In a business, things can change at the drop of a hat – from losing a valued employee to gaining traction overnight and even the proposition of selling your company or having it bought out. Therefore, you must prepare for anything and everything. Mergers
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In business, there are four types of organizational structures: sole proprietorship, partnership, corporation, and limited liability company (LLC). Let’s break down how to form each type of business, what rules they must follow, and any advantages and disadvantages generally associated with each. Sole Proprietorship
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Starting the new year tired, uninspired, and needing a break helps no one. However, we (and your employer) hope that you got a much-needed break over the holidays and that you’re ready to enter 2022 with the energy, ideas, and effort needed at the beginning
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Every December, businesses across the country create business plans for the following year. They look at what performed well the year before, what areas are cause for concern, and where their focus should lay. This is such an important task that December is actually known
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Many businesses, both large and small, have been negatively impacted by the COVID-19 pandemic and continue to experience limited resources needed for survival in 2021. As this year comes to an end, annual reviews and audits ensue. During this time of reflection and preparation for
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Creativity, innovation, and risk are at the heart of entrepreneurship. National Entrepreneur’s Day is on the third Tuesday of November each year and aims to celebrate all entrepreneurs; this year we honor those incredible men and women on November 16. Without the passion and bravery
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Everyone has stress in their lives – whether it’s something at work, at home, or something entirely outside their control. On the first Wednesday of November, we should take Stress Awareness Day to heart and realize that we can’t put energy into situations that we
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There are several different ways to approach strategic growth in your organization. COVID-19 has altered consumer behavior irreparably, so for many businesses, the time to grow is now. Some approaches that companies use when they’re planning to expand is one (or more) of the following:
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Every entrepreneur starts with an idea. Once that idea starts to take shape it becomes a mission, a vision, and eventually, a business. In order to go from an idea to a viable, profitable business, you need a business plan. A business plan is
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