Divorce often brings out the worst in people, which can be a huge problem when a family business is involved. Protecting yourself and your company while ending your marriage requires a level head at a highly emotional time. Here’s how to be keep a divorce from ruining your livelihood. Determine the Company’s Fate Perhaps the [...]
Even the most successful business can be undermined by poor legal arrangements. Failing to plan for the possibility of lawsuits or other problems may come back to bite you at the worst possible moment. Here are seven tips for reducing your odds of hitting a legal pothole. 1. Avoid loose language and understandings. Doing business [...]
With lesser reserves and fewer financial alternatives than corporate competitors, small businesses should prepare for the kinds of fluctuations in revenue that could prompt cash crises. It’s wise to put together a set of policies that can help you cope with any cash shortages and keep your company afloat long enough for sales and profits [...]
Every entrepreneur has different reasons for selling a business, but there are better times and conditions than others in which to do so. For instance, selling simply because you’re exhausted or can’t stand managing day-to-day operations anymore can drastically reduce the value of your company. But bailing out under other circumstances may prove profitable. Here [...]
Managing cash flow is critical to keeping your doors open. Much like the blood that courses through your body, cash flows through every area of your organization, nurturing its growth and preventing problems. To keep your business healthy — and to get sufficient early warning when it’s not — here are some suggestions for monitoring [...]
Looking for resources to grow and create jobs? Goldman Sachs may have just what you need. A program called 10,000 Small Businesses aims to help entrepreneurs by providing them with greater access to education, financial capital, and business support services. It’s backed by a $500 million investment by the firm and its charitable foundation. Here’s [...]
With its innovative combination of classroom, retail store, and brewing facility, Bitter & Esters is supported by an engaged and loyal community.
Fifty percent of American small businesses close up shop within their first year. But in 2011, more establishments opened than closed. All of these factors and more create a competitive environment where longevity is the name of the game and a key to success. So what can you do to ensure your doors stay open? [...]