As the kids are back to school and studying new things, it’s also a wonderful time to revisit some basic elements of business. Whether you’re starting a business or are already running your company, knowing the difference between a copyright and a trademark is one...
With any investment property, liabilities come with the territory—faulty electrical wiring, broken stairway railings, black mold, and other possible flaws are all inherent threats. It’s no wonder savvy real estate investors decide to form LLCs (Limited Liability...
Every year around Father’s Day, I reflect on the profound impact my own father had on my self-confidence and work ethic. His encouragement and the fine example he set forth have contributed to my ability to succeed in business. And every day, I see Phil—my husband...
One of the most valuable assets your business will ever have is its name. Your business name is more than what your company is called—it represents your brand’s identity and it’s a way for you to distinguish yourself from your competition. With your business name...
As a freelance professional, establishing a solid working relationship with your clients often hinges on mutual understanding and clear expectations. New entrepreneurs learn that very quickly upon starting their businesses! That’s why having a proposal that covers...
With certainty every year, the celebrations of all things Irish in honor of St. Patrick’s Day go into full swing on March 17. But when you’re starting or running a small business, nothing is ever completely certain. Sometimes all things go according to plan...
This time of year, a lot of us are thinking about romantic love, or in my case, romantic love + business partner. But what happens when something you love — i.e. your business — isn’t bringing you the joy it once did? Face it: not every day is roses and sunshine...
While your focus this time of year might be on giving your clients gifts, don’t overlook yourself. This year, you don’t need to put a bow on a present and put your name on it under the tree; you’re already reaping the benefit from some pretty fabulous gifts to yourself.
Did you know that 68 million employees don’t have a retirement savings plan at all? This is often due to the fact that their employers — often small businesses — don’t offer employer-sponsored retirement plans. And small businesses aren’t eager to offer retirement plans for employees, either because they don’t know how to go about doing it or they can’t afford to.
Have you ever noticed how some cities seem younger than others? Some seem to offer more entertainment and opportunities than others, and therefore appeal to the Millennial generation. And when it comes to entrepreneurs, Millennials are ahead of the pack: more than 25% of them are self-employed.
When it comes to determining where you want to start a business, you want to choose a city that has a thriving economy and plenty of potential for you to corner the market in your industry. If you’re not planning to open a business in the town you live in, consider one of these, from WalletHub’s 2015’s Cities with the Fastest Growing Economies list. (And if you’ve already started your business, see how your city stacks up).
It’s important to understand when starting a business: there is no 100% guaranteed way to eliminate the risk that entrepreneurship brings. You can’t be sure your customers will pay you on time. Your employees can quit without notice. Your vendors might deliver damaged products. All of these, among other risks, make it difficult for you to know what’s going to happen tomorrow, much less next year.
You probably didn’t come up with the perfect business or product name overnight. Most likely, you brainstormed. You sought the advice of colleagues and friends. You tested out a few options, and checked what domain names were available. In short, you’ve invested a...
There may come a day when, after everything in your small business has been chugging right along for a while, that you start to wonder if the business structure you first chose is still a good fit. Sure, initially that sole proprietorship, LLC, or corporation...
While you know the importance of continuing to develop your own knowledge about running a small business, have you given much thought to helping your employees with their own professional development?
It seems like no matter how hard women entrepreneurs try, we will never catch up to our male counterparts. Or will we? The state of small businesses owned by women has risen significantly over the past few decades, and seems to be speeding up.
In the back of your mind, you’ve been fantasizing about quitting your job and starting a business for years. So why haven’t you done it yet? If any of the following ring true, it’s time to stop dreaming and make that vision of starting a business a reality!
While many entrepreneurs focus on making money, others build a business around a cause. When a cause is so important to you that you want to make it your day job, it’s time to start a nonprofit.
I spend a lot of time reading articles and books written by successful business owners to learn from them. After all, if they share their wisdom, maybe a little of that success will rub off on me! Here are some of their nuggets of wisdom that you can learn a lot from.
If you’re at the start of your entrepreneurial journey, congratulations. You’ve got a lot of exciting times ahead of you, as well as a lot of lessons to learn. Let me help you get started on the right foot with some advice I’ve learned on my own path to small...
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