Bankers: Love ‘em or Hate ‘em, They May Affect Your Future
Let’s get right down to it. Your banking relationship can be like a great marriage or a bad trip to the DMV. In most cases it is strictly your choice. But the results of that choice will reverberate for what could be years. For a start… How did you open your first bank account? Did…
Read MoreReduce Risk by Segregating Assets in a New Entity
The Problem: Often business owners want to segregate valuable assets from potential adverse liabilities generated in the operation of a business. For example, a bakery will likely own: (1) equipment used in its operations; (2) the factory building; and (3) a fleet of delivery trucks and vehicles. If all of these are owned by the…
Read MoreThe Product Marketing Strategies of Best-Selling Toys Can Make You Money
The toy industry is no child’s play. Aside from being a multi-billion dollar industry, it delivers some of the most innovative products year in and year out. In this post, we’re going to look at some of the bestselling toys for kids, and what their product marketing strategies can tell us about creating a product…
Read MoreWhy Your Small Business Needs a Country-Related Domain Name
One of the most difficult decisions business owners face when constructing a website is the choice of domain name. This is intricately tied to your brand, so it’s imperative you get in right from the very beginning. Apart from the ideal domain name, another choice to consider is the domain extension. To some extent, your…
Read MorePlanning to Bootstrap Your Business? Follow These 7 Tips
When starting a tech company, it can be tempting to make venture capital a priority, but finding it shouldn’t be what drives your business decisions. I knew I wanted to bootstrap my business, BuySellAds, so that I could follow my own goals. By following these next few tips, I was able to achieve success for…
Read MoreWhat is Software Escrow and Why Should You Care?
In early 2013 Paul Golland, CIO of Waltham Forest, a borough of north-east London, faced an immediate and unforeseen emergency. He was told by their sole cloud provider that they were closing shop and he had 24 to 48 hours to get their business’ data systems working elsewhere. This type of disaster is not uncommon…
Read More10 Startup Strategies to Minimize Cash Flow Disasters
The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. I often get asked about the real alternatives to bridge this valley, and…
Read More3 Ways to Maximize Your Return
Let’s face it: business tax returns can be tricky. Whether you file a corporate return or you report pass-through business income on your personal return, you need to stay on top of a host of federal, state and local tax deadlines and statutes, all of which can change from year to year. With a little…
Read MoreMillennial Entrepreneurs are Primed to Adapt to a New Business World
Some may think that developed countries are built on the backs of millionaires, but the truth is that small businesses help countries move forward. The problem is many business owners are retiring, and millennials are not filling in those spaces. Do Millennials Even Want to be Entrepreneurs? Currently, millennials are the most disengaged workforce. Many…
Read MoreEnterprise Resource Planning Software Helps You Beat the Competition
When ERP (Enterprise Resource Planning) systems were first introduced, only large businesses could really take advantage of the benefits they could bring because they were the only ones that could afford to buy and run them. However, with the lowering of costs and the abundance of useful features these days, businesses of all sizes stand…
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