A new list of the world’s wealthiest people is here, and it’s really no surprise who claimed the number one spot. Bill Gates, Microsoft co-founder and one of the richest people in history, once again comes out on top, with a net worth of $87.4 billion. Wealth-X, a wealth-tracking website, provided Business Insider with its newest figures on the assets of … Read More
6 Self-Employed Tax Tips
Early in a new year is often the time when would-be entrepreneurs think about going into business for themselves. Self-employment can be a terrific opportunity to be your own boss and do something you love to do. Being your own business also brings with it a special set of tax advantages as well as tax pitfalls that you need to … Read More
3 Common Entrepreneur Mistakes
When it comes to starting a new business, most people focus on how they will win and achieve the American dream. But success isn’t something most new businesses experience. It’s important to be aware of entrepreneur mistakes. “The painful truth is that the majority of first-time entrepreneurs who launch a business fail early and often,” says Rod Robertson, an international … Read More
4 Small Business Strategies
It might be time to stop cutting costs and start focusing on growth strategies again. The law of diminishing returns tells us that cutting costs with your business will have a positive effect, but there comes a point where the return on investment starts to diminish. Is your company too focused on cost-cutting to boost revenue and profit? Cutting back … Read More
What is a Business Barometer?
Just as important as goal-setting is developing a way to track your progress. Having barometer, so to speak, will show you how you are progressing — and how close you are to reaching your goals. Seeing your progress will also help keep you focused and motivated. In short, having a business barometer will keep you on track for success. If you have big plans for … Read More
Is Your Accountant Right for Your Business?
Is Your Accountant Proactive or Reactive? Does your Accounting and Tax Firm offer you advice before it happens or late or not at all? Do they offer value added services that help your business improve and grow or do they just process your work? Are they constantly looking for legitimate but creative ways to minimize your taxes or do they … Read More
A Recipe for a Successful Small Business
Since its inception, the United States has always been considered “the land of opportunity” – a place where any individual with motivation and drive can have a successful small business. This notion still holds true today as 99 percent of all American companies are small businesses, according to Small Business Administration. But this doesn’t mean being an entrepreneur or running … Read More
Five Tips for Smart Business Growth
Taking your business from the start-up phase to becoming a medium-sized enterprise is a pivotal step for many entrepreneurs. If you are at this stage, congratulations! You have succeeded where many others have failed, and you are potentially on your way to becoming a very successful company. That said, there are countless challenges involved in business growth. Becoming an established … Read More
Strategic Planning Steps for Business Management
What are the Strategic Planning Steps? The Strategic Planning Steps business management system is an organizational tool that is used by groups and corporations globally to refine their goals and maximize their resources. Drawing from the concepts of strategic military planning, the Strategic Planning process is one way in which businesses strive to attain a competitive edge. Strategic planning involves … Read More
How To Plan For Succession In Family Business
It’s never too early to start succession planning in a family business. Here’s a story… …From the moment the Yung Kee restaurant sold its first goose in Hong Kong, in the 1960s, its founder Kam Shui-fai groomed two of his sons for management roles. However he never had the time to develop a structured approach to succession planning.The younger son … Read More