Browsing CategoryBusiness

Incorporated vs. Unincorporated: Which Business Structure Is Better?

According to one study, 32% of Americans want to start a business. If you have a good business idea, you might be wondering whether you should set up an incorporated or unincorporated business. After all, if you don’t have a lot of business experience, you may not know how these two options differ. This post will explore the various sides of the incorporated vs. unincorporated debate. Once you’re done reading, you’ll know which approach is right for you. Let’s begin! Incorporated vs. Unincorporated: What Are the Main Differences? To begin with, let’s take a look at what these two terms…

8 Errors in Crypto Trading and How to Avoid Them

If you’re new to crypto trading, or even if you’ve been in the game for a little while now, there are errors that you make over and over again. These errors can be costly mistakes in both time and money. In this blog post, we’ll talk about errors in crypto trading that can negatively impact your portfolio. Byte Federal will also provide some tips on how to avoid these errors so that your cryptocurrency trading strategy is more successful. 1. Trading Based on Emotions Don’t let your emotions get the best of you. You should never trade based on impulse…

3 Key Tips for Making Watertight Business Contracts

According to the U.S. Small Business Administration, federal agencies spent a record-breaking $145.7 billion on small business contracts in 2020. An increase of $13 billion from the previous year. This means a business contract is a business-critical document for entrepreneurs and business owners. If you’re like most business people, the idea of writing one stresses you out because it involves tedious legal jargon that makes your head spin. So to make things easier on yourself, we’ve put together some key tips to help ensure when making a business contract, you’re making watertight business deals. 1. Hire a Commercial Contract Lawyer…

5 Tips on Choosing Online Fax Companies for Small Businesses

Like thousands of other people, you might think that fax is outdated. So it might surprise you to know that thousands of fax machines are still sold in the US. But these days, most companies use e-faxes, which are even more secure and let you fax without a dedicated machine. But before you pick between the online fax companies out there, you need to keep a few considerations in mind. Ready to pick the right online fax company for your small business? Keep reading to learn everything you need to know. 1. Think About What Features You Need The features you need affect…

3 Ways You Can Improve Your Budget Administration

With over 32 million businesses in the United States alone, any advantage can mean the difference between success and failure. A key to success in the business world is budget administration. Knowing what you can spend, how you need to spend it, and what you should expect for that expenditure can assist any venture, no matter what kind. Budget administration involves taking control of your financial future and success. From clerical accounting work to budgetary control and beyond, set your business on a course for success. But how do you improve budget administration to stay ahead of the curve? Here…