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Best Business Practices

The Pluses and Minuses of Business Borrowing

March 3, 2023 by admin

The Pluses and Minuses of Business Borrowing

There are distinct pluses and minuses that small business owners should consider when looking for a loan. New small business owners typically enter the marketplace with high expectations — they want to build sales and increase profits quarter to quarter. More often than not, they hope to add employees and, perhaps, open up additional locations. […]

Filed Under: Best Business Practices

Can Your Company Survive a Disaster?

January 5, 2023 by admin

Can Your Company Survive a Disaster?

Fire, floods, hurricanes, earthquakes. When they happen, they can destroy buildings, equipment, and hard-to-replace data, and even injure or kill employees. It can take a business weeks, sometimes months, to resume operations after a disaster. Some businesses never recover. You can’t pin down the time or day when a disaster may strike your business. However, […]

Filed Under: Best Business Practices

How to Increase Productivity in Your Business

October 24, 2022 by admin

How to Increase Productivity in Your Business

Does your business not function as efficiently as you would like? Now is the time to assess your current business setup and improve productivity from both a managerial and employee perspective. Improving Productivity from a Management Perspective Review and Improve Technology As a business owner, you are constantly busy with running your business. This can […]

Filed Under: Best Business Practices

Business Owners: Keep That Shield Intact

August 19, 2022 by admin

Business Owners: Keep That Shield Intact

You face plenty of challenges as a small business owner. Finding ways to protect yourself against lawsuits is a major one. You may be able to add protection by structuring your business as a corporation or limited liability company (LLC). Both these entities may shield the owners’ or members’ personal assets from the company’s debts […]

Filed Under: Best Business Practices

Mentoring the Next Generation to Take Over the Family Business

June 21, 2022 by admin

Mentoring the Next Generation to Take Over the Family Business

Many owners of small businesses would love to see a family member take over their business. If you have children, grandchildren, nieces, or nephews that you think might be interested in running the business in the future, you can help lay the groundwork for that potential transfer of ownership in several ways. Use the following […]

Filed Under: Best Business Practices

The Top 3 Reasons to Outsource Your Accounting

November 20, 2021 by admin

The Top 3 Reasons to Outsource Your Accounting

While you may think it’s better to take care of your small business accounting tasks in-house, you may be surprised to know that your business can benefit from having a professional accountant or CPA handle the job for you. Here are the top three reasons to outsource your accounting. 1. Peace of Mind The number […]

Filed Under: Best Business Practices

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