For the love of your business
For the love of your business
It’s a simple fact of entrepreneurship: Small businesses fail all the time and for many different reasons, some of which are outside of the owner’s control. If you’re falling deeper and deeper into debt by keeping your company open, sometimes the best business decision you can make is to shut down the business and cut […]
Read MoreAs a small business owner, you’ve likely spent plenty of time working with your business plan. But have you dedicated the same amount of time to planning for the continued success of your company after you retire? Or if you were to suddenly die or become incapacitated? If you’re like most business owners, the answer […]
Read MoreOne of the primary reasons business owners set up corporations and limited liability companies (LLC) is to shield their personal assets from debts and other liabilities incurred by the business. Indeed, corporations and LLCs exist as separate legal entities from their owners, meaning the business itself can acquire assets, enter into contracts, and take on […]
Read MoreThese days, you’ll find all sorts of advice about how best to launch a business. But with so much information out there, it’s hard to know what you should heed and what you can ignore. To make things simple, we’ve compiled a list of five fundamental tips for starting a business that you can’t afford […]
Read MoreQ: What is involuntary bankruptcy, and can it happen to my business? —Concerned Borrower A: Dear Concerned: While uncommon, creditors who believe they have no other recourse to get paid by a business debtor can force that company into what’s known as “involuntary bankruptcy.” Though involuntary bankruptcies against businesses do happen, several rigid conditions must […]
Read MoreBusiness owners who launch workplace health and wellness programs can enjoy a wide-range of valuable benefits, not just for their employees, but for the entire company. Outside of a healthier and happier team, such programs can also increase productivity, save money, and even enhance your brand’s image among current and prospective employees. If you’re looking […]
Read MoreIf you’re a business owner, one of the most important choices you must make is whether to hire full-time employees or use independent contractors (IC). While the two classifications may seem quite similar, they both come with a wide array of unique advantages and disadvantages. What’s more, if you make a mistake when classifying your […]
Read MoreNon-compete agreements are commonplace in today’s workforce. According to reports from the U.S. Department of the Treasury, roughly 19 percent of American workers, or 30 million people, are currently covered by non-compete agreements. While non-compete agreements are fairly widespread, they’ve come under fire lately in the courts as being unfair to employees and imposing overly […]
Read MoreFor many entrepreneurs, being a “workaholic” is the default status. Though such drive and dedication can be positive in short bursts, in the long run it leads to stagnation, burnout, and worse. Just as experts advise us to step away from what we’re working on for short breaks throughout the day to maximize creativity, the […]
Read MoreBefore you open your business, it’s imperative to have proper insurance coverage. A single lawsuit or catastrophic event can wipe out a company before it even has a chance to get off the ground. That said, there are many types of insurance out there, and some policies can be extraordinarily expensive, so it’s critical to […]
Read MoreQ: What are entrepreneurial retreats, and what value do they offer? —Stressed-Out Business Owner A: Dear Stressed-Out: Entrepreneurial retreats offer a blend of personal and professional development for business owners looking to relax and recharge their creative batteries. Many retreats involve traveling to foreign locales, where attendees are completely removed from their demanding daily pressures, so […]
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