Posts tagged with "business planning"



Business · September 14, 2021
Business Owners Beware: New Wave of Phishing Scams Target Employee Payroll
This latest phishing scam is just one of numerous threats that your company faces when it comes to digital security. In addition to scams involving stolen funds, your business is also susceptible to data breaches, hacking, network failures, and other malicious actions targeting your sensitive client and business data. So, it's best to stay in strict compliance with an ever-evolving set of federal and state laws governing data privacy to avoid any risk that may affect your business.
Business · August 31, 2021
Achieve Rapid, Sustainable Growth Using Outsourcing, Processes, and Technology
Growing your small business can be tricky. In fact, rapid growth can actually harm your company if you don't plan properly. And, even if you've implemented processes, technology, and outsourcing to deliver your core product or service and maximize growth efficiently, your company is still at risk if it doesn't have effective legal, insurance, tax, and financial (LIFT) systems. In fact, without solid LIFT systems, your business is just one accident, audit, or lawsuit away from ruin.
Business · August 24, 2021
With Remote Work Here To Stay, Maximize Team Engagement And Productivity With These 3 Strategies
Remote work offers a number of benefits for both you and your team. Without a physical office, startup costs and overhead are significantly lowered. But running a remote workforce also comes with its own unique challenges. This is especially true when it comes to managing your team and keeping them engaged and motivated. With this in mind, adopt these three strategies to engage better and manage your remote workforce.
Business · August 17, 2021
Misclassifying Employees As Independent Contractors Can Cost You Big Time
As more and more businesses take advantage of the benefits of using independent contractors (ICs) in lieu of full-time employees, the line between worker classification can get easily blurred. Though independent contractors can give your company an edge in today's "gig economy", but misclassifying your workers can cause you big-time in penalties, including fines, back taxes, and unpaid benefits.
Business · August 10, 2021
Five Mistakes To Avoid When Investing In Business Insurance
Every business has its own unique risks and assets, so business insurance is your first line of defense in protecting your company from a wide variety of different potential threats. Without the right insurance—or with too little of the insurance you do need—you could be at great risk from the costs of a lawsuit, judgment, or in the event of an unforeseen emergency or disaster. There are many types of business insurance available, so make sure to know the type of insurance your business needs.
Business · August 03, 2021
Five Factors To Consider Before Investing In A Franchise
If you've always dreamed of running your own business but find the thought of building an entire company from scratch too daunting, you might consider investing in a franchise. When you purchase a franchise, you get an already proven business model and brand, which can make the startup phase significantly easier. Also, most franchises come with turnkey operating systems, extensive training programs, and ongoing support from the franchisor. However, no business is without its risks and drawbacks.
Business · July 27, 2021
The Advantages Of Using Arbitration To Avoid Litigation
Whether it’s with an employee, client, a vendor, or a business partner, going to court to resolve a dispute is something you want to avoid at all costs, since even if you wind up winning your case, getting caught in the court process is time-consuming, expensive, and almost never good for your company’s reputation. To this end, the next time you find yourself in a dispute, you might consider attempting to resolve the matter through alternative dispute resolution (ADR).
Business · July 20, 2021
What You Should Know About Your Website's Terms Of Use
Although it’s the likely most boring part of your website, having a well-thought-out Terms of Use page for your company’s website is a smart move. Your Terms of Use page sets the rules for your company’s website, and going without one opens your business up to a number of unnecessary risks. Even though it might not seem like a big deal, the Terms of Use agreement for your website is just as important as any other legal agreement used by your business.
Business · July 13, 2021
Avoid Making Three Common Mistakes When Choosing Your Successor
Choosing the person to take over your business after your exit isn't about selecting someone who's exactly like you or even selecting someone you like. The most important thing is that you choose someone who's not only well-qualified for the role but also has the vision and skills to lead your company into the future. With so much riding on your decision, you should be careful to avoid these three common mistakes business owners often make when naming successors.
Business · July 06, 2021
How To Maximize Your Startup Cost Deductions
Coming up with a solid concept for a new business and working to get your operation off the ground can be an expensive undertaking. But the good news is that you can write off several expenses involved with the startup process. However, the rules for deducting startup expenses are different from those for writing off general business expenses incurred by an existing company. Here are some of the basic rules for writing off startup expenses that will benefit your business.

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