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Stuff Happens: Your Company’s Emergency Cash Plan

Stuff Happens: Your Company’s Emergency Cash Plan

Stuff happens. That “stuff” is sometimes called an “emergency.” For example, you’re forced to replace expensive machinery with little notice…and it will cost close to $10,000. Or a large account suddenly files for bankruptcy protection, putting your accounts receivables in jeopardy…meaning $30,000 in payments will be seriously […]

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Why Corporate Tax Rates Matter

Why Corporate Tax Rates Matter

Corporate tax rates impact every company – but not equally. Both political parties are calling for lower tax rates on corporate earnings, and it’s no wonder: At 35%, the United States has, since April 1, 2012, had the highest corporate tax rate in the world. In addition, […]

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Creative ways to grow your business: Make yourself an expert

Creative ways to grow your business: Make yourself an expert

You can grow your business by showcasing your knowledge. Here are three ways to stand out from the crowd. Unless you have all the business you can handle, you’re probably interested in raising your company’s profile with the hope that the increased exposure will turn into new […]

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Illegal immigration and the US economy: What’s the effect on small business?

Illegal immigration and the US economy: What’s the effect on small business?

Hiring illegal workers might seem like a quick fix to your short-term labor shortage, but the risks can far outweigh the benefits. Few issues confronting the country are as complicated and controversial as the matter of illegal immigration. The government estimates there are roughly 12 million illegal […]

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Customer Service: A second look at first impressions

Customer Service: A second look at first impressions

Customer service should be part of every job, no matter what the official title. When you consider the cost of acquiring a new customer versus the cost of keeping a current one (four to eight times as expensive to acquire, depending on your industry) it’s just smart […]

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Entrepreneur Ideas: Planning Your Business Exit Strategy

Entrepreneur Ideas: Planning Your Business Exit Strategy

Whether you plan on leaving your business in two years or 20, a carefully planned exit strategy can improve your chances getting the most out of the transition. While it’s definitely true that “you can’t take it with you,” at some point you’ll need to make a […]

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Competing with Big Business

Competing with Big Business

When you run into a large competitor, do not count your company out. Your small company can play with the big boys if you use certain tools to your advantage. It turns out that the story about David and Goliath still hits a nerve today. A recent […]

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Entrepreneur Ideas: Trademarks, Patents and Copyrights can Protect Your Work

Entrepreneur Ideas: Trademarks, Patents and Copyrights can Protect Your Work

You probably do not own the secret formula to Coca-Cola®, but there still might be important parts of your business – like processes, symbols, special equipment, or brand names – that you have worked hard to develop and that are very important to your company. The things […]

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Creative Ways to Grow Your Business: Tapping Your Company’s Idle Assets

Creative Ways to Grow Your Business: Tapping Your Company’s Idle Assets

There are a lot of ways to boost your revenue. Take a hard look at some of your idle or seldom used assets when conducting business growth planning. You are probably so busy with your normal work duties that you might be overlooking untapped potential all over […]

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Creative Ways to Grow Your Business: Crowd-Funding

Creative Ways to Grow Your Business: Crowd-Funding

Crowd-funding – a new way of raising capital for small businesses – is coming. It may or may not work for your company, but it might be worth exploring. Here is what you need to know. As a small business owner, your options for raising start-up or […]

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