For the love of your business
For the love of your business
Q: How Can I Spend Money to Make Money? -Business Owner A: Dear Business Owner: Great, and very important question. If you want to increase your top line revenue, you’ll likely need to increase your expenses as well. Not all expenses are bad. Shift into the question of how can you best invest money to have […]
Read MoreQ: What financing options do I have when buying a business? -Future Business Owner A: Dear Business Owner: Owning your own business can be a dream come true. But many people shy away from the idea of purchasing an existing business because they lack the capital to make the purchase. Buying a business may require […]
Read MoreQ: What are the tax benefits of hiring your children? Business Owner and Parent– A: Dear Business Owner: Hiring your children can teach them about entrepreneurship and building a work ethic. It can work out to your benefit, too. Your child’s earnings might be exempt from payroll taxes if your business is unincorporated. Hiring your […]
Read MoreQ: How can I boost my authority as a business owner? Business Owner– A: Dear Business Owner: Authority in the business world can be the decision-making influence that gets you hired. But many business owners don’t know how to practically establish authority. You can boost your authority as a business owner by: Developing a trusted […]
Read MoreQ: Will I lose my home if my business files for bankruptcy? —Homeowner/Business Owner A: Dear Homeowner: As a business operator, the line of liability isn’t always clear. You could lose personal assets—such as your home—if your business files for bankruptcy, but it depends largely on the way you have legally structured your business and the […]
Read MoreQ: How can I foster transparency in my business? –Honest Business Owner A: Dear Honest: Transparency can help you identify and prevent potential legal and financial problems before they happen. So, how can you foster transparency in your business? Here are a few best practices to help you get started: Hire honest employees who won’t be […]
Read More______________________________________________________________________________ Q: How can a PLLC protect my business? –Professional Entrepreneur A: Dear Professional: Deciding how to form your business entity requires finding the formation that provides you with maximum benefits and minimal investment. For licensed professionals, a PLLC (Professional Limited Liability Corporation) structure can provide many advantages while limiting your liability. Typically, any business that requires you to […]
Read MoreQ: What Are the Tax Pros and Cons of LLCs? –Strategic Business Owner A: Dear Strategic: LLCs, or “Limited Liability Companies,” bridge the gap between sole proprietorships and traditional corporations, meeting an unmet need in today’s dynamic small business world. LLCs appeal to business owners because they combine the liability protection of a corporation with the tax advantages of […]
Read MoreQ: How can I create an unhackable password for my business? –Cautious Business Owner A: Dear Cautious: Picking a strong password is a critical cyber security practice all business owners should master. Weak passwords can make your secure accounts vulnerable to hackers, increasing your risk of fraud, identity theft and security compromises. Strong […]
Read MoreQ: How can I be smart about building my technology infrastructure? –Conscientious Business Owner A: Dear Conscientious: Building or upgrading your technology infrastructure can be risky. Making the wrong decision about a system or device can result in decreased efficiency and unexpected costs down the road. Knowing what technology to invest in for […]
Read MoreQ: How can I keep good records as a small business owner? What should I keep and what can I throw away? –Conscientious Business Owner A: Dear Conscientious: Keeping good records relieves stress and makes running your business easier and more enjoyable. But it may not look like what you think if you’ve […]
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