Business · September 13, 2024

Navigating networking doesn't have to be a dreaded ordeal. Imagine transforming your networking approach into one where connections form naturally, based on mutual respect and genuine interactions. In this insightful guide, we delve into effective networking practices that prioritize building real relationships over merely exchanging business cards. Drawing from the relaxed yet purposeful Italian style of networking, we explore how fostering genuine relationships can lead to more substantial and

Business · September 06, 2024

When unforeseen challenges arise, is your business equipped to weather the storm? Take a cue from Jenny Bristow, the founder of Hedy & Hopp, who encountered a personal health crisis that could have derailed her company. Instead, her business not only survived but thrived, thanks to her foresight in advanced planning. In this essential guide, we delve into the critical strategies that safeguarded her company during her recovery and how these measures can protect your business too. Discover the im

Business · August 19, 2024

You might not think the Supreme Court affects your daily business, but a recent decision could fundamentally change how your assets are valued—and not in your favor. Imagine having everything perfectly set up for the future, only to discover that a court ruling now puts your life's work and your family's financial security at risk. That's the harsh reality faced in the case of Connelly v. United States, where a routine valuation spiraled into a financial nightmare. Curious about the details and

Business · April 15, 2024

In the fast-paced entrepreneurial world, effective communication is crucial but often overlooked. As a leader, your ability to articulate ideas clearly, inspire action, and persuade stakeholders is essential. Our guide breaks down the art of communication for entrepreneurs, focusing on understanding your audience, crafting impactful messages, and mastering nonverbal cues. Whether it's a pitch, a team meeting, or customer engagement, every interaction is a chance to lead.

Business · April 08, 2024

Starting or expanding a small business brings critical financial decisions, notably choosing between a business line of credit and a bank loan. Each option serves different needs: lines of credit offer flexibility and repeated access to funds, ideal for managing cash flow or unexpected expenses, but often come with higher interest rates. On the other hand, bank loans provide a lump sum with lower interest rates, suitable for significant, one-time investments but lack borrowing flexibility.

Business · March 22, 2024

Selecting your business successor is more than a choice—it's a future-defining moment. Ensure your legacy flourishes by steering clear of common yet critical mistakes in the process. It's not just about replicating your leadership style but finding someone with the right vision, adaptability, and ability to connect with your team. Dive deeper into how to make this pivotal decision without compromising your business's future. As your trusted LIFTed Business Advisor, let me guide you through a sea

Business · March 15, 2024

As tax season rolls in, it’s crucial for small business owners to navigate the complexities of tax filing with precision. This blog highlights three common tax mistakes to avoid: miscalculating payroll taxes, misclassifying employees as contractors, and improperly deducting personal expenses as business expenses. With detailed examples and solutions, including the importance of clear payment policies and maintaining separate financial accounts, it provides actionable advice to ensure compli

Estate Planning · March 01, 2024

It's easy to prioritize other business matters over estate planning when you're running a business. But, in reality, one of your most pressing responsibilities is to consider what would happen to your business if you became incapacitated or died. Although estate planning and business planning may be two distinct tasks, they're inevitably linked. And, because your company is likely your family's most valuable asset, estate planning is critical not only for your company, but also for your family.

Business · February 12, 2024

Building a business is a journey filled with passion and dedication, mirroring the love you have for your family. But have you pondered the future of your enterprise and the well-being of your loved ones in your absence? Our latest blog delves into the essence of succession planning, a crucial step not just for the longevity of your business but as a profound gesture of care for your family. It outlines the necessity of a clear strategy to ensure smooth transitions, safeguarding your legacy and

Business · September 29, 2023

When unexpected calamities strike, from natural disasters to global pandemics, how can businesses safeguard their income and operations? Business Interruption Insurance, similar to personal long-term disability insurance, acts as a protective shield, ensuring businesses aren't left in the lurch. Dive into this article to understand its intricacies, from trigger events and waiting periods to the specifics of what's covered. Because in the unpredictable world of business, being prepared is not jus