One of the most counterproductive things that I see people do the most is plan, plan, plan and dream, dream, dream. Now don’t get me wrong, anyone who desires success should plan and dream. But not excessively to the point where action never takes place.
Why is this concept so important? I’ll put [...]
When creating an LLC as a single member LLC, the business owners gains 4 significant advantages over a sole proprietor business structure. With the costs of starting and maintaining a limited liability company being so minimal, most lawyers and CPAs would advise on the use of the single member LLC. . . it is [...]
What makes young entrepreneurs different from the rest is that they found out what naturally suit them early on. They have realized that they have the potential and not to be under any superior who will give them orders.
Today, the number of young entrepreneurs is growing. There are those who planned their course ahead of [...]
Many small businesses today were begun or continued because of an opportunity. Businesses are often inherited or started without really being thought out. Some businesses become hugely successful while others will fail miserably and some will just putter along in mediocrity. Often the reason for each of these situations is due to education.
In the case [...]
The purpose of a letter of intent is to define the economic terms and conditions that apply to the pending business sale if the due diligence results in no material differences in the condition of the seller’s business. In simple terms, it means that if I go over your books and records in great detail [...]