For the love of your business
For the love of your business
As more banks close local branches and eschew brick and mortar growth, small businesses face uncertain times. With fewer branches in which to form trusted financial relationships, business owners often must rely on online banking for everyday needs. This poses a problem for small business owners who previously benefited from personal relationships with bankers when […]
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 MoreGood business practices like transparency and corporate responsibility can be leveraged to build valuable relationships. But throwing around these buzzwords will only get you so far. If you really want to see results, what you may want to consider is a practice of karma: the idea that helping others become successful—suppliers, customers, even competitors—is the […]
Read MoreBusiness litigation is an expensive use of both time and money and should be avoided whenever possible. Even the most favorable of settlements can cost a business months—if not years—of productivity and focus. To avoid the high costs of litigation, follow these six preventive steps: Don’t skimp on contracts. Instead of spending a fortune […]
Read MoreIf you’re relying on your top line to grow your wealth, you could be missing out on easy opportunities to save money and improve profits, independent of your revenue. Many entrepreneurs waste precious time and money by falling prey to these common mistakes. However, there is no need to sacrifice, work harder, or take on […]
Read MoreEntrepreneurship is not for everyone. Only a certain type of person has the particular set of skills, and is willing to take calculated risks and work tirelessly to build a successful business from scratch. One risk you should never take is leaving the future of your business to chance. As you grow your company, consider […]
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 MoreA strong, identifiable brand is an invaluable asset to any company. Many businesses can reap major rewards by building a brand image that accurately reflects the strength of the company. And in today’s business world, branding is necessary for businesses looking for longevity and growth. So, what do small businesses need to know about branding […]
Read MoreIn the digital era when you can be reached 24/7 through smartphones and social media, it can be more difficult to set firm boundaries that support your wellbeing and the productivity of your business. When you find yourself frustrated, resentful, or feeling obligated to respond to tweets, FB messages and emails at all hours of […]
Read MoreOne of the biggest benefits of owning your own business is being able to write off certain expenses to lower your annual income tax liability. When done right, writing off business expenses, especially when they are investments in things or experiences you would invest in even if you did not have your business, is a […]
Read MoreMentoring can play a significant role in the success of any entrepreneur. Mentoring takes vision, dedication, and respect, all vital attributes for a mentor to attain in order to contribute positively to the growth of a mentee. Let’s look at a few things you can do to mentor up and coming entrepreneurs and how these […]
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