Whether you have one or a thousand and one, the pricing is set so even the smallest business can afford to use Priority Pay Payroll. They offer excellent customer service, low cost payroll processing and easy to use internet access to your company's payroll.

A nationwide company, this year has been splashed with new offices opening throughout the United States.

They offer payroll processing, tax filing, new hire reporting, w2 processing and quarterly tax filing.

Unlike their competitors, Priority Pay Payroll is not going to quote you some unreasonably high quote that will send you through the roof. Their modest quote is one of the lowest in the country; but they sacrifice nothing in their services they offer.

Don't be fooled by giants like Paychex and ADP that will tell you that you need to pay outrageous fees for payroll service. They would love to make you think that high prices are equal to incomparable services. Hogwash.

Time and time again people who have had Paychex and Adp have spoken of the disappointment they have had once they forked over huge amounts for payroll service, only to receive less then satisfactory payroll processing.

You need to do your homework when selecting a Payroll Provider but if you ask me the best out there is Priority Pay Payroll. They have proven to be economical and professional in their services.

Failure is defined as “lacking or insufficient; to fall short” according to Webster's New World Dictionary (1980). A study provided by the Business Information Tracking System (BITS) shows that half of new small businesses survived beyond four years According to Characteristics of Business Owners (CBO) of those that did close approximately 1/3 were successful when they closed their doors. Closing a business is not synonymous with failure. The Business Information Tracking System (BITS) reports that of those that closed their doors, many followed a planned exit strategy in that they did not leave the business owing large amounts of money, and most either sold the business and or retired. According to the Small Business Association and the Wall Street Journal (taking sole proprietorships out of the equation) about 80% of all new small businesses succeed after 4 years.

Money Matters

It takes money to make money. So if you have no money there is no hope of owning your own business? Here are some ways to stay within the budget and control costs:

• Location - If at all possible choose a business that you can start from home or by sharing a small office space with someone else until your business takes off
• Research - The internet is such a wonderful place to find information. Look into similar businesses and try to discover their strengths and weaknesses, also be aware of the number of businesses which provide the service you would to market. Is the area already saturated with this type of business, or is there a real need? You want to compete successfully. Also research your own motives and objectives. Do you have the drive, knowledge, skills and motivation that you need to succeed?
• Product or Service - If at all possible provide a service as opposed to a product. This will save on inventory costs. If you are determined to sell goods, try using a consignment service or purchasing from a liquidator to fray costs.
• Personnel - Having a staff increases expenses tremendously. If possible hire personnel on a project to project basis or commission only. Another possible method of payment would be to allow your staff to buy into the equity of the business. This would mean they believed in your venture, and would be more encouraged to see you succeed. This is a great staff motivator.
• Equipment - Check the papers for companies that are either liquidating or remodeling. Sometimes equipment can be purchased for a fraction of the cost. There are also sites such as Freecycle where people place items no longer wanted on a board. There is no cost involved for acquiring these products.
• Legal and Accounting Service - Not only are there workshops provided by the Small Business Administration, but some attorneys and accountants will waive fees temporarily to assist in your start up. Your banker is also a good source for financial information. Many banks also provide free checking to the small business owner.

Job Market/Unemployment Rate

Not many jobs are created by the small businesses. During 2003, which is the most recent year available for this data, small firms created 1.99 millions jobs, while large firms consisting of 500 or more employees lost 995,000 jobs. This information is provided by the SBA Office of Advocacy.

Economical Contribution

Small firms are not contributing much to our economy. Again we have statistics from the Small Business Administration to dispute our rumor. There are some sectors of our economy where small businesses comprise the majority of that field, for example photo finishing, dry cleaning, laundry services, construction, and machinery repair to name a few. Here small businesses make up 80 % of the United States market.

Healthcare

Small businesses do not provide their employees with health care. While it is true, small businesses are not afforded the opportunity to pay the lower costs in health care, the facts are that 48% of businesses with 250 employees or less are still offering their employees health care.

There is an effort to alleviate the difference of costs going on currently by the National Federation of Independent Business. Their site offers more information regarding their health care lobby.

So for those of you who are contemplating opening your own business, do your homework, do not believe everything you hear, and good luck. Send me your business card.