Business Planning

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Working with Your Family FAQs
Do family and non-family workers need to be paid the same? How do I handle non-working family members? How much and how should family members be paid? How should private contracts and agreements between family members be handled? Should I set up a profit sharing plan? What about sibling rivalry? What ... READ MORE

Keeping Current on Business Licenses and Permits
Many professions need licenses - manicurists, limo drivers, masons and so on. If you're in a profession requiring a license it's important to keep your license current and in good standing. This includes promptly paying any fees, keeping up with any continuing education requirements and filing reports ... READ MORE

Take the Work of Out of Business Travel
Travel is part of the job descriptions for scores of employees. Billions of dollars are spent each year for sending employees to meetings, conventions, trade shows and training sessions. For businesses, it's almost always tied to increasing profits. As an employee, keeping your job may depend on how ... READ MORE

How Do I Patent My Product?
You’ve come up with a great idea for a new, original invention. How do you make sure someone else doesn’t steal your idea and capture the market? You get a patent. Know the Patent Process Inventors seek patents to protect original inventions, processes and designs. A patent is a grant made by the ... READ MORE

Succeed in International Business
The law of international business is an immense and complex subject, about which even an experienced and specialized lawyer cannot have a comprehensive understanding. International business transactions can be split into two categories: international trade - imports and exports - and foreign investment. ... READ MORE

Getting Your Product Out There
When you're making a business plan for your new family-owned or small business, you need to explain to your potential investors - whether they're family members, friends or banks - a key ingredient to the business' success. Namely, how exactly are you going to advertise and distribute your goods and ... READ MORE

Marketing Your Small Business
Whether it's a "big" company or a small or family-owned business like the one you're thinking of starting, there's one thing in common: The goal is to make money. Once you've decided on the form of your small business and have financing, your immediate concern is to make the business successful. ... READ MORE

Running a Day Camp for Children
Running a day camp for children can be a rewarding but exhausting experience. There're many different factors that must be considered, from location to the number of children. Camp operators must make sure that the children's health and welfare are promoted by the rules of the camp. States also have ... READ MORE

Sales Management
Unless you're opening a non-profit business, you're like most entrepreneurs and you're starting a new small or family-owned business to sell something to make money. No matter what you're selling - hamburgers or office supplies - someone has to sell it, otherwise the business fails. Right? That's why ... READ MORE

Security Interests - The Basics
As a condition to getting a loan, a business is usually required to offer up assets as "security" (or "collateral"). The borrower signs a security agreement giving the lender the power to foreclose on the assets if the business defaults on the loan. Examples of business assets in which lenders will take ... READ MORE

 

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What is a Business Divorce?

Last month, I wrote about the not so odd couple – business divorce. In continuing my educational efforts and with the hope we can help folks in business avoid some of the most difficult issues f ... Read more

American Taxpayer Relief Act of 2012: Business & Investment Incentives

Two-year extension of the research tax credit (through 2013). Two-year extension of the empowerment zone tax incentives for certain economically depressed census tracts and the tax incentives for issu ... Read more

Plan Your Business for Survival!

Plan Your Business for Survival! We all know intuitively that there is risk to business enterprise.  We have all seen restaurants come and go. We have heard the statistics: 50% of all businesses ... Read more

Plan Your Business for Survival!

Plan Your Business for Survival! We all know intuitively that there is risk to any business enterprise.  We have all seen restaurants come and go. We have heard the statistics: 50% of all busines ... Read more

How to Launch Your Business with Prudence and Caution

Launching a business could be quite daunting as economy is still not on a sound footing and credit market not yet amenable to lending. Yet, for those entrepreneurs yearning to intelligently and pruden ... Read more

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