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Many people ask how to start a business. Why? It is because many people dream of owning their own business. This could have been something that they’ve wanted to do since childhood or something they were exposed to in school. Or it could be something that happened to them while working for someone else. Whatever […]
Your business is your baby as a business owner. Your business is not only your income source, but it could also be your identity and your entire life. It isn’t easy to think about selling your baby, especially now. So you wait. Many business owners will think about selling when it’s too late. This can […]
Modern businesses of any size face several challenges. How can they take their business to the next level of success without letting the cost structure get out of control? Salaries and wages are the largest costs in a business’s Profit & Loss Statement—or, to put it another way, people. Your challenge as a leader is […]
As someone who started my business using bricks and mortar, I understand how difficult it is to increase sales for small businesses. Unfortunately, it’s becoming harder for small businesses to survive today as more people order their goods online. Are there “tricks” small businesses can use to get more people to purchase their products or […]
Although only sometimes considered a good strategy, selling a portion of your business or the entire business to employees can prove very profitable for both the employee and the owner. This can be done in many ways, and there are different circumstances where it may be advantageous. The owner may be able to negotiate a […]
When is it necessary to register your business name? The Australian Securities and Investment Commission (ASIC) is required to register your business name. Other words can be added to your business name. You must register for Henderson & Sons or Graham Jones Pool Cleaning. Do you trade under any other name than your own? If […]
Nearly all studies on business succession readiness indicate that 70% of small and medium-sized business owners still need a written exit plan. Even though funeral business owners know better than anyone the high cost and consequences of failing to plan, they are not alone. Funeral directors are often faced with stressful situations every day. These […]
No matter how small or large the business is, finding the best broadband deals will make it easier for the owner to save money and time. No matter how big or small the company is, what type of business it is, no matter what its industry, it will need an Internet connection to function and […]
Imagine you’re your company’s co-owner instead of the sole owner. Or that there’s a satellite business operating in another state. Or a business using a similar name and address is pretending to be yours. What would these situations mean for your business? This is how business identity theft looks. This can happen to any company, […]
Many business owners work so hard to run their businesses that they don’t enjoy the benefits of being a business owner. It is time to stop allowing your business life to take precedence over your personal life. We all started businesses because we knew there were ways to make our businesses more profitable for ourselves […]
