For the love of your business
For the love of your business
Taking on debt can help small businesses meet expenses and finance growth. The key to making it work is knowing specifically what you will use the debt for, how it will generate a return on your debt investment and tracking, tracking, tracking. If you need support with finding capital for your business and tracking the […]
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 MoreAs we all know, natural disasters such as the onslaught of hurricanes that hit the Gulf Coast recently can devastate communities, shutting down business operations and throwing entire communities into survival mode. Preparedness is key when it comes to weathering storms large and small, but many small businesses don’t know where to start when devising […]
Read MoreIncorporating your business can save you money on taxes and limit your liability for business debts. But, most importantly, it says to the world — I’m in business. And that sends an important message to you, your clients, your spouse, your friends, family and, yes, even to the IRS. In the early months or years […]
Read MoreWorking for yourself comes with many benefits. But it can also throw you into unfamiliar territory, financially and emotionally. Taking that leap into entrepreneurship doesn’t just require a business plan and funding, it takes emotional intelligence – the capability to recognize and work productively with your own emotions and those of others. In fact, this […]
Read MoreLiability insurance is a valuable form of protection needed by most businesses. Choosing the right policy for your business can be tricky, so it’s important to understand what liability insurance covers before you make the investment. If you get sued for personal injury or property damage, general liability insurance will cover the cost of counsel […]
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 MoreFamily businesses tend to bring to mind small mom and pop enterprises that make a profit but aren’t necessarily industry leaders. True, you can find mom and pop at the helm in many family owned and operated businesses. But an analysis done by Boston Consulting Group found family controlled businesses account for more than 30% […]
Read MoreOperating a business dependent upon your skills and expertise makes you a very valuable person to your business, but could leave your income (and your family’s well-being) at risk if and when something happens to you. Maybe you have not considered how important estate planning is because you’ve just accepted the fact that your business […]
Read MoreYour partnership agreement is a legal document that outlines each partner’s rights and responsibilities as well as the operating procedures for the business. When a group of people come together to invest in a business venture, the partnership agreement can provide valuable protections. But drafting an agreement that provides you with the protections you need […]
Read MoreBusiness growth is a dream that sparkles in the eyes of many small business owners. But bigger is only better when your business operations are scalable. Significant growth without proper planning usually comes with extra costs and more work that could leave you and your business vulnerable and unprepared for the challenges of success. If […]
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