For the love of your business

Articles to LIFT Your Life and Business

Litigation vs. Arbitration: Know Your Strategy

Civil disputes between two parties can be settled in litigation (i.e., court) or through arbitration. The two processes are quite different, so thoroughly understanding them both is essential when facing a business conflict. Going to Court In litigation, two parties resolve their conflict in court with the assistance of a judge and/or jury. Litigation is […]

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Is Your Business Facing Any of These Legal Landmines?

The potential for costly errors when managing your workforce is high, but unnecessary if the proper planning is put into place from the start. To make the most of your role as an employer, make sure you understand the following common mistakes and how to avoid them. At-Will Employment Misunderstandings At-will employment is a concept […]

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How to Be Smart About Small Business Debt

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 […]

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What Are the Tax Benefits of Hiring Your Children?

Q: 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 […]

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Weathering the Storms: Partnering for Preparedness

As 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 […]

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When Is a Good Time to Incorporate?

Incorporating 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 […]

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Taking That Leap: How Emotional Intelligence Can Create Business Success

Working 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 […]

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How to Find the Right Liability Insurance Policy for Your Business

Liability 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 […]

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How Can I Boost My Authority as a Business Owner?

Q: 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 […]

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Lessons in Business Success from the World of the Best in Family Business

Family 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% […]

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Estate Planning Tips for the Owner-Dependent Business

Operating 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 […]

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