Starting a business requires many decision makings, and at an early stage Freshpreneurs need to indicate the type of entity they would like to set up.  It is critical to spend time learning about the different business structures that are available.

There are five main options available, with a few having sub-categories:

  1. Sole Proprietorship
  2. Partnerships
  3. Corporations
  4. S Corporations
  5. Limited Liability


Each structure has its own advantages and disadvantages.  The following links will provide you with information about each option, and the tax forms that needed to be completed for the IRS.

Types of Business EntitiesBenefits and Drawbacks of Different Types of Business EntitiesIRS

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The Passion

This is Freshpreneur’s first article.  This is my first article.  I am not a veteran entrepreneur, rather a rookie.  I have yet to start up my own company, but that will change soon.  I’m a Freshpreneur.  As I learn from experienced, successful, and even failing entrepreneurs, I plan on sharing their advice and knowledge with others who are about to take the first steps of doing it on their own. I will be posting articles and information that I find helpful, hoping that it will maybe assist others as well.

The passion of helping others is the reason I decided to start this blog. As the first article, I see it fit to talk about the drive and the necessary foundation needed to starting a business. One common factor that I hear from entrepreneurs about starring a business is to make sure that you are %100 passionate about what you want to do.  A start-up business presents a very difficult road and unless you have been there, you really can’t understand it.  The key to moving forward through the hardship and the struggles is digging deep to find the passion that thrives in your veins.

When you let your passion drive you, it leads you to greater lengths.  Doing it for just the money could be a hit or miss, specially during the downturns of the economy. So if you are on the verge of going on your own path and creating a start-up, look in the mirror and if you don’t see the fire flaring in your eyes, then you may want to reevaluate your options.  Find the passion and build upon it.

Here are two articles by Tara Jacobsen and Deniela Cavalletti that can give you a little more info on finding the passion

How To Find Your Small Business Passion

Passion Feels Good…and Breeds Success

“Passion is energy. Feel the power that comes from focusing on what excites you.” – Oprah Winfrey

 

 

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Coming Soon!

The Freshpreneur is under construction and will be available soon.

The goal for Freshpreneur is to provide new and upcoming entrepreneurs with beneficial posts and links that will assist them in pursuing their visions.

While you are here, visit the following links. The first link will take you to Steve Jobs’ commencement speech at Stanford University in 2005. He delivers a powerful and motivational speech. The second link will take you to Entrepreneur.com’s (a great link for start-ups) article about Steve’s Seven Rules of Success.

“STAY HUNGRY, STAY FOOLISH” – Steve Jobs

Stanford University Commencement:  http://www.youtube.com/watchv=UF8uR6Z6KLc

Steve Jobs and Seven Rules of Success:  http://www.entrepreneur.com/article/220515

 

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