Hiring your first employee can be an exciting (and terrifying) prospect. It’s almost always a sign of good news – hiring someone usually means that you’re on the right track and your business is growing. But if you’re not careful as you take on your first employee, it can also mean a big headache! Following […]
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Every year the holidays come and go. After all is said and done, when the New Year has been rung in and the dust begins to settle, a less cheerful time of year comes along. Not many people like to talk about tax season – it can be a stressful, painstaking process to get a […]
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Face it: nobody wants to work forever. On average, most people will retire around age 63, yet more than two-thirds of Americans approaching retirement age only have about $30,000 saved – compared to the $1,000,000 that most research indicates people will need to retire comfortably. So when it comes to running your own small business, […]
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Another year has come and gone in the blink of an eye. Now is the time, as the dust begins to settle amidst a busy holiday season, to make sure that you’ve checked off the important items on your end of year to-do list. Here are a few important items not to be forgotten as […]
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A cash flow forecast is arguably the most important business tool for every business. It will tell you if your business will have enough cash to run the business as is, or enough to meet your expansion goals. It will also let you know when more cash is going out of the business than is coming into it. (Not good!)
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Every successful business needs a budget, and here are some tips on how to make one that works for you. It’s a basic principle of business – before you can make money you have to figure out how to spend it. Drafting a budget is essential to turning your dreams for business success into reality. This key business tool […]
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What is an LLC? There is a presumed air of strength and prestige to a business when it adds an LLC (Limited Liability Company) suffix to its company name. But that perception is just a part of what incorporating a business actually does. Many small business owners launch their companies as sole proprietorships, meaning they […]
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