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Best Practices in Business Plan Writing

Best Practices in Business Plan Writing

Here’s the key to writing a good business plan: Think of your business plan as a key to the long-term growth and success of your company, and not only as a short-term sales tool for raising capital. If you remember that, you’ll naturally cover all the bases, […]

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Equity Financing for Small Business

Equity Financing for Small Business

Decisions, decisions. If you need funding to start, grow, or sustain your company, you’re definitely not alone. Very few businesses – next to none, in fact – are able to self-fund their operating and growth plans entirely with funds put up by the owner or owners. So […]

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It’s a Legal System, not a Justice System: When to Settle a Small Business Lawsuit

It’s a Legal System, not a Justice System: When to Settle a Small Business Lawsuit

Some 15 million lawsuits were filed in the U.S. during 2011, which works out to a new lawsuit every two seconds, or one for every 12 adults. Americans are fairly litigious people, but that’s still a lot of legal activity. And unfortunately, small business owners are among […]

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Reminder: 941 Forms and Payments due October 31

Reminder: 941 Forms and Payments due October 31

Your company’s 941 forms, and any additional tax payments required, are due to the IRS on October 31st. Oh, and Happy Halloween! Hopefully, this deadline comes as no surprise. If it does, you might want to consider getting better accounting and bookkeeping help. Or start listening more […]

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Small Business Customer Service Tips and Trends

Small Business Customer Service Tips and Trends

It’s difficult to say exactly when it happened, but somewhere along the line customer service crossed a line from something a company just did, to something a company could strategically implement to grow and profit. Customer service’s evolution from cost center to “differentiator” presents your company with […]

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Don’t be a “Stat”: Tips to Avoid Business Failure

Don’t be a “Stat”: Tips to Avoid Business Failure

Forget the upside for a moment. Here’s the best advice you’ll get all week: Always know the possible downside. Yes, know and understand the downside and its ramifications, and then determine if you can live with them. That goes for betting at the track, investing in the […]

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Playing to Win: How Strategy Really Works

Playing to Win: How Strategy Really Works

Truth be told, books focusing on business strategy often disappoint, and that can usually be traced to the perspective brought to the project by the authors. Sometimes the steps or processes recommended for developing a strategic plan are difficult to apply to smaller, growing companies. In these […]

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Employees vs. Independent Contractors

Employees vs. Independent Contractors

You’ve likely noticed that the workplace is changing. Perhaps the conventional 9 to 5, desk job arrangement will never completely go away, but it’s also no longer the absolute norm. Part-time, work from home, job sharing, freelance, temporary, and dozens of other non-traditional job categories are more […]

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Three Sources of Early-Stage Business Funding

Three Sources of Early-Stage Business Funding

Whatever business your company might technically be in, it’s important that you never forget that you’re really in the cash flow management business. All the great things your company can do for your clients, your employees, and you, won’t matter if you run out of funding and […]

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Short Term Marketing for Small Businesses

Short Term Marketing for Small Businesses

If you’ve spent any time at all on a golf course, you’re probably aware that as distance increases, accuracy tends to decrease. Sometimes dramatically. A shot that feels good coming off the tee can hook or slice as it moves farther away, leaving it way to the […]

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