In South Florida, startups are booming. The Kauffman Foundation ranked the Miami-Fort Lauderdale area #1 for startups out of 40 metro areas across the country. For some people, starting their new business is as simple as registering a domain name and building out a website. For other entrepreneurs, there are greater expenses incurred to establish the company’s footprint, branding, marketing, and product …
“Brilliance at the basics.” I could have fully funded three years worth of a retirement plan by depositing a nickel each time I heard a Marine Corps leader (from corporals to colonels) say that phrase. The concept seems simple enough. If someone can accomplish the elementary tasks correctly and consistently, then they will achieve. Martial arts instructors teach the same …
The entrepreneur is someone who will work 80 hours a week to avoid working 40. When starting a new business, it can sometime seem that you have to be a jack-of-all-trades, but implicitly, a master of none. The work has to get done one way or another. Most all entrepreneurs I’ve met realize that sacrificing the vacations or nights out …
If you own a business or are self-employed, then you may have already begun preparing for tax season… or maybe not. The new Tax Cuts and Jobs Act of 2017 (TCJA) will certainly be impacting taxes this year, which is why we recommend that you begin planning sooner rather than later. While April 15th seems quite far away preparing will help …
5 Steps to Business Succession Planning We frequently ask “what’s next?” Other times we phrase it as – “and then what?” These are helpful questions to ask yourself about the future, for yourself, your family and your business. You’ve read countless times about the potential horrors that occur when a person dies or becomes incapacitated and they do not have …
How to Leverage Company Culture to Build a Successful Brand As companies in Silicon Valley promote their high-tech offices with flex space, bean bags, and unlimited coffee around the clock, many people see these benefits as culture. But culture goes way deeper than free snacks and a standing desk. “In a nutshell, culture is the “heartbeat” of a company. It’s …
We joke around about the fact that an entrepreneur is someone who works 80 hours a week to avoid working 40. Our practice is working with small business owners and professionals on their business and estate planning needs. We are unique because of the value that we bring to our clients by figuring out the return on investment our clients …
The Second Habit of Highly Successful People is to begin with the end in mind.[1] Almost weekly, entrepreneurs, business owners, and professionals talk with us about the goals for their business or practice. Few discuss their expected exit from the business. Practically none of them have thought about what would happen if they couldn’t go into work tomorrow. Indeed, 3 of …
Your startup is up and running, but you have a million things to do before you can truly get off the ground. Considering the time and effort needed when working for yourself, it’s easy to overlook the creation of an official operating agreement—especially when the State of Florida doesn’t require it for all business entities. Unfortunately, overlooking this simple step can cause …
A business is much more than a great idea: it has numerous moving parts that all have to work together seamlessly. Unfortunately, any one of those parts can mean the partial or total loss of everything you have worked for. By establishing a limited liability company, limited liability partnership, or corporation, you can protect your enterprise no matter how many …
