Thursday, June 27, 2013

The David Storrs Group - Suggestions for Home Business


Working from Home – PJ's and the New Work-Place?
Corporate Website:  http://www.davidstorrsgroup.com
Colleague Recommendations: http://davidalanstorrs.blogspot.com/2013_09_01_archive.html

Sometimes it’ s hard to be taken seriously when you work from home. The stereotype of the typical home office worker is someone who spends most of the day in a robe. Yet how much of that is reality?

Sure, there are days when I start writing early, get on a roll and look up to see it’ s noon or later and I haven’ t taken a shower. But most of the time I try to get ready before I sit down to work. It’ s too easy to spend the day in pajamas. It’ s not fair, but it’ s true that when you work from home you have to be more organized, more disciplined and more professional than your corporate counterpart.

In its recent study, The Entrepreneur Next Door, the Kauffman Foundation indicates that entrepreneurship is as widespread in the United States as getting married or having a baby.  More than 10 million U.S. adults are actively engaged in creating businesses, often with a friend or colleague. With lay-offs and corporate downsizing filling the news, no wonder sources as mainstream as USA Today and MSN are recommending entrepreneurship as the new corporate lifestyle.

Laid-off and downsized workers are “making lemonade.”  Instead of sending resumes, they are investing in themselves by starting businesses or purchasing franchises. Gladys Edmunds, USA Today, says it best—when you leave your job, you take with you the skills and talents that you own—plus the experience you got during employment. 

Many choose to become consultants or independent contractors in familiar industries. Others take transferable skills like salesmanship or project management and apply them to new ventures.  Some use their newfound freedom to turn a hobby into a profit center.      
Whichever entrepreneurial direction you choose, select a business structure that works for you and your family. Many businesses start as sole proprietorships or partnerships. 

However, these structures have unlimited personal liability for company debts. As a result, many business owners opt to incorporate or form a limited liability company (LLC) to protect their families and financial interests. Businesses may change structure at any time.  Here are the most critical items to consider when selecting—or re-selecting—your business structure.

1. Protection of personal assets—Sole proprietors and partners have unlimited personal liability for business debt or law suits against their company. Creditors can attach homes, cars, savings or other personal assets. Incorporating or forming an LLC helps separate your personal identity from your business identity. Corporation shareholders or LLC members have only the money they put into the company to lose.

2. Pass-Through Taxation—For sole proprietors and partners, company profits/losses pass directly through to their personal tax returns. For corporations, profits are taxed, then the profits that are distributed to shareholders as dividends are taxed again on the personal level.  This “double taxation” can be avoided while still enjoying the benefits of personal asset protection by forming an LLC or by electing an S Corporation. S Corporations and LLCs can be taxed just like partnerships.

3. Uninterrupted business—Sole proprietorships and partnerships may automatically end or become legally entangled when one owner dies or retires.  Corporations and LLCs are enduring legal business structures. They may continue regardless of individual officers, managers or shareholders. Corporation ownership may be transferred, without substantially disrupting operations, through sale of stock.

4. Access to Capital—Sole proprietorships and partnerships may find investors hard to attract because of personal liability. Investors are more likely to purchase shares in a corporation where they can separate personal and business assets.

5. Credibility with vendors and customers—Adding “Inc.” or “LLC” to your company name helps your business seem larger and more established!
Next, you will need a business plan. Take time to think through the suggestions below:


·       Take the long view and do long-term planning. Map out where you want to be five years from now and how you plan to get there.
·       Write the plan yourself. You will learn more about your business by doing so.
·       Think of your plan as a living document. Review it regularly to make sure you are on track or to adjust it to market changes.
·       Share the plan with others who can help you get where you want to go—such as lenders, key employees and advisors.
·       Understand that you might pay a price in the short run to obtain long-term business growth and health.

      Don't worry .... If you stay with it, be consistent and true to your clients, partners, brand, yourself and what you stand for, it will be worth it!



Wednesday, June 26, 2013

David Storrs - The David Storrs Group


About David Storrs and The David Storrs Group of Companies

Corprate Web Site:   http://www.davidstorrsgroup.com

The professionals at David  Storrs Group provide detailed attention to project objectives, delivering simultaneous, large-scale mission critical projects on time & under budget in diverse global locations. Team-based interaction style and superior interpersonal skills lend to the ability to elicit cooperation in success of critical path projects and initiatives.

David Storrs is an exceptional master at relating to people!” In my experience in working with great leaders and mentors over the years, it is a rare opportunity to come accross a man of the caliber of David Storrs. He pays significant attention to details. David Storrs is prompt in responding to matters whether small or great. His level of competence in his field of occupation is unmatched. His integrity is reflected in everything he does. His counsel and advice has had and continues to have a profound impact upon my business and my life... … … … … … February 9, 2011 , -Ben Muhlestein, Director, Quintilian School of Oratory/Nevada

“These days, business is a risk-ridden, high-stakes world. We invite you to elevate your company to new heights. Our solid team of professionals and partners provide consulting services in a setting like you have never experienced before! Enjoy a high adventure retreat with The David Storrs Group. David and his team of highly qualified business, organizational, social media marketing and sales professionals have well-developed “best in class” deliverable systems and acumen reflecting careers of strong knowledge, wisdom and responsibility coupled with real-life experience. The David Storrs Group has a seasoned and sharpened ability to apply advanced technical project management, social network marketing, organizational and sales force team building to a diverse range of client needs. Out of the classroom, they have a record of delivering simultaneous, large-scale mission critical business projects on time & under budget.

The David Storrs Group delivers team-based interaction style and superior transferable interpersonal and social media marketing tools which will provide the foundation for boosting productivity, sales and morale. As a lead consultant to clients in Nevada Utah and California, The David Storrs Group of partners and staff have earned reputations as tenacious leaders in their respective industries. From our adventure bases and partner locations in North Las Vegas, Nevada and Moab, Utah, your firm or group will be exposed to top teams in corporate and organizational development and experience rich high-adventure team-building activities.
See our corporate web site: http://www.davidalanstorrs.com

My business/life philosophy is summed up in a poem by Rudyard Kipling:

If you can keep your head when all about you
Are losing theirs and blaming it on you;
If you can trust yourself when all men doubt you,
But make allowance for their doubting too:
If you can wait and not be tired by waiting,
Or, being lied about, don't deal in lies,
Or being hated don't give way to hating,
And yet don't look too good, nor talk too wise;

If you can dream---and not make dreams your master;
If you can think---and not make thoughts your aim,
If you can meet with Triumph and Disaster
And treat those two impostors just the same:.
If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build'em up with worn-out tools;

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings,
And never breathe a word about your loss:
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: "Hold on!"

If you can talk with crowds and keep your virtue,
Or walk with Kings---nor lose the common touch,
If neither foes nor loving friends can hurt you,
If all men count with you, but none too much:
If you can fill the unforgiving minute
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And---which is more---you'll be a Man, my son!