An Interview with Intuit: Avoiding Common Business Pitfalls

Below is an interview with Alan Melton and Brandi-Ann Uyemura, a blogger with Intuit: How to Avoid Common Business Owner Pitfalls Brandi: As a business coach, what common mistakes do you see small business owners doing to unintentionally sabotage their business? Please discuss with real stories, if possible. Alan: Many small business owners are too...

Managing Staff During the Pandemic

Here are some keys to managing staff during the pandemic. For now, and perhaps for the foreseeable future, your employees may have to work at home. Distractions, emotional highs and lows, and a new way of working can make it difficult to keep morale up and be productive. Take these considerations into account for managing...

Choosing the Right Attorney

Most business owners will need an attorney for short- or long-term needs – whether it’s related to incorporation, leases, trademarks, or legal documents (like wills, non‑compete or confidentiality agreements). You might need assistance with more involved legal issues like criminal or civil cases, taxes, or workers compensation claims. Ways to Get Legal Help Start by...

Growing By Licensing Your Business

Licensing your business can be a good approach for you if you want to grow your business geographically without the regulations that come with franchising. What Is Business Licensing? A licensing agreement is a contract between a business owner (licensor) and purchaser (licensee) to allow the licensee the right to use licensor’s intellectual property. This...

What is the Best Exit Strategy to Sell Your Business?

A best business practice for any owner is to create an exit strategy – a plan for the time that you will want to step back from full ownership of your business. Creating an exit strategy can be done in the early days of your business, or near the end. To gain the optimum outcome...

How Your Small Business Can Survive and Even Thrive During COVID19

The world seems to be spinning backwards. Just a few weeks back the economy was roaring. Now here we are, small business owners who are experiencing lost revenues, the fear of financial disaster, and the information on the internet and social media are constantly telling everyone that it is going to get worse. What are...

4 Ways a Financial Advisor Can Help Your Business

Advice from a financial advisor can add real cash returns over time. Using their knowledge and experience, financial advisors strive to provide the coaching, recommendations, and empowerment for you to find financial stability.  The primary values of a financial advisor are: Financial Education Financial Strategy Financial Planning Financial Protection Hire a knowledgeable advisor to teach...

How to Pick the Best Business Credit Card

Using a business credit card can be a great way to get your business up and running without spending your personal funds. This can be a great way to bootstrap your business. It can be like a short-term “loan,” which can be easier and faster than a bank loan. Use to purchase start-up items like...

Grow Your Business Big!

by Donna Johnson You can take the word “grow” two ways – it can grow in size or grow in profits. I think, ultimately, the point would be to grow in profits. So, this content covers methods intended – over time – to increase your income. Strategies to Grow Your Business Your growth strategy would,...

Surviving the Big Boomer Business Bust

This is an update to an earlier blog post. Things have changed significantly over the last few years! According to PricewaterhouseCooper, approximately 50% of all owners of small and mid-sized companies will exit their companies over the next few years. Others estimate that the exit rate will be closer to 75%. This massive exodus from...