What if a magic formula existed to immediately and successfully connect you with international businesses? What if you knew a secret about how to get your business proposal favorably presented to the key decision-maker? Well, there is a method to do exactly these things, but you will have to invest your time learning your target’s culture. In many other countries, …
Windfall Profits: What Might Be Your Fair Share of the Tax Cuts and Jobs Act of 2017
“In this world, nothing can be said to be certain, except death & taxes.” – Benjamin Franklin “The only difference between death & taxes is that death doesn’t get worse every time congress meets.” – Will Rogers In 2018, Mr. Rogers might need to do a double-take after the passage of the Tax Cuts and Jobs Act. Before the ink …
Writing Off Start-Up Costs
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 …
Core Four: 4 Vital Legal Agreements All Startups Should Have in Place
“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 …
Entrepreneur Business Plan Questions and Answers
The Entrepreneur Business Plan: Questions and Answers You may know your business concept inside and out, but taking your idea from notepad scribbles to reality isn’t easy. Many entrepreneurs get so caught up in how to start the process that the business itself never materializes. Fortunately, we’ve made this list of entrepreneur business plan questions so small business owners can …
5 Steps You Need to Take to Plan a Smooth Business Succession
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 …
The Importance of Building Company Culture in Your Business
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 …
Entrepreneur’s Guide to Starting a business in South Florida
Entrepreneur’s Guide to Starting a Small Business in South Florida One of the most frequently asked questions we get, indeed almost daily, is about starting a business in South Florida. How is it different? What are the steps I need to take? How do I even begin? So, we decided to write an Entrepreneur’s Guide to Starting a Business in …
What is Succession Planning for Entrepreneurs?
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 …
How to Create a Solid Operating Agreement for Your Business
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 …