You are in college and it is the summer. You decide to paint houses to make a little pocket money. A neighbor of yours is interested. You look at his house and then figure out the cost of the paint will be $500. Would you charge him $500 to paint the house? Please say no.
1. Read the Colorado Business Resource Book 2. You should register with the Secretary of State 3. You should get a Federal EIN # 4. If you have employees, it is recommended to set up a wage withholding account and unemployment ...
1) Speed a. An acquisition provides instant scale and great opportunities for efficiency. Whereas starting from scratch is a time consuming process and does not come with any success guarantees. 2) Market Power a. Building market ...
It is never too early to begin planning for a strategic exit from your business! While we like to think we are in control, you can never know what the future holds that could throw us off course. Putting in place a sound plan to exit your business will help facilitate a faster exit when the time comes and can provide for a higher return on investment.
Some companies dive in without thinking about their strategy. They open lots of accounts without doing enough background work. This approach won’t give you the best results.
It’s that time of year again: long nights at the office, a seemingly infinite inbox, lunch and sometimes dinner at your desk. It’s easy to have an out of body experience when you’re sitting at your desk for upwards of 10 hours every day. Remaining present during what is a busy and stressful time is key in order to avoid burnout and ensure quality work. Here’s how you can do so.
Traditional advertising costs money, sometimes big money. Printed ads, radio spots, magazine spreads, billboards and online banners are ubiquitous, but may not be as effective as marketing that doesn’t cost you a dime. Here are a few tactics to invest in, not in terms of dollars, just in terms of a little time.
What costs business leaders more than $2,000 per employee per year in lost productivity? A disengaged staff that underproduces and seldom innovates. Employee disengagement is serious business.
Are you putting together a business plan? Well, good luck with that. I’ve seen lots of business plans over the past few decades that have been prepared by many well-meaning business owners for themselves, their bankers and their investors. Just about all of them have been useless. Want to know why? It’s almost always one or more of the following three reasons.
Managing cash flow is the lifeblood of every small business. Your work may reward you in ways that aren’t about money at all, but if the cash flowing in doesn’t exceed the cash flowing out, you’ll probably be in trouble before long.