When growth and funding are top priorities, it is wise to not let legal soundness fall to the wayside. Not surprisingly, 1 in 10 startups fails due to overlooked legal issues. Without a lawyer looking out for your best interests, it’s easy to miss common legal mishaps that pose a threat to any startup. Mistake #1 Many startups rely on …
Many small businesses are family owned. While family owned businesses enjoy the benefit of familial solidarity, their strength is often threatened when it’s time for leadership or ownership to be passed down. Succession plans help ensure the transition from owner to owner is an easy one, but many small and family-owned businesses do not have such a plan in place. …
A strong, identifiable brand is an invaluable asset to any company. Businesses can reap major rewards by building a brand image that accurately reflects the strength of the company. And in today’s business world, branding is necessary for businesses looking for longevity and growth. So, what do small businesses need to know about branding in the business world? Branding might …
If you’re relying on your top line to grow your wealth, you could be missing out on easy opportunities to save money and improve profits, independent of your revenue. Florida continues its economic growth through 2017. More and more entrepreneurs are setting up shop in the Sunshine State. Many of these new business owners are rapidly bringing their product or …
Planning for a natural disaster is never easy. In South Florida we usually get notice of an impending hurricane or tropical storm. Unlike the earthquakes of the West Coast and the tornados in the Midwest, hurricanes are tracked from the time they form. With proper planning, some of the damage can be mitigated. Hurricanes Dorian, Irma, and Maria will remain …
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, …
“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 …
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 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 …
