Most small businesses fail because they have cash flow problems, according to some recent studies. This could mean that the business was not earning anything, or that the business has a high overhead. The result is that cash flow is uneven, and the business spends more than it earns. We are all familiar with this, […]
Big Expenses in a Small Business? Here’s How To Cut Back Read More »
Starting a business is a big endeavor, and not everyone succeeds. However, certain factors can make your business stronger and less vulnerable to market forces. Location Is Crucial Whether your business involves a product or a service, choosing the right location can mean the difference between success and failure. Visibility and accessibility are two key
Business Basics for Budding Entrepreneurs Read More »
Setting up and running a business is quite fulfilling. It can bring about excitement and merriment, but it involves significant responsibilities that every entrepreneur must carry. One such responsibility is evaluating the legal factors that will affect how your business functions. Some contracts need to be set straight and terms that should be identified. Oftentimes,
Avoiding Legal Issues that Could Ruin Your Business Read More »
While the power of branding might be most noticeable for the likes of McDonald’s and Apple, it isn’t exclusive to giants. Every company in every industry has a brand. It’s just a matter of whether your branding resonates with your target audience—or whether it helps drive people to your sales funnel. But what if your
Branding a “Boring” Product? Learn from These Creative Brands Read More »
Whatever business you’re in, you are bound to encounter clients that you want to impress. More often than not, these clients are VIPs in their own right as well. Although every single customer is important, you’d be lying if you didn’t admit that some might be more valuable than others. When it comes to making
Pointers for Dealing with VIP Business Clients Read More »
In a world obsessed with consumption and beset by recent recessions, it seems as though our existence revolves around making money. But we need to refocus our priorities on health as the ultimate lifetime investment. Money can’t buy you happiness, but it’s certainly necessary to make a living. For some, that issue lies at the
To Get the Most of Life, Treat Health as a Lifetime Investment Read More »
The death of an African-American by the name of George Floyd on May 25 sparked racial unrest in many parts of the United States. People took to the street to protest what they see as race-provoked violence against a man of color. Thousands of people join the protests called the Black Lives Matter (BLM) movement.
Protecting Your Business during a Civil Unrest Read More »
There are roughly 3.7 million businesses in the United States jointly owned and operated by married couples. But with nearly one in two marriages ending in divorce, these husband-and-wife teams could find themselves in a messy situation when they decide to split up. If you have a family-owned business and are considering divorce, there are
Divorce Meets Business Law: What Happens to a Family Business After Divorce Read More »
There are many family-run businesses out there. While many of them are successful, it can be hard to keep them going. Every new generation has the challenge of modernizing their operations to stay competitive. If you are the latest member of your family to lead the company, you likely have big shoes to fill. But
Going into the Future: Modernizing Your Family Business Read More »
Before the COVID-19 pandemic hit, the economy was good; job-hopping, especially among young people, was common. Job-hopping refers to spending less than two years in a job position to find a new one within the company or in a new enterprise. According to a recent survey of employees, around 64 percent of respondents stated that
Effective Ways to Help Your Child Figure Out Their Career Read More »