BUSINESS SCALABILTY TOOLS

Entrepreneurship

Best Practices for Splitting Profits in a Small Business Partnership

Best Practices for Splitting Profits in a Small Business Partnership

  Determining partnership profits in a business can be a huge source of strain, if not handled properly from the start. Before starting your business with one or more partners, make sure that you all agree on the structure of your business first. This can have a big impact of partnership profits as can the…

Why the Heck Can’t My Employees Think Like Me?

Wouldn’t it be wonderful to get to the level of freedom where you could work on your business instead of in it?  How can you determine who on your leadership team can make that happen? Read more in my article in Missouri Business: Why the Heck Can’t My Employees Think Like Me?
Avoid These Red Flags That Can Trigger an IRS Audit

Avoid These Red Flags That Can Trigger an IRS Audit

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…

Profit Hides Lots of Mistakes

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.…
Adopt These 10 Steps to Successfully Manage Business Finances

Adopt These 10 Steps to Successfully Manage Business Finances

Starting a new business is exciting, especially if it’s something you feel passionate about and have dreamed about for years. While managing your business finances is less exciting, it’s something you must do nonetheless. Below are 10 tips to help manage your business finances well from the start. Maintain separate banking, credit, and loan accounts…
5 Factors to Consider When Launching an Entrepreneurial Career

5 Factors to Consider When Launching an Entrepreneurial Career

Being an entrepreneur can be extremely stressful, since pretty much everything depends on you accomplishing your objectives, but it can also be very liberating because you’re no longer working for anyone else, and you’re completely in control of your own destiny. Before you embark on your entrepreneurial career, there are some things you should consider…

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