While buying an existing business typically involves more upfront cost, it also presents less risk than starting from scratch. It’s a common thought that, if a business is for sale, there must be something wrong with it. In reality, entrepreneurs sell their businesses...
Your business could be your single most important financial asset. You have led its development and growth, with patience and care and, now that the time has come to consider selling it, patience and care are even more vital. Stage 1: PlanGive yourself time. On...
Are you looking for direction to keep your business moving forward? Strategic planning is often pushed aside as it takes time to work on your business rather than in your business. Whether you are a sole operator fitting work around a busy life, a staffed business or...
All self-employed persons are required to annually prepare and file a tax return to report their business activities. If you have earned self-employment income from a business you operate yourself (or with a partner), you will be required to declare your earnings on...
Insurance, it would seem, is a necessary evil for most people. It comes in many different forms; some is mandatory, others optional and it is hard to decipher just what is necessary, what is precautionary and what is prudent. Over the years dealing with many business...
You’ve just stepped into an elevator. The door closes; a man in the elevator points to the logo on your jacket and asks, “What does your business do?” You open your mouth, and then pause. As you try to organize your thoughts, the elevator stops and he’s on...
