For the love of your business
For the love of your business
There are numerous advantages to running your own business: being your own boss, setting your own hours, getting to decide who you work with and what you work on. However, business ownership can also be one of the most stressful endeavors you’ll ever undertake in your life. While running your own company will inevitably have […]
Read MoreQ & A: QUESTION ______________________________________________________________________________ Q: How can I use legal agreements to establish healthy boundaries with clients? —New Business Owner ANSWER ______________________________________________________________________________ A: Dear New: To ensure your clients are aware of your boundaries—and the consequences for breaching them—you can incorporate your boundaries in the terms of your legal agreements. […]
Read MoreRegardless of the industry you are in, the reality of being a business owner is that you open yourself up to a number of unique risks that most people don’t have to worry about—and the more successful your business is, the more risks you face. Unfortunately, most business owners aren’t fully aware of all the […]
Read MoreOutside of personal liability protection, one of the primary advantages of setting your business up as a Limited Liability Company (LLC) is flexibility in how your company is taxed. And many business owners elect to have their LLC taxed as an S Corporation (S-Corp) to save money on payroll taxes. By choosing to be taxed […]
Read MoreIf you are thinking of starting a business, you’ll find all sorts of advice about how to go about getting your new venture off the ground. Indeed, there are entire websites devoted to the topic. Yet, with so much information out there, it’s hard to know what you should heed and what you can ignore. […]
Read MoreDo you feel obligated to check work emails, texts, and voicemails at all hours? Do you often work evenings, weekends, and holidays, even after you promised yourself you wouldn’t? Do you feel pressured to say yes to pushy clients because it’s easier than saying no? Do you feel resentful of clients for placing unreasonable demands […]
Read MoreQ & A: QUESTION ______________________________________________________________________________ Q: What are some easy ways to reduce my new company’s expenses? —Cost Cutter ANSWER ______________________________________________________________________________ A: Dear Cutter: When running a new business with limited revenue, it’s critical to rein in spending. Some easy ways to reduce expenses include encouraging your team to work remotely, […]
Read MoreFew business owners are legal experts. Yet many act like they are veteran attorneys when it comes to their legal agreements by thinking they can simply wing it and create their own contracts or rely on cheap, fill-in-the-blank legal forms they purchase for cheap online. However, this is playing with fire. In fact, you could […]
Read MoreAs a business owner, it’s inevitable that you will face minor conflicts and disputes at some point. Whether it’s a client who refuses to pay a bill, an independent contractor who fails to fulfill the terms of their agreement, or a vendor who stiffs you on an order, dealing with such issues is a simple […]
Read MoreWhen running a small business, every dollar counts, so it’s critical to keep a tight rein on your expenses, especially when you are just starting out and have limited revenue. If not monitored carefully, spending can quickly get out of control and put a serious strain on your operation’s financial health. Outside of hiring an […]
Read MoreIf you have yet to put in place an estate and succession plan for your business, you’re going to leave the people you love most—your clients, your customers, your team, and your family—in the lurch when something happens to you. And while that probably won’t be tomorrow, it could be. We get it—there are plenty […]
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