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Best Business Practices

Be Proactive When it Comes to Business Issues

June 29, 2021 by admin

Be Proactive When it Comes to Business Issues

Your manager breaks her leg playing softball and will be out for a month. Or your receptionist’s husband lands his dream job, but it’s out of state so they’ll be moving. When you own a small business, learning to expect the unexpected comes with the territory. Yet, you don’t have to stand idly by and […]

Filed Under: Best Business Practices

Avoiding Capital Gains Taxes with a 1031 Exchange

May 20, 2021 by admin

Avoiding Capital Gains Taxes with a 1031 Exchange

Savvy investors can build wealth by deferring capital gains taxes via a 1031 exchange. This article highlights what that is, how it works, and how it can help you as a real estate investor. For the in-depth information required to execute a 1031 exchange, a qualified intermediary is necessary. What is a 1031 Exchange? A […]

Filed Under: Best Business Practices

Fix Your Bottom Line by Raising Your Prices

February 20, 2021 by admin

Fix Your Bottom Line by Raising Your Prices

You can’t keep prices the same indefinitely, but raising them is always a gamble. Consumers can — and do — compare prices anywhere, anytime, on everything. If your bottom line needs a boost, raising prices can definitely help — as long as you map out a strategy and avoid some common pitfalls. Promote, Promote, Promote […]

Filed Under: Best Business Practices

As a Corporation You Need to Follow the Rules

November 21, 2020 by admin

As a Corporation You Need to Follow the Rules

When you started your business, you may have formed a corporation to protect your personal assets from lawsuits against your company. However, you must also operate your business like a corporation — or risk losing the liability protection you expect to have. No matter how long you’ve been in business, always treat your corporation as […]

Filed Under: Best Business Practices

Map Out Your Journey with a Business Plan

August 26, 2020 by admin

Map Out Your Journey with a Business Plan

Much like a map or a GPS provides clear directions to your destination, a business plan can help define your goals and spell out the steps your business must take to achieve them. It can also establish a set of benchmarks to measure your progress. A business plan is critically important when it comes to […]

Filed Under: Best Business Practices

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