Archive | Finance

What’s Next for You? Financial independence means different things to everyone

What’s Next for You? Financial independence means different things to everyone

During my 2nd quarter SRI Business Retreat meeting recently, I talked with forty-six business owners about history. I used as an example the fine economists who also play the role of historian by reporting our economic situation on a monthly basis.

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Small Business Equipment Insurance

Small Business Equipment Insurance

Many businesses are dependent on expensive equipment needed in the manufacturing process. Often, the equipment is leased rather than purchased, and it is wise to insure the equipment, irrespective of ownership.

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Credit Cards as an Option for Financing Small Businesses

Credit Cards as an Option for Financing Small Businesses

Small businesses are often individually owned startups which face tremendous difficulty in procuring loans due to lack of sufficient collateral, credit record and established sources of income.

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Raising Small Business Capital

Raising Small Business Capital

Capital is the first requirement for any business to start. Therefore raising capital becomes the first and most important activity once the business plan is in place.

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It’s time to trim the Income Tax Fat!

It’s time to trim the Income Tax Fat!

When it comes to taking deductions, most business owners know very well the expenses that the Internal Revenue Service considers “ordinary and necessary” for business.

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How to Convert Your Independent Business to a Franchise

How to Convert Your Independent Business to a Franchise

The recession has hit businesses hard, but the good news is franchising is showing some promising signs of recovery.

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10 Great Reasons for Outsourcing Payroll Services

10 Great Reasons for Outsourcing Payroll Services

While peace of mind may be reason alone for outsourcing payroll, below are additional reasons why outsourcing payroll services may be a great solution for your small business:

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Can a Spouse Qualify for HIRE Act Benefits?

Can a Spouse Qualify for HIRE Act Benefits?

Under the recently enacted HIRE Act, the following benefits are derived from hiring previously unemployed workers:

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Do You Need a Business Loan for Your Start Up

Do You Need a Business Loan for Your Start Up

You may have been having some difficulty procuring a business loan for your start up. In difficult economic times this happens frequently.

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The Art of Debt Collecting

The Art of Debt Collecting

This is a brief article for people who are working for themselves who have clients that are unable or unwilling to pay for your work.

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Tips for Getting Funding for Your Business

Tips for Getting Funding for Your Business

While a great idea, a needed service or product, and a known area for marketing are all very important, let’s face it…getting funding for your business is critical. Most businesses will start up with investments made by the owner, but often, that will not be enough to insure success.

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Revenue is Not Your Friend – Pricing For Profit

Revenue is Not Your Friend – Pricing For Profit

The Sausage Vendor said he bought his sausages for a buck, and sells them for $.95. When challenged as to how he would make money, he said, “No problem, I’ll make it up in volume.”

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How To Make Good Use Of The Paper Your Accountant Gives To You (part 1)

How To Make Good Use Of The Paper Your Accountant Gives To You (part 1)

Every company has an accountant. They are often seen as gray men, with round glasses and little social skills. Many think that their existence is justified by bookkeeping, which, in turn, is a law enforced requirement, right?

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Good and bad profit, & how they define your future

Good and bad profit, & how they define your future

After Kinko’s was bought from Paul Orfalea in 2000 by FedEx, Kinko’s went from a paragon of “good profit” to an unfortunately great example of “bad profit”.

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