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Why an Inactive Business is Costing You Money

Man with empty pockets

Someone once told me that a true sign of a successful entrepreneur is the ability to know when it’s time to throw in the towel and move on. One failed business doesn’t define an entrepreneur. Plus, when one door closes, another usually opens.

Closing a business doesn’t just mean selling your assets and calling it a day. You’ve got to go through the requisite steps to ensure your business is legally closed and that you’ve properly wound up your business affairs.  Otherwise, […]

2019-09-03T05:44:14-07:00August 29th, 2015|Categories: Maturity and Exit|Tags: |

Surviving Your First Year As A Small Business Owner

small business ownerIf you are launching a business, you have probably heard the horror stories of business failure after business failure. Listen to some of the naysayers and you’ll start believing that 90% of new businesses are destined to fail. However, the reality is much brighter: according to the U.S. Bureau of Labor, 75% of new businesses survive the first year, 69% survive the first two years, and 50% make it to five years.

Granted, a 50-50 chance of surviving to year five may […]

2019-09-03T05:44:15-07:00August 22nd, 2015|Categories: Startup and Launch|Tags: , |

How to Handle Working Alone When You’re a Social Butterfly

For many people, working alone from home is a dream come true. There’s no commute to work. No downtown parking to pay for. No office drama.

But what happens when you’re an extrovert who thrives in an office community who is more productive when there are other people around?

If you’ve come up against obstacles when working alone from home due to your social nature, take these tips to heart.

Build Your (Virtual) Community

Just because you’re working from home doesn’t mean you have to work alone. If you have employees or freelancers that you work […]

2019-09-03T05:45:13-07:00August 8th, 2015|Categories: Ongoing Management and Protection|Tags: |

Starting a Business: What Roles Do You Need to Fill?

When you first start your business, whether you are set up as a sole proprietorship, partnership, a corporation, or a Limited Liability Company (LLC), you may take on all the work yourself. After all, you consider yourself a great multitasker, so why not do it all yourself? You’ll learn this lesson sooner than later, but I’d rather you do it now and save yourself a lot of headache later: you’ve got to delegate to be an effective entrepreneur. That means that from Day 1, you should have the right people on your team that will help you skyrocket to success.

2019-12-09T06:52:21-08:00March 20th, 2015|Categories: Ongoing Management and Protection|Tags: , |

Should You Hire Interns, Freelancers, or Employees for Your Small Business?

When you get to a point in your business where you need help, you’ll probably come up against the question: what type of help should I hire? Factors like how much help you need, your budget, and the area of specialty you need assistance with will all factor into your decision.

2019-12-04T06:20:52-08:00July 9th, 2014|Categories: Ongoing Management and Protection|Tags: , |
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