For the love of your business
For the love of your business
When 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 […]
Read MoreQ: Is my business website considered my intellectual property? -Concerned Coder A: Dear Concerned: Your website is most certainly intellectual property (IP). But whether or not it’s your IP depends on whether or not you were the one who originally created the website. When it comes to IP, patents protect inventions, trademarks protect brand names, […]
Read MoreThere are numerous advantages to running a business with a remote workforce. Without a physical office, startup costs and overhead are significantly lowered. You aren’t limited to hiring locally, so you have a much better chance at attracting top talent. And increased employee autonomy typically increases job satisfaction, which can boost productivity and morale, while […]
Read MoreState legislators in California recently passed a controversial new bill that requires many companies like Uber and Lyft, which rely primarily on independent contractors, to reclassify their contractors as employees. The bill, known as Assembly Bill 5 (AB 5), stands to upend the business model of the affected companies in California and potentially impact the […]
Read MoreWhile various types of insurance can protect your business from lawsuits and other liabilities, perhaps the greatest liability of all—especially if you’re the sole owner of your business—is what could happen to your company when you die or if you should become incapacitated by accident or illness. To ensure your business—and the income it provides […]
Read MoreWhether you’re looking to start your very first business, or you’re an established business owner looking to develop another income stream, launching a side hustle can be an ideal way to do so. By developing your business as a part-time side gig, you can greatly reduce the personal and financial risk that comes with starting […]
Read MoreQ: What is an arbitration clause, and how does it work? -Engaged Entrepreneur A: Dear Engaged: Arbitration is a form of alternative dispute resolution in which two parties settle their dispute without litigation. An “arbitration clause” in an agreement requires the parties entering into the agreement to go through arbitration before taking a dispute to […]
Read MoreOne of the most frustrating things for an entrepreneur is coming up with a great business idea, but being unable to get the concept off the ground due to a lack of financing. With banks often unwilling to loan money to startups that have yet to make at least two years of income, unless you […]
Read MoreAs an entrepreneur, you’ve probably put lots of thought into the best ways to start and grow your business. But you likely haven’t put nearly as much effort into thinking about how you’ll sell it or exit it, in general. And if you decide that selling is the way to go, you’ll want to start […]
Read MoreWith more and more Baby Boomers reaching the later stages of seniorhood, the media is abuzz over what’s being called “The Great Wealth Transfer.” This refers to the coming intergenerational transfer of wealth that will occur over the next few decades, as Boomers die and pass on their wealth to younger generations. Because no one […]
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