Remote work offers a number of benefits for both you and your team. Without a physical office, startup costs and overhead are significantly lowered. But running a remote workforce also comes with its own unique challenges. This is especially true when it comes to managing your team and keeping them engaged and motivated. With this in mind, adopt these three strategies to engage better and manage your remote workforce.
If you've always dreamed of running your own business but find the thought of building an entire company from scratch too daunting, you might consider investing in a franchise. When you purchase a franchise, you get an already proven business model and brand, which can make the startup phase significantly easier. Also, most franchises come with turnkey operating systems, extensive training programs, and ongoing support from the franchisor. However, no business is without its risks and drawbacks.
Coming up with a solid concept for a new business and working to get your operation off the ground can be an expensive undertaking. But the good news is that you can write off several expenses involved with the startup process. However, the rules for deducting startup expenses are different from those for writing off general business expenses incurred by an existing company. Here are some of the basic rules for writing off startup expenses that will benefit your business.