Do you know how your business would be affected in the event of a disaster? It may be time to begin planning if you’re not sure. The following is a quick look at how you can prepare as well as what relief might be available following a disaster. BEFORE DISASTER...
Every aspect of your business, including long-term viability, short-term profits, market share and customer loyalty are all affected by the prices you set for your products and services. There is no perfect answer to this important decision, but you can use the...
Don’t put your business at risk by relying on too few customers, vendors or key employees. To ensure your business is adequately diversified, consider the following: Customers. Being dependent on only a few customers for the majority of your sales could cause...
If you are a business owner the majority of your day is likely spent monitoring operations and dealing with everyday problems. Nevertheless, a comprehensive review can benefit your business so make sure you set aside some time and consider the following key areas:...
Are you afraid that pulling the plug on a failed contract would be “wasting all the money” your business has spent so far? That could mean sunk costs are causing you to make your decision based on emotion. Expenses spent on non-performing contracts, for example, are...
If the IRS questions a choice made on your tax return, having well-documented corporate minutes can provide valuable supporting evidence. When related-party transactions are involved, such as payments, loans or distributions between the company and you or other...
