If you started a small business because you sought independence, then this is also an achievements.Krone Consulting is promoting Entrepreneurs to start step foot in industry as an independent businessman.It will keep you motivated with high goals and norms. For many individuals at some point in their career they may have to decide whether or not they want to work as an employee or an independent contractor. For employers this can be an important decision also as there are numerous tax and regulatory obligations in place when having an employee that do not exist when hiring independent contractors.When trying to expand or leverage your successful business to further growth two models that are commonly used are franchising and licensing. While they may mistakenly be used interchangeably they are two distinct concepts and this article will discuss their differences to assist you in deciding between franchising vs. licensing.
Krone Consulting believes in encouraging creative start-ups
Personal independence in the form of business ownership is core to our dream. Choosing what you want to do and being free to pursue those goals are close to the principles of the Founding Fathers. And let’s not forget the desire for independence that drives more and more entrepreneurs into businesses or to become independent contractors.So, whether you’ve already “gone it alone” or are thinking of becoming your own boss, When you dictate your own schedule and are your own boss, control is in your hands. For many, this equates to greater personal happiness, but control also brings with it opportunity.
Hiring qualified assistants is your expense. You are responsible for their actions in the eye of the company. Workman’s Compensation Insurance, Unemployment Insurance and all necessary federal and state taxes must be filed and paid on time.Car rental companies compensate their independent contractors on a commission basis. A respectable income can be earned by a hard working agency operator without a large initial investment. The small business lending landscape is diverse, complicated and time consuming. Let’s face it, the deck is stacked against the business owner making it virtually impossible to beat the system and get the best terms, the best rates and the most optimal funding solution.
Thinking about independent start-up,Let’s get together
Independence is a quality that can be possessed by individuals and is an essential component of professionalism and professional behaviour. It refers to the avoidance of being unduly influenced by a vested interest and to being free from any constraints that would prevent a correct course of action being taken. It is an ability to ‘stand apart’ from inappropriate influences and to be free of managerial capture, to be able to make the correct and uncontaminated decision on a given issue.
If, for example, an auditor is a longstanding friend of a client, the auditor may not be sufficiently independent of the client. Given that it is an auditor’s job to act on behalf of shareholders and not the client, the friendship with the client may compromise the auditor’s ability to effectively represent the interests of the shareholders. The auditor may not be as thorough as he ought to be, or he may be influenced to give the benefit of a doubt to the client when he should not be doing so.