Category

Business Planning

Avoid These Red Flags That Can Trigger an IRS Audit

Avoid These Red Flags That Can Trigger an IRS Audit

By | Business Planning, Entrepreneurship, Small Business Operations

As a small business owner, you have enough on your plate already without worrying about how to defend yourself should the Internal Revenue Service (IRS) decide to audit your return. When the IRS audits someone, whether an individual taxpayer or a business owner, that person bears the burden of proof for whatever the IRS is questioning. The best way to avoid this situation entirely is not to take any actions…

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Profit Hides Lots of Mistakes

By | Business Planning, Entrepreneurship, Small Business Growth

As business owners become content and satisfied, they become less motivated to maintain optimal health in their organizations.  In fact, our research shows that over 80 percent of businesses suffer from this condition, and it is costing them significant profitability and cash flow opportunities. Read more about this phenomenon in my article on Missouri Business here.    

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4 Strategies to Help Increase Your 2019 Business Profits

4 Strategies to Help Increase Your 2019 Business Profits

By | Business Planning, Entrepreneurship, Small Business Growth, Small Business Operations

The end of a calendar year is a common time for business owners to reflect on how they can be more profitable in the new year. You might even feel discouraged because you don’t know how you can possibly take on more business and still have time for a life outside of work. If so, you will be happy to know that increasing profits doesn’t always mean taking on more…

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7 Marketing Strategies to Help Your Business Grow

7 Marketing Strategies to Help Your Business Grow

By | Business Planning, Entrepreneurship, Small Business Growth, Small Business Operations, Small Business Sales

As a business owner, you put so much thought and energy into mapping out the path for your business to grow. One step you can take to increase your return on investment is to develop a solid marketing strategy. A good marketing strategy will increase your brand recognition, and will take into account all marketing channels which will help to grow your business. By developing a really good marketing strategy,…

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How to Get Your Small Business Launched Successfully

How to Get Your Small Business Launched Successfully

By | Business Planning, Entrepreneurship

Many people dream of owning their own small business but quickly give up the idea once they realize that starting and launching it is a lot of hard work. It can seem positively overwhelming when you consider everything you must do all at the same time. To reduce your stress and keep your momentum going, focus on just one thing at a time before moving onto the next task.  …

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How do I Find the Business Coach That is the Right Match for Me?

How do I Find the Business Coach That is the Right Match for Me?

By | Business Planning, Small Business Growth, Small Business Sales

When you’re new to running a business, it’s a good idea to take advantage of all the help you can get from those who have been at it a while. Most business owners can use the input of a coach whether they have just launched a start-up or are trying to grow their business to the next level. However, it’s important to carefully evaluate the person you want to act…

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3 Key Metrics Every Business Owner Must Track to be Successful

3 Key Metrics Every Business Owner Must Track to be Successful

By | Business Planning

As a business owner or manager, you may have a vague notion that your business is doing well or that it isn’t, but unless you have real facts and figures to support either of these two assessments, you won’t really know how your business is doing. In order to gauge the true financial health of your company, it’s important to constantly monitor the key performance indicators (KPI’s) which are yardsticks…

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Which Type of Financing is Right for Your Business?

Which Type of Financing is Right for Your Business?

By | Business Planning, Small Business Growth

It shouldn’t come as a surprise to you that covering expenses and having enough left over to pursue growth is one of the biggest challenges of all new businesses. This is especially true when the company is new and you may not have turned a profit yet. It can also be difficult to know which type of financing to pursue. Below we discuss some of the most common types of…

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What is a Business Plan and Why Do I Need One?

What is a Business Plan and Why Do I Need One?

By | Business Planning

If you’re considering starting a business, writing a business plan is essential to help you meet your goals. Most traditional lenders also require it if you plan to apply for a small business financing loan. Investors are interested in this document as well. When you write a business plan, it allows you to pull several pieces of your planning strategy together in one place. It also gives you a concrete…

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