According to Dawn Fotopulos, president of BestSmallBizHelp.com, one of the top 10 reasons small businesses fail is that they overspend on fixed assets. Do you really need that state-of-the-art computer system right out of the gate? Will your customers care whether your desk is make of solid oak or pressed particleboard? Will they even see it? Overspending on [...]
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Doing business in other countries isn’t the same as doing business in the good old USA. Maybe you have a product already and are looking to expand into a new market. Maybe you’re looking overseas for a supplier, manufacturer or distributor of a product to sell in the U.S. Whatever your situation, if you’re serious [...]
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Q: What kinds of legal issues do I need to be aware of in my business? And, do all attorneys charge for consultations? I went to one attorney who wanted to charge me $60 for a consultation. A: Not sure where you’re located or what stage your business is in, so it’s hard to tell [...]
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Q: I am starting an online retail store. I thought about filing my status as a sole proprietor. Eventually I will change my status to an LLC when I have a physical store. Should I go ahead and file as a sole proprietor or should I just file as an LLC now? A: Particularly for [...]
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Q.: What are my rights as the minority shareholder who is being laid off by majority shareholder? I’m a guarantor on the company credit line? We are the only guarantors on the credit line. There are two other minority shareholders, one was laid off nine months ago but kept his shares, and the other is [...]
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I’ve written a lot about choosing the right business partner, but as I was trolling the Internet, perusing article on the numbers of people laid off and contemplating entrepreneurship (whether by choice or by default), the thought struck me: Your “home office” environment is a huge factor in the success (or failure) of your enterprise. Melinda [...]
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I came across an old post by Roger Glovsky, the Virtual Lawyer, that asked the age-old question, “What do clients want?” (And no, almost surprisingly, “perfection” is not the answer) Seems, attorneys would do well to put the shoe on the other foot. We’re so used to brandishing our exceptional intellectual prowess as a way [...]
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There’s no use trying to find an accountant on April 14th and hoping that your issues will miraculously be resolved by tax deadline time. Like hiring other professionals and vendors for your business, you want to take your time to select them carefully. And you want to have them in place before you have an [...]
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There’s no use trying to find an accountant on April 14th and hoping that your issues will miraculously be resolved by tax deadline time. Like hiring other professionals and vendors for your business, you want to take your time to select them carefully. And you want to have them in place before you have an [...]
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Why won’t just any ol’ attorney do? This is the situation: Unlike many other careers/vocations, attorneys have to be specifically licensed to practice law. Licenses are granted by a particular state. That means that we have to take (and pass) an exam qualifying us to practice law because, as many of you may know, a [...]
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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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