“Life is trouble; only death is not,” comments Zorba the Greek in the novel by Nikos Katzanzakis. I’ve heard many a business owner brag about the lack of complication that their sole proprietor status affords them. No messy ownership agreements, no separate filings or taxes, complete freedom and flexibility to do what you want when [...]
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A few years ago, there was a short-lived TV show called “Kids Say the Darndest Things“. Well, in a similar vein, people bring lawsuits for the darndest reasons . . . which is why entrepreneurs are well-advised to protect themselves legally. But rather than get on my soapbox about protection, for today, let’s have a [...]
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What struck me about my conversation with Alicia Marie Fruin, a national leader in coaching and training for small-business owners, and founder of PeopleBizInc.com, is that she so quickly zeroed in on where entrepreneurs get stuck. Stuck in doing everything ourselves because we can’t see a way for our company to expand past our limited skill sets. Stuck [...]
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Yes, they’re cumbersome, but don’t ignore the corporate formalities if you don’t want creditors poking into your personal assets. Congratulations! You’ve taken the important step of protecting your personal assets by forming a corporation or limited liability company. But just as giving birth is only the beginning of your responsibilities of caring for a baby, [...]
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Would that we could wave a magic wand and–POOF!–be a successful entrepreneur. Actually, it’s usually more a matter of becoming a successful entrepreneur and gorwing into the role than all-of-a-sudden being it. In this short video interview with Carolyn Kepcher of Work Her Way, I briefly discuss how a busienss owner might get in the [...]
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It’s never easy being a small business. It’s hard enough to qualify for venture capital funding . . . and yet receiving it could disqualify you from other small business incentives through the Small Business Administration and other government programs. It’s a “damned-if-you-do-damned-if-you-don’t” conundrum. According to a recent report in the New York Times, Jason [...]
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Like any other relationship, one with a business partner is not always on an even keel. You do the best you can, recognizing that there needs to be give and take. The important thing is to make sure that the “giving” and the “taking” isn’t one-sided. This is especially important in situations where each partner [...]
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As a lawyer, I love what I do. I’m proud of how I do it. And sometimes, I hear about members of my profession who just make me want to spit. On them. From the Annals of the Preposterous, here’s a story which, if true (I have not personally verified the pleadings) is an appalling addition to [...]
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Billions of dollars in small federal contracts could be opened to small businesses if the Small Business Administration (SBA) prevails in a dispute with the General Services Administration (GSA). According to a report on Associated Content, the SBA has ruled that, under the Small Business Act, the GSA needs to set aside contracts valued between [...]
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This past weekend, my husband and I were putting up the last of the wall hutches for a new home office in our apartment and needed to drill holes in the wall in order to mount them. We sought advice from an expert at the hardware store and followed the advice to the letter. What [...]
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Taking on a business partner is not a decision to be made lightly. It’s much like getting married. With the tools provided to you in The Entrepreneur’s Prenup you will always have the partnership guidance you need, regardless of where you are in your partnership process.
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