Featured If you’re one of the millions of Americans who have lost their job because of the coronavirus pandemic, you might be at a crossroads. You have options – maybe you’re already starting your job hunt or thinking of possibly retiring early. But there’s another option if you don’t want things…
If you’re considering start a business, you may be wondering whether it’s better to launch an independent business or to open a franchise. Both can lead to exciting and successful business ownership. Fifty-five percent of respondents to Small Business Trends: 2020 gave “ready to be their own…
When you began a business, you may have given little thought to administrative needs. Your immediate concerns may have been wanting to be your own boss or a conviction that your grandmother’s blueberry pie recipe would wow the world, if only they tasted a slice! Both are a far cry from…
The last year taught us that remote work may indeed fit into the ‘new normal’ as life moves on after an unprecedented pandemic lockdown. Some people moved out of crowded cities in favor of calm countrysides. Others set up desks in their living rooms and created home offices and entered the…
What comes to mind when you think of a trademark? There are several original assets a business may trademark for their brand. A business name, logo, design, phrase, tagline, and brand mascot may all receive trademark registration as part of the company’s intellectual property (IP). In this…
Managing cash flow is one of the most important tasks that face a small business owner. There’s a reason for the adage “cash flow is the lifeblood of a business.” If your cash flow isn’t positive, you can’t stay in business at all. Historically, lack of sufficient cash flow to continue…
Accounting and taxes are two of the most important functions a small business must have in place from the beginning. Accounting and bookkeeping, for example, involves the tracking of invoices and their payment. If your customers don’t pay you, you won’t have a business for long! Bookkeeping…
There are two ways to purchase a business: stock purchase or asset purchase. Generally speaking, buyers prefer asset sales whereas sellers prefer stock sales. Each has benefits and drawbacks. Stock Purchase A stock purchase takes place when one buys an ownership interest in an existing company. In…
Interest rates have a major impact on small businesses. Currently, interest rates are very low by historical standards. What do low interest rates mean for small businesses and your plan to start one? Low Interest Rates: The Good News for Starting a Small Business Primarily, low interest rates are…
