Detroit, MI (PressExposure) August 26, 2009 -- Edward King, Director of Small Business Services at Wayne State University, will be doing a no cost 90-minute teleseminar on Thursday August 27th at 7:30 PM EST. He will discuss the specific problems of getting a business off the ground and the problems in running a business. âMost information circulated contains myths,â said Mr. King. Some the myths include:
â¢ Everyone should be in business. Truth: Only 25% of the population has the necessary skills to be successful. â¢ Individuals should get into the business that will be "hot" over the next year. Truth: You must consider starting only those businesses that comply with your own unique interests and abilities. â¢ Running is a business very complicated. Truth: It is simple if you know the steps. â¢ You should price your product or service based upon what your competition is charging. Truth: There is a very simple formula to calculate what you charge. â¢ You built it and they will come: Truth: You must come up with a very specific marketing plan. â¢ If you are running a business, you will pay a lot in income taxes.
Truth: There are two sets of taxes... one for the employee and one for the business owner. As a business owner you are able to write off a lot of things that you couldn't if you worked for somebody else.
Did you know that 89% of annual incomes over $50,000 are earned by owners of small businesses? Do you know why four out of five small businesses fail within five years? Knowledge is the difference between success and failure.
The teleseminar will cover the following topics:
* How to slash hundreds off your taxes, * Why 90% of business opportunities are a ârip off,â * The 20 biggest âpitfallsâ in starting and running a small business, * How to price your product or service, * The secrets of making money on eBay, * How to get 75% of your new customers from the Internet, and * How to start with very little cash. * How to double your profits in 90 days using a simple free tool.
Ed King is the Director of Small Business Services at Wayne State University, Detroit. In addition to receiving an MBA with honors from the University of Michigan, he is a CPA. Ed has been working with Fortune 500 companies and small business owners for 30 years. Mr. King has written three business books.
Ed King is the âreal deal.â He can size up any business situation in a few minutes, and give you a solid, practical, step-by-step method for solving your problem. Mr. King is an expert in accounting, taxes, financing, copy writing and evaluating opportunities. He is a virtual encyclopedia of small business knowledge.
Ed King is known as the small business âgo-toâ guy for the Detroit Free Press, Detroit News, Crainâs Detroit Business, Comerica Magazine; Carol Cain dedicated an entire television show to him on Michigan Matters. Crainâs Detroit Business likes Mr. King so much that they follow him around with a video camera. See http://www.crainsdetroit.com/section/smalltalk. He has been quoted in hundreds of articles and in the best selling book âThe Obvious Expert.â
This is a free âshirt-sleeveâ small business teleseminar that has been presented for 30 years, and has helped thousands of individuals transform their ideas into growing businesses. This workshop will include a free 12-page workbook. The free workbook can be downloaded at http://www.FreeSmallBusinessClass.com.
Free Small Business Teleseminar Date: Thursday, August 27th Time: 7:30 PM EST You can call 1-218-862-7200 Conference ID: 360361
Register by sending a blank email to SmallBusinessClass@gmail.com.
P.S. We only have 250 telephone lines and this information is going to thousands. Please register early to lock in a spot.
Edward King, MBA CPA Director of Small Business Services Wayne State University 5229 Cass Ave., Room #240 Detroit, MI 48202 Telephone: 313-577-4474 Fax: 313-577-4354 EMail: EdwKing@aol.com