Key Takeaways Increased IRS Scrutiny: The IRS is intensifying focus on small businesses to enhance tax compliance and address underreported income, making it crucial for owners to stay informed about their tax obligations. Higher Audit Risk: Small businesses, particularly those reporting lower income levels, face a greater likelihood of audits, which can severely impact their…

Key Takeaways Identify Opportunities: Utilize your spare room for various business models such as short-term rentals, co-working spaces, or bed and breakfasts to enhance income potential. Understand Legal Requirements: Familiarize yourself with local regulations, necessary permits, and business structures (e.g., LLC), to ensure compliance and protect your investment. Create a Solid Business Plan: Outline funding…

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now Everywhere you look, people are talking about AI agents like they’re just a prompt away from replacing entire departments. The dream is seductive: Autonomous systems that can handle anything…

Amazon Web Services (AWS) has solidified its alliance with Veeva Systems, a key player in life sciences software, by enhancing their long-term collaboration. This partnership expansion includes AWS providing cloud infrastructure for Veeva Vault applications, notably Veeva Vault CRM Suite, which is tailored for the intricacies of life sciences customer interactions. For small business owners…

Key Takeaways Understanding Both Elements: Recognizing the roles of both talent and hard work is crucial for achieving success, especially in small businesses. Importance of Talent: Natural abilities can streamline recruitment and enhance employee performance, allowing businesses to leverage the strengths of individuals quickly. Value of Hard Work: Consistent effort and discipline often yield better…

Key Takeaways Stepping out of your comfort zone is essential for personal and business growth, leading to new opportunities and experiences. Recognizing the factors that keep you in your comfort zone, such as fear of failure and uncertainty, is crucial to overcoming obstacles. Embracing discomfort can help you build resilience and discover strengths you didn’t…

The recent approval of disaster relief funds for small businesses in downtown Los Angeles signals an important moment for entrepreneurs recovering from significant turmoil. Following an unprecedented wave of riots that reportedly caused $1 billion in damage to the city, small business owners now have the opportunity to access federal support intended to help them…

Key Takeaways Define Your Business Idea: Clearly articulate your business idea to address market needs and target your audience effectively, laying a solid foundation for your plans. Conduct Thorough Market Research: Understand your audience and competitors through market research to refine your business model and differentiate your brand. Create a Comprehensive Business Plan: Develop a…

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now Picture this: You give an artificial intelligence complete control over a small shop. Not just the cash register — the whole operation. Pricing, inventory, customer service, supplier negotiations, the…

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now Editor’s note: Kumo AI was one of the finalists at VB Transform during our annual innovation showcase and presented RFM from the mainstage at VB Transform on Wednesday. The…