In this bonus lesson, Steve looks at how to compute a bill rate for services, how the internet has changed the playing field for the specialty business in the long-tail economy, and how demand curves can predict usage trends. He also discusses

15 Funding the Business (8:29) - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 8m 29s

In this lesson, Steve looks at the most common sources of capital for a new business. He discusses the differences between debt and equity in funding a business. He completes the discussion talking about the three levers banks use to mitigate

14 Accounting and Taxes Plus Insurance (16:33) - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 16m 34s

In this lesson, Steve starts out discussing some basic regulatory issues. He then talks about how income taxes work for various entity types, how owners get paid thru owner draws, and how sales and use taxes work together. Finally, in this le

13 Employees and Subcontractors (10:51) - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 10m 51s

In this lesson, Steve looks at the legal requirements of hiring an employee vs using a 1099 sub-contractor. He also looks several popular freelancer/outsourcing sites and how they can be used to keep startup and operational costs down.The pos

12 The Registered Agent and Registering with the SOS (4:52) - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 4m 52s

In this lesson, Steve discusses the role of the registered agent when registering your entity with the secretary of state and the kinds of question you should be prepared to answer.The post 12 The Registered Agent and Registering with the SOS

11 Operational Plan Elements and Entity Types (11:17) - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 11m 17s

In this lesson, Steve looks at some key elements of an operations plan. He discusses show boots tactics to achieve best results and well as the pros and cons of some popular business entity types like Sole Proprietor, LLC and S-Corps.The post

10 Accepting Credit Card Payments and Marketing Strategy (11:27) - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 11m 27s

In this lesson Steve compares merchant accounts to payment aggregators like PayPal and Square.The post 10 Accepting Credit Card Payments and Marketing Strategy (11:27) appeared first on Small Business Ideas | Starting a Small Business.

9 Sales and Marketing plus Pricing Strategies (15:29) - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 15m 30s

In this lesson, Steve discusses the differences between sales and marketing and looks at over a dozen pricing strategies to drive customer behaviors.The post 9 Sales and Marketing plus Pricing Strategies (15:29) appeared first on Small Busines

8 Connecting Business and Economic Models (10:01) - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 10m 1s

In this lesson, Steve uses the outputs of the business models and discusses how it is used to establish an economic model for the business. He shares how revenue drivers, volume, margins, and operating leverage all relate to define the busines

7 Traditional Business Planning (10:44) - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 10m 45s

In this lesson, Steve looks at how to use the information collected in the financial and marketing threshold lessons to create a traditional business plan.The post 7 Traditional Business Planning (10:44) appeared first on Small Business Ideas

6 Business Model Canvas (30:32) - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 30m 33s

In this lesson, Steve discuss how to develop a value proposition and then to develop a one page business model using the Business Model Canvas conceived by Alexander Osterwalder.The post 6 Business Model Canvas (30:32) appeared first on Small

5 Marketing thresholds (33:04) - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 33m 5s

In this lesson, Steve discusses what does onto a market analysis and reviews some popular B2B and B2C market research tools such as Reference USA and Business Decisions frequently provided through the local library. In the end, we get to a “go

4 Financial Thresholds (14:02) - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 14m 2s

In this lesson, Steve discuss creating a worksheet to estimate a business’s pre-startup costs. He discusses fixed vs variable expenses and how they can be used to create a break-even analysis to come up with the minimal sale price of a unit.

3 Validating Your Small Business Idea (10:52) - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 10m 52s

In this lesson, Steve discussed how new or novel products should be introduced by testing assumptions using Minimally Viable Products. He discusses how crowdsourcing can be used to verify customers desires to exchange money for a product.The

Feb 6th, 2017 11m 51s

In this lesson, Steve dispels several popular myths many wantrepreneur state as reasons for starting a business and shares what he thinks are the best reasons to go into business. He goes on to discuss some of the challenges hobbyist often fac

1 Some Small Business Facts - Going Pro: Moving from Hobby to Business

Feb 6th, 2017 17m 56s

Welcome to the first lesson of SteveBizblog.com’s Going Pro: Hobby to Business workshop. In this lesson, Steve discusses facts about business and what enables them to succeed or causes them fail. Steve shares the 5 things every business needs

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