademark Electronic Search System (TESS). This database allows you to see which trademark applications have already been registered or if there are any pending or similar marks. If you notice a pending or registered mark is similar to your own, you cannot register your existing mark. Your impending registration will infringe upon the other mark. Instead, you will need to revise the trademark you wish to register to be a bit more unique or come up with a new idea altogether.

If you discover that there are no pending applications for your trademark, it’s a good idea to start filing for federal trademark registration. File a trademark application with your local Secretary of State or get help from a third-party document filing service, like MyCorporation!

The sooner you file to register a trademark,.... (continue reading @ https://gosmallbiz.com/trademarks-and-dbas-whats-the-difference/)

Do you have additional questions, desire consultation, or would like assistance with setting up your own trademark or DBA? Click the following link to set up a free consultation today! 

 

#entrepreneurshipisempowerment #smallbizarchitect #smallbizarchitecture #nextoppsocial

_____________________________________________________________________

JuJuan Buford is a CEO, Co Founder serial entrepreneur, writer, and public speaker. JuJuan started his career in the banking and investment advisory industry, and transitioned into business ownership and is enjoying entrepreneurial success in multiple industries: business coaching, real estate wholesaling, direct selling, business technical assistance provider, ghostwriting, and publishing. 

Phone 👉 888.549.9689 

Need a Business Coach 👉 https://bit.ly/SmallBizArchitectureSurvey

Schedule an Appointment 👉 https://bit.ly/SmallBizArchitectureMeetUp

Website 👉 https://thebufordco.com 

Let’s Connect 👉 https://bit.ly/JuJuanBufordOfficial

Learn More 👉 https://bit.ly/JSBBSG_MediaKit

Subscribe 👉 Continue to Learn & Grow

 

#entrepreneurshipisempowerment #smallbizarchitect #smallbizarchitecture #nextoppsocial

_____________________________________________________________________

JuJuan Buford is a CEO, Co Founder serial entrepreneur, writer, and public speaker. JuJuan started his career in the banking and investment advisory industry, and transitioned into business ownership and is enjoying entrepreneurial success in multiple industries: business coaching, real estate wholesaling, direct selling, business technical assistance provider, ghostwriting, and publishing. 

Phone 👉 888.549.9689 

Need a Business Coach 👉 https://bit.ly/SmallBizArchitectureSurvey

Schedule an Appointment 👉 https://bit.ly/SmallBizArchitectureMeetUp

Website 👉 https://thebufordco.com 

Let’s Connect 👉 https://bit.ly/JuJuanBufordOfficial

Learn More 👉 https://bit.ly/JSBBSG_MediaKit

Subscribe 👉 Continue to Learn & Grow

Don't Be the Bottleneck in Your Business

Posted by JuJuan Buford @JSBUFORD

 

A common challenge shared by most entrepreneurs who are attempting to scale from a team of me to a team of we is an unwillingness to disconnect themselves from every process in their businesses. If this is you, it means you're feeling tired, frustrated, stressed, and feeling like there is never enough time. It's like a feeling of dread coloring everything you do, all the time, in the face of success and failures alike.  You are literally working yourself to the brink of what will be an inevitable breakdown. 

When an athlete injures a leg, ankle, knee, an eye socket, or tears their achilles tendon there is typically swelling followed by the immediate inability to execute. Because the injury is apparent, the natural reaction is to seek immediate medical attention, followed by days, weeks, and months of rehab. Afterward, great care is taken to make sure the athlete doesn't aggravate or resume activities that may cause even the smallest tear or setback during their recovery. 

Well, how do you know when you've aggravated a mental injury? How do you know if you're suffering from an injury to the mind due to overexertion, or some type of trauma? The mind is the one body part that everyone has an opinion about but lack the ability to literally eyeball a brain injury (which would require you to crack open the skull) or damage done to the mind at the onset of an issue. A person can be operating normally without symptoms associated with an injury being apparent. 

Implementing an operating system. Learning how to attract and retain the right talent around you. Relying on processes as opposed to you being the system is how you build a thriving, healthy business. Taking these steps is also necessary to maintain a thriving, healthy you. 

What does daily medication or rehab look like? I don't know. I haven't earned a doctoral degree in medicine, and therefore if you feel like your mentally broken or exhausted beyond recovery I encourage you to seek professional, medical attention. However, I believe curating a life that includes the following activities may help:

1. Quiet moments to review your personal affirmations,
2. Take walks around the park,
3. Plant things,
4. Celebrate your wins and take inventory of your victories,
5. Reflect on your values, focus, and goals, and find alignment,
6. Set aside thirty minutes with an inspiring book or vlog daily, 
7. Dedicated a morning or evening with family or yourself to simply laugh, live, and enjoy life.
8. Performing breathing exercises can make all the difference in the world. 

If you're like most entrepreneurs you'll need to be intentional about scheduling time for these activities. What time of the day, how much time, and how often will you set aside time for your personal recuperation regimen? Choose three or create three of your own. Just do it. 

 

#entrepreneurshipisempowerment #smallbizarchitect #smallbizarchitecture #nextoppsocial

_____________________________________________________________________

JuJuan Buford is a CEO, Co Founder serial entrepreneur, writer, and public speaker. JuJuan started his career in the banking and investment advisory industry, and transitioned into business ownership and is enjoying entrepreneurial success in multiple industries: business coaching, real estate wholesaling, direct selling, business technical assistance provider, ghostwriting, and publishing. 

Phone 👉 888.549.9689 

Need a Business Coach 👉 https://bit.ly/SmallBizArchitectureSurvey

Schedule an Appointment 👉 https://bit.ly/SmallBizArchitectureMeetUp

Website 👉 https://thebufordco.com 

Let’s Connect 👉 https://bit.ly/JuJuanBufordOfficial

Learn More 👉 https://bit.ly/JSBBSG_MediaKit

Subscribe 👉 Continue to Learn & Grow

VERY IMPORTANT QUESTIONS ENTREPRENEURS SHOULD ASK WHEN STARTING A BUSINESS

Posted by JuJuan Buford @JSBUFORD

 

IT’S NOT WHAT YOU KNOW THAT KILLS YOU IN BUSINESS. IT’S WHAT YOU DON’T KNOW. THE SMALL DECISIONS TODAY, CAN CUT DEEPEST TOMORROW. BE CURIOUS. BE A LITTLE PARANOID.

• ASK WHAT TYPE OF BUSINESS STRUCTURE WOULD BE MOST APPROPRIATE. DON’T ASSUME THAT AN LLC OR A DBA IS ALWAYS THE MOST APPROPRIATE. WHAT IS THE DIFFERENCE BETWEEN AN DBA, LLC, S-CORP, C-CORP, L3C? 

• WHAT IS THE DIFFERENCE BETWEEN A SINGLE-MEMBER AND MULTI-MEMBER LLC?

• ASK HOW DO YOU KEEP YOUR BUSINESS COMPLIANT OR IN GOOD STANDING. 

• ASK WHAT ARE THE TAX REQUIREMENTS, RESPONSIBILITIES, AND CONSEQUENCES ASSOCIATED WITH EACH BUSINESS STRUCTURE. 

• WHAT TAX DEDUCTIONS AM I ELIGIBLE FOR? WHAT IS THE SELF-EMPLOYMENT TAX? 

• SHOULD I PAY MYSELF 1099 VS. W-2? WHAT DOCUMENTS ARE REQUIRED?

• WHAT IS THE TAX RAMIFICATIONS OF PAYING MYSELF 1099 VS. W-2?

• IF I HAVE A BUSINESS PARTNER, A FRIEND, A DEPENDENT, SPOUSE, OR A PART-TIME OR FULL-TIME EMPLOYEE THAT WORKS FOR OR WITH ME, SHOULD I PAY THEM W-2 OR 1099? 

• IS THERE CITY, COUNTY, STATE, OR FEDERAL LICENSING REQUIRED TO START MY BUSINESS?

• HOW CAN PAYING SOMEONE UNDERNEATH THE TABLE HURT MY ABILITY TO GROW MY BUSINESS?

• HOW DO I AVOID COMMINGLING PERSONAL AND BUSINESS INCOME? WHY IS IT IMPORTANT? 

• HOW DO I PROTECT MY INTELLECTUAL PROPERTY RIGHTS? YOUR BUSINESS NAME? YOUR DESIGNS, LOGOS, OR SYMBOLS THAT IDENTIFY YOUR BUSINESS? WHAT IS A COPYRIGHT? WHAT IS A TRADEMARK? 

• DON’T SIGN CONTRACTING, AFFILIATE, LICENSING, OR VENDOR AGREEMENTS WITHOUT HAVING AN ATTORNEY REVIEW IT. 

• WHY IS AN INDEPENDENT CONTRACTING AGREEMENT IMPORTANT?

• WHY IS A CONFIDENTIALITY AGREEMENT OR A NON-DISCLOSURE AGREEMENT IMPORTANT? 

• WHAT IS THE DIFFERENCE BETWEEN A NON-COMPETE AND A NON-CIRCUMVENT?

• WHAT IS AN OPERATING AGREEMENT & WHY IS IT IMPORTANT? 

• IF YOU ARE SECURING CUSTOMERS/CLIENTS ACROSS STATE LINES, WHAT IS YOUR TAX EXPOSURE OR RESPONSIBILITIES?

• IF I DEPOSIT PERSONAL INCOME INTO YOUR BUSINESS CHECKING OR SAVINGS ACCOUNT, HOW DO I ACCOUNT FOR IT?

• IF SOMEONE GIFTS ME MONEY OR LOANS ME MONEY, HOW DO I ACCOUNT FOR IT?

 

This list is by no means complete, but these are the questions I wished I would have known to ask, and received answers about when I first began my entrepreneurial journey 20 years ago.

 

Do you have additional questions? Call 888.549.9689 x.101 or I invite you to visit my online calendar at https://bit.ly/SmallBizArchitectureMeetUp

And if you found this article and any of our content to be awesome, and you're feeling tipsy? Buy me a coffee! 

#entrepreneurshipisempowerment

 

 

 

JuJuan Buford, Managing Partner

888.549.9689 / [email protected]

Website - https://thebufordco.com/

 

 

Our goal is to help 100,000 entrepreneurs launch, grow, & scale from a team of me to a team of we over the next 10 years. Learn More - https://bit.ly/JSBWorryLessBuildMoreProject10000

 

Schedule An Appointment - https://bit.ly/SmallBizArchitectureMeetUp

 

 

IT’S NOT WHAT YOU KNOW THAT KILLS YOU IN BUSINESS. IT’S WHAT YOU DON’T KNOW. THE SMALL DECISIONS TODAY, CAN CUT DEEPEST TOMORROW. BE CURIOUS. BE A LITTLE PARANOID.

• ASK WHAT TYPE OF BUSINESS STRUCTURE WOULD BE MOST APPROPRIATE. DON’T ASSUME THAT AN LLC OR A DBA IS ALWAYS THE MOST APPROPRIATE. WHAT IS THE DIFFERENCE BETWEEN AN DBA, LLC, S-CORP, C-CORP, L3C? 

• WHAT IS THE DIFFERENCE BETWEEN A SINGLE-MEMBER AND MULTI-MEMBER LLC?

• ASK HOW DO YOU KEEP YOUR BUSINESS COMPLIANT OR IN GOOD STANDING. 

• ASK WHAT ARE THE TAX REQUIREMENTS, RESPONSIBILITIES, AND CONSEQUENCES ASSOCIATED WITH EACH BUSINESS STRUCTURE. 

• WHAT TAX DEDUCTIONS AM I ELIGIBLE FOR? WHAT IS THE SELF-EMPLOYMENT TAX? 

• SHOULD I PAY MYSELF 1099 VS. W-2? WHAT DOCUMENTS ARE REQUIRED?

• WHAT IS THE TAX RAMIFICATIONS OF PAYING MYSELF 1099 VS. W-2?

• IF I HAVE A BUSINESS PARTNER, A FRIEND, A DEPENDENT, SPOUSE, OR A PART-TIME OR FULL-TIME EMPLOYEE THAT WORKS FOR OR WITH ME, SHOULD I PAY THEM W-2 OR 1099? 

• IS THERE CITY, COUNTY, STATE, OR FEDERAL LICENSING REQUIRED TO START MY BUSINESS?

• HOW CAN PAYING SOMEONE UNDERNEATH THE TABLE HURT MY ABILITY TO GROW MY BUSINESS?

• HOW DO I AVOID COMMINGLING PERSONAL AND BUSINESS INCOME? WHY IS IT IMPORTANT? 

• HOW DO I PROTECT MY INTELLECTUAL PROPERTY RIGHTS? YOUR BUSINESS NAME? YOUR DESIGNS, LOGOS, OR SYMBOLS THAT IDENTIFY YOUR BUSINESS? WHAT IS A COPYRIGHT? WHAT IS A TRADEMARK? 

• DON’T SIGN CONTRACTING, AFFILIATE, LICENSING, OR VENDOR AGREEMENTS WITHOUT HAVING AN ATTORNEY REVIEW IT. 

• WHY IS AN INDEPENDENT CONTRACTING AGREEMENT IMPORTANT?

• WHY IS A CONFIDENTIALITY AGREEMENT OR A NON-DISCLOSURE AGREEMENT IMPORTANT? 

• WHAT IS THE DIFFERENCE BETWEEN A NON-COMPETE AND A NON-CIRCUMVENT?

• WHAT IS AN OPERATING AGREEMENT & WHY IS IT IMPORTANT? 

• IF YOU ARE SECURING CUSTOMERS/CLIENTS ACROSS STATE LINES, WHAT IS YOUR TAX EXPOSURE OR RESPONSIBILITIES?

• IF I DEPOSIT PERSONAL INCOME INTO YOUR BUSINESS CHECKING OR SAVINGS ACCOUNT, HOW DO I ACCOUNT FOR IT?

• IF SOMEONE GIFTS ME MONEY OR LOANS ME MONEY, HOW DO I ACCOUNT FOR IT?

 

This list is by no means complete, but these are the questions I wished I would have known to ask, and received answers about when I first began my entrepreneurial journey 20 years ago.

 

Do you have additional questions? Call 888.549.9689 x.101 or I invite you to visit my online calendar at https://bit.ly/SmallBizArchitectureMeetUp

And if you found this article and any of our content to be awesome, and you're feeling tipsy? Buy me a coffee! 

#entrepreneurshipisempowerment

 

 

 

JuJuan Buford, Managing Partner

888.549.9689 / [email protected]

Website - https://thebufordco.com/

 

 

Our goal is to help 100,000 entrepreneurs launch, grow, & scale from a team of me to a team of we over the next 10 years. Learn More - https://bit.ly/JSBWorryLessBuildMoreProject10000

 

Schedule An Appointment - https://bit.ly/SmallBizArchitectureMeetUp

 

How Do You Get Better Clients? - Level Up Your Audience

Posted by JuJuan Buford @JSBUFORD

 

How do you get better clients and effectively reach out to individuals who have better connections, are more successful, or occupy a higher socio-economic stratum?

 

In other words, do business with people who are more successful than you, and they know it.

 

 

 

#entrepreneurshipisempowerment #smallbizarchitect #smallbizarchitecture #nextoppsocial

_____________________________________________________________________

JuJuan Buford is a CEO, Co Founder serial entrepreneur, writer, and public speaker. JuJuan started his career in the banking and investment advisory industry, and transitioned into business ownership and is enjoying entrepreneurial success in multiple industries: business coaching, real estate wholesaling, direct selling, business technical assistance provider, ghost writing, and publishing. 

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