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Attracting Investors To Your Business
Probably first on the list of the entrepreneur’s fears is money. Money to meet payroll, pay for inventory, and those hidden costs that seem to come out of nowhere.
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Should You Lease Or Buy Your Business Equipment?
To lease or to buy? That's a question every business, large or small, must answer when it acquires a piece of business equipment. Virtually every business owns some equipment, with an increasing percentage of all businesses leasing everything from answering machines to airplanes. The dynamics of buying versus leasing depend upon the type of equipment, the industry, the market, and the company's size and financial shape. Here's a discussion of those principles and how they relate to the leasing question.
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Strategic Planning Considerations
Strategic planning has long been a practice of well-managed corporations. Today, most companies in America seem to have a strategic plan of one kind of another.
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The Three Most Commonly Faced Challenges for Small Businesses
From one industry to the next, management faces different challenges.
But in trying to find three of the most common challenges facing small businesses, you would probably discover the same three that keep resurfacing in news reports and in business publications: (1) achieving quality; (2) finding the right workers and (3) managing the costs of employee benefits.
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What Sets The Best Entrepreneurs Apart?
Only half of all small businesses in America are still in operation after the first few years. In some industries the failure rate is even higher. Four out of five new restaurants, for example, go out of business during the first two years.
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When is An Employee an Independent Contractor?
Over the past few years, the number of taxpayers filing Schedule C to report self-employment income has almost doubled! Schedule C is filed when an individual is considered a self-employed contractor.
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Why Your Bank Loves Small Businesses
While large corporations garner much of the media’s attention, small business can be accurately described as the bedrock of the American economy.
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Working With Your Banker
Working with a banker is much like working with a lawyer, accountant or any other professional. To develop a successful working relationship with your banker, it's important to view him or her as a partner and an advocate for your business.
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