You know you have an online retail business when

It’s the most commonly asked question eBay and Amazon sellers ask me: “I’ve been selling on eBay/Amazon/Etsy/wherever for a while, but I don’t know if I should treat it as a hobby or a business.” Sooner or later, every online seller has to make the fateful decision: Should I do this only occasionally for the […]

What to make of the high-frequency trading boom

My brother was visiting from China, and we got into a discussion of the stock market and the impact of high-frequency trading, or HFT. Oh, the things we discuss after a good dinner and copious amounts of wine. Does HFT help or hurt individual investors? Is the market “rigged” against small investors? Electronic-trading systems were […]

Registering nonprofit laborious if not eligible for EZ form

Part I of two-part series Getting a nonprofit organization off the ground has always involved three steps: • Forming a nonstock corporation or limited liability company (LLC) under your state’s business organization laws. • Registering the corporation or LLC for tax-exempt status with the Internal Revenue Service under Section 501(c)(3) of the federal tax code. […]

The 6 C’s that should be in every business plan

There are at least 1,000 books in print telling people how to write a business plan. The problem with most of them is: They’re wrong. Or at least they’re not practical for the vast majority of business startups. Unless you are a high-tech startup looking for venture capital, you do not need a 50-page book […]