Business Information for Entrepreneurs by an Entrepreneur

Why You Should Be Thinking Of Taxes Year Round

Most business owners don’t pay much attention to tax matters until it comes time to file. They simply hand over their financial and expense data to their CPA and hope for the best, keeping their fingers crossed that total taxes will not be too high. However, whether you pay taxes annually or quarterly, you should [...]

How to Protect Your Electronic Data

You see it on the news frequently: a large corporation, medical facility, or worse yet, the American military, has experienced a security breach of valuable electronic records. Whether hacked through an internal firewall, stolen laptop, or an “inside” connection, loss of such valuable and sensitive data can spell disaster for small business owners. Indeed, the [...]

How Will You Plan Your Exit?

What is your exit strategy? Whether you’re a young entrepreneur with grand ideas or a seasoned professional approaching retirement, you should have an exit strategy for your business if you want it to continue after your tenure. If your desire is that your business continues to succeed after you step down, there are a number of [...]

Do You Really Need to Hire Employees?

Successful small business owners can get caught in a trap: their business grows to the point that they cannot do it all alone, yet cannot afford to hire staff employees. This is a conundrum in which many entrepreneurs find themselves when they are growing their business, but fail to generate the increased sales numbers that [...]

5 Ways To Cope With Health Insurance Increases

Having health insurance available for your employees is certainly a great way to attract the right talent and retain them to avoid turnover. However, every year, it seems that health insurance costs and premiums are on the rise. How do you cope with these increases and pass off the difference to your employees without a [...]

What Health insurance Should You Provide Your Employees?

Small business owners have many choices to make when it comes to employees. You not only need to choose the right employees, but also select the best benefits that attract and retain the right employees for the long haul. What health benefits should you offer? Here is a list of the usual health benefits available [...]

Negotiating a Commercial Property Lease

As a small business owner, you must make decisions about where your business will operate. Many first-time entrepreneurs start right out of their homes, but eventually outgrow their spare bedroom and must look for a commercial space somewhere. What should you know about reviewing, negotiating, and signing a commercial lease? Here is a short [...]

Part 2 – Is Your Small Business Fully Insured?

In Part 1 of this series [create a link to blog post Part 1 here], we discussed the necessity of obtaining different types of insurance. Here in Part 2, we continue the discussion and elaborate on further types of business insurance you may need for your small business. Commercial Property Insurance – This is absolutely essential [...]

Part 1 – Is Your Small Business Fully Insured?

Starting, operating, and maintaining a small business requires a substantial investment. You have money invested in capital equipment, inventory, real estate, automobiles – and don’t forget your employees. Not only do all your physical assets deserve to be insured against loss, but your own personal and business value needs to be protected from lawsuits. [...]

How To Save Money By Going “Green”

Small business owners must monitor their cash flow to ensure that the business can stay solvent. When cash flow grows tight, tough decisions must be made, and oftentimes, cutting or reducing expenses is a strategic way to keep the cash flow positive. However, did you know that choosing certain “green” appliances and energy strategies [...]