Layoffs: An Option of Last Resort

  • Posted by Marketing Intern
  • On February 23, 2015
With the economy tightening on a daily basis and few words of encouragement for the immediate future, many employers are enacting layoffs as a means of reducing costs and sharpening their focus. Layoffs are a particularly difficult option for the small business owner because oftentimes employees are wearing multiple hats; thus, the remaining employees will […]
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LLC or Corporation: Which Legal Structure is Better for Your Business

  • Posted by Marketing Intern
  • On February 23, 2015
When starting a business, choosing the best legal form is a serious matter. If you don’t want your personal assets to be at risk, your choices are between a Limited Liability Company (LLC) and a Corporation. Both entities provide the limited liability protection that you want. What other criteria should you examine before making that […]
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Protecting, Valuing, and Licensing Intellectual Property

  • Posted by Marketing Intern
  • On February 23, 2015
Not every idea is worth the time and money to protect. On the other hand, many inventors don’t achieve maximum value for good ideas. By understanding the invention process and business strategies associated with the commercialization of innovative products, inventors can save both time and money and get the maximum benefit from their innovation. Build […]
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Do Your Homework Before Signing That Commercial Lease

  • Posted by Marketing Intern
  • On February 12, 2015
Successful small business owners love what they do and are enthusiastic about their businesses. But this enthusiasm can lead to huge mistakes if it is not tempered by a sound decision making process. This is particularly true when the owner has found a new location (or initial location) for the business. Many times the owner […]
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Small Business Accounting, Big Deal

  • Posted by Marketing Intern
  • On February 12, 2015
Recently, much of the news coverage of large corporations is concerned with their accounting practices, or “cooking of the books.” These corporations are now facing public scrutiny for their practice of overstating profits, understating expenses, capitalizing expenditures, and improperly reporting debt. Some of these large corporations are also filing for bankruptcy. These practices have led […]
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The Day after Katrina…

  • Posted by Marketing Intern
  • On February 12, 2015
The catastrophic impact of Hurricane Katrina on the Gulf Coast raises serious questions about the readiness of small business owners in the event of a natural disaster. The biggest challenge that small business owners face in places such as New Orleans is the arduous task of recreating lost records. So how do you minimize the […]
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Choosing the Right Accountant for Your Small Business

  • Posted by Marketing Intern
  • On February 9, 2015
As with any key employee, choosing the right accountant for your small business is one of the most important hiring decisions you can make. The fact is that access to accurate and timely financial information can mean the difference between success and failure. Unfortunately, many small business owners do not consider selecting their accountant to […]
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