For the love of your business
For the love of your business
With the government-mandated shutdowns and loss of business due to the pandemic, you may be thinking about filing for bankruptcy to deal with your company’s debt. However, even though bankruptcy is a valid option that can give you a chance to get a fresh start, bankruptcy isn’t always the best solution for managing out-of-control debt […]
Read MoreThis is the first in an ongoing series covering the value legal agreements bring to your business beyond the surface. From boosting your bottom line and expanding your business to hiring the most talented team and improving every relationship you enter into; this series offers a comprehensive look at how effective legal agreements can enhance […]
Read MoreYou might assume that growth is always a good thing. But if you aren’t prepared, rapid growth can lead to serious problems—and even cause your business to fail as a result of implosion. Growth is only sustainable if you have the systems and resources to support it. As your company expands, so do your costs […]
Read MoreWhen there’s a blow to your business, especially an unprecedented world event like the pandemic we are living through, you might feel paralyzed and unable to make a move. But when problems crop up, you as a business owner can’t afford to freeze. Or fight, or flee, for that matter. Freeze, fight, and flee are […]
Read MorePeople start their own businesses for all sorts of reasons. Sometimes it’s a lifelong dream. Sometimes it’s a desire to have more control over one’s time and money. Sometimes it’s just old-fashioned necessity, like if you’ve been laid off from your job and are having trouble finding a new one in your field. But if […]
Read MoreIn my previous article, I gave you some ways in which you can prepare yourself and your business when served with a lawsuit. I mentioned one thing in particular that could mean all the difference in dealing with this scary scenario—finding the right lawyer to help you resolve the conflict, or litigate on your behalf, […]
Read MoreWith the proliferation of web-based mobile technology, consumers have come to expect a variety of digital payment options. From online payment platforms, such as PayPal and Venmo, to mobile wallet services like Apple Pay and Google Wallet, today’s business owners have a number of different payment systems to choose from. But perhaps the most innovative […]
Read MoreStandard operating procedures (SOPs) are detailed instructions describing the procedures for carrying out recurring business tasks. At first, creating SOPs for your company’s processes might not seem very important. After all, if it’s just you and a couple other people doing all the work, creating step-by-step instructions for each key task might seem like a […]
Read MoreIn the first part of this series, we discussed the initial steps for saving big on your 2019 taxes. Here, we describe the next steps in the process. Taxes are a thorn in just about every entrepreneur’s side. Indeed, taxes are your single biggest business expense. That said, it’s fairly easy to reduce the amount […]
Read MoreWhen you first realize that your biggest personal and business expense—bar none—is taxes, it can come as quite a shock. Seeing so much of your hard-earned money wind up in the government’s hands can feel like a shakedown. Yet focusing a relatively small amount of time and effort into strategically reducing your taxes can pay […]
Read MoreScaling your business is about effectively planning and preparing for growth, so as your operation gets bigger, your costs and workload don’t increase to unsustainable levels. To properly scale your business, you should be increasing revenue at a rapid rate, while increasing costs at a much slower rate. Growth is only sustainable if you have […]
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