Business Tips
Small business owners make game-changing decisions all the time. None of these predicaments, however, can match the significance of choosing the right business entity. This decision will determine the way you pay taxes, your opportunities for growth, and the general, day-to-day responsibilities you will have as the business owner. It’s common for businesses to begin […]
You’ve decided to structure your business as a corporation. As you can probably imagine, this decision comes with substantial paperwork. Easily the most important documents required for forming a corporation are the articles of incorporation. Your local secretary of state must approve this legal document in order for your corporation to begin doing business. So, […]
The success of your small business largely depends on your management of working capital. But working capital doesn’t just mean cash. By definition, the term working capital refers to all assets currently available for covering business expenses or operational costs. In other words, it’s not how much cash you have that matters. It’s the value […]
Entrepreneurs are known for their work ethic, resilience and ingenuity. But lots of people are capable of working hard, picking themselves up after a fall, and coming up with innovative ideas. The qualities that make entrepreneurs truly unique, or “superhuman,” are often not what you see on the surface. In this new piece for Forbes, […]
When it comes to the responsibilities of business owners, very few can match the importance of staying on top of the right numbers. This includes profitability, performance data, and of course, working capital. Small business owners must constantly keep tabs on how much working capital they have on hand. Without this information, countless critical tasks […]
The goal of every salesperson is to convince potential customers to think that they truly need (or will eventually need) their product or service. Many salespeople try to accomplish this through exaggerated scare tactics. Business financing professionals, on the other hand, are usually telling the absolute truth when they express the undeniable necessity of small […]
New business owners have a long road in front of them. There’s the fun parts, like gathering operational resources, developing a business model, and promoting the business. But in order to get your business up and running, you must first conquer the many boring, tedious parts required for making your business official. This of course […]
Even the most intelligent business owners have trouble understanding small business tax rates. They might not know how many different types of taxes they have to pay, how each rate is calculated, or which factors have the biggest impact on their final tax bill. The answer to each question isn’t entirely clear because it depends […]
If buying an existing business seems like the perfect idea to you, you are not alone. Hundreds of thousands of businesses are reportedly sold to new owners every year. You can expect that number to go up as more people discover how buying a business compares to starting a brand new one. Buying a business […]
Successful entrepreneurs often emphasize the importance of having a vision. What they tend to omit from their advice, however, is that your vision must fulfill a series of characteristics in order to become a reality. You can’t just have a general idea of what you want or completely ignore what has worked for your competitors. […]
