Going Into Consulting? Prepare for Scope Creep
Are you new to consulting? Planning to start soon? Beware of scope creep. It’s a real problem in a lot of professional services. I ran into it in my years of consulting related to high-end planning and…
The 411 on Online Lenders
Online business loans are a quick and relatively easy way to get funds. However, there are often risks, too, including very high interest rates and unrealistic repayment schedules that can affect business financial health. A…
Do You Owe Estimated Taxes on April 18?
We all know that April 18, 2017 is Tax Day this year—the day by which personal income tax returns must be postmarked and mailed or electronically filed with the IRS. However, many taxpayers forget that…
Company Savings: How to Find Deals on Business Equipment and Materials
Every dollar you save in business is one more dollar you don’t have to pay for. Earning revenue has a cost (sales, time, advertising, rebates, etc.) so being able to get the result of keeping…
Common Pitfalls When Seeking Financing for Your Small Business
Small business owners often seek working capital to help with business growth, refinance existing business debt, or to purchase/update technology or equipment. When you are seeking financing for your small business, there are things you…
Tax Rules for Bad Debts on a Balance Sheet
How do income tax rules treat bad debts? Facts: There are two provisions in the Income Tax Act (ITA) for bad debts. Discussion: The first way to claim a bad debt is covered in Section…
The Future of Contactless Payments for Businesses and Consumers
During the last few years, the way we pay for everyday products has changed dramatically. After saying goodbye to the signature, the era of Chip and Pin transactions has given way to contactless methods, leading…
Angel Investment Red Flags
Last week at an angel investment meeting one of our group members asked whether anybody had a list of red flag problems that would immediately eliminate a startup from consideration by angel investors. That seemed…
Tax Refund Coming Your Way? 10 Frivolous Ways to Spend the Money
It’s tempting to pay off car loans or credit card debt with a tax return windfall, but it’s more fun to dream of ways to spend it. The average refund from Uncle Sam is about…
7 Work Ethic Elements Will Get You Investor Funding
Starting and running a business is hard. Don’t believe the old myth that with a few hours of work a day and a great web site, you can get rich while you sleep. I have…
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