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Creating a successful food business takes more than just good recipes.  In addition to making a great product, you also have to build a strong brand, engage with your customers, and grow sales.   Learn more about the different components of small food business ownership.

Funding & Financials:

April 15, 2011

How Potential Tax Law Changes May Impact Food Entrepreneurs

Since it’s tax day here in the US and hopefully you already have your taxes posted for the year (if you don’t, why are you reading this – get to work!) I thought it made sense to focus on some upcoming tax law changes that are set to take effect in 2012.   The big one that has…

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April 14, 2011

Guest Post – How Do You Know When It’s Time To Hire A Bookkeeper?

If you’re scrambling around today trying to finish up your personal taxes and get them to the mailbox before the stroke of midnight tomorrow then the last thing you may want to deal with is also filing business taxes and keeping your business accounting books up-to-date.   Even if your taxes have been finished for months,…

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April 13, 2011

Is Your Business A Business Or A Hobby In the Eyes of The IRS?

Not long after I was married my husband’s accountant, who was responsible for filing our personal taxes, asked me point-blank if my business was real or not.   Having just dedicated what felt like my life and soul to getting the business up and running I just about hit the roof when he asked that.  How…

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April 12, 2011

Tax Battle Royale: Amazon vs. the State of Illinois

A report on NPR caught my interest the other day as it mentioned that Amazon was locked in battle with the State of Illinois over whether Amazon is required to pay sales tax or not.  The crux of the argument is that in 1992 the Supreme Court ruled, in a decision known as Quill, that…

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April 11, 2011

Taxes & Small Food Businesses

As Ben Franklin so famously said – “Nothing can be said to be certain except taxes and death.”  So, in honor of personal income tax returns being due this week (April 15th in case you don’t already know!) I thought nothing would be more fun then devoting an entire week to taxes. (Is that a…

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March 2, 2011

The Financials of Starting a Small Food Business

I woke up this morning thinking about money and wanted to add to the post I wrote yesterday.  Mega-brands that line supermarket shelves take millions – if not billions – to design and design, produce, and market.   Restaurants take thousands – if not millions – to start and keep running.   Small food businesses though –…

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