Everyone talks about the work-life balance, but it doesn’t really exist. There is no perfect balance between work and the rest of someone’s life, and trying to find a perfect balance often leads to people giving up sleep or other things they need, which can lead to poor health and other issues. It’s the idea [...]
New business owners need to make a choice – should they purchase an existing business and help it grow, or should they start their own business from the ground up? This seems like it would be an easy question to answer, but all too often, the answer is far more complex. There are pros and [...]
It’s all too easy to see other companies as competition, but working with other companies can be a key strategy used to help both companies grow faster. No matter what kind of company it is, by working with another company, it’s possible to create shared goals and to drive business up faster than it would [...]
6 Ways to Build a Successful Brand When talking about businesses and brands, it’s only natural to feel hopeful. Every well-known brand started with a simple idea and as a small business. Therefore, there’s no reason your company, regardless of its size, can’t become equally successful. Here are a few tips on building a successful [...]
6 Big Mistakes to Avoid as a Business Owner Most of us know at least one successful business owner, and there are numerous stories about multinational corporations buying startup businesses for millions. It may sound easy, but running a business takes commitment, effort, and time. To start things off on a firm footing, avoid these [...]
Business owners frequently find themselves needing to establish a value for their companies. Whether they’re selling an ongoing business, getting divorced, or creating a partnership, it’s vitally important to have an accurate business valuation. However, “value” has different meanings depending on the need, and there are different approaches to determining value. Three Business Valuation Strategies: [...]
In the business world, finance is a critical factor. They ultimately tend to draw the line between success and failure while deciding just how much leeway a company has to grow and evolve. That being said, not all finances are the same. Certain differences exist between cash flow and profits. Understanding the key contrasts between [...]
The Worldwide Boom in New Business Startups - Are You Prepared Legally? According to the website Quora.com, in the United States alone, approximately 3 million new businesses are started each year - and by extension, that means that worldwide, as many as 50 million new business startups begin operations in a single year! Perhaps you [...]
According to research from MIT and Northwestern University, the average entrepreneur is not a millennial fresh out of college. In fact, the average age of startup owners is 42 years old. Though some entrepreneurs start smaller than others, the study’s data also covered companies in sectors likely to go through significant growth phases. There’s much [...]
Business owners who have multiple companies may be thinking of ways to manage those various organizations, especially for legal and financial purposes. One idea is for business owners to think about forming a limited liability company as an umbrella for the multiple companies they own. Business owners can form an LLC for each company or [...]
