All Entries in the "Owners Only" Category
10 Ways to Build a Positive Vibe in Your Business
Does your business have “drainers” – people whose negativity drains everyone else’s energy and drags your business down? Or, worse yet, are you a “drainer” yourself? “Nobody sets out to be a drainer,” notes Jon Gordon, a business “attitude” consultant who works with businesses, professional sports teams, universities and other organizations. “It’s just that some [...]
A Financial Statement Cheat Sheet for Business Owners
Most small business owners and startup entrepreneurs never had a formal course in business finance, and earned their “MBA” at the School of Hard Knocks. If that’s you, here’s a “cheat sheet” to help understand the three basic financial statement flavors: Balance sheets, income statements and cash flow statements. I agree – it’s not a sexy [...]
5 Worst Ways Business Owners Waste Time
Most of us believe that cell phones, email and other tech devices help business productivity. But tech devices and some common business practices can actually be big time wasters. For example, are you and your employees constantly checking email or web sites? Do you have an open door policy, a schedule full of meetings, and [...]
New SBA Study says IRS Small Biz Audit Crackdown is Bogus
Ten years ago, a landmark IRS report claimed that small business owners under-report income by $80-100 billion yearly and account for over half of the U.S. “tax gap” of owed by uncollected taxes. As a result, small business owners have been subjected to increased audits and reporting requirements, including the controversial new 1099 rule. But now [...]
Why You Need a Business Buyout Agreement
A business buy-sell agreement – sometimes called a buyout or partner buyout agreement – is vital to any small business that has more than one owner. And that includes family businesses. But the terminology is tricky. This is not about buying and selling businesses. Rather, it is an agreement between partners or co-owners governing these [...]
The Southwest of Private Jets
A BizBest ShortList Selection With the cost and inconvenience of commercial air travel soaring, many high net worth business owners are looking for a better way to travel for both business and leisure. But the private jet world is alien even to the most successful biz owners and entrepreneurs. So-called “fractional jet ownership” and similar [...]
Business Owner Guide to Top Legal and Tax Trends
Starting and operating a small business is never easy, and all of the tax and rule-making authorities that get in your way don’t help. Legal and regulatory issues, trends and requirements are always changing, forcing business owners to run a new gauntlet each year. To keep you on top of things, here are 11 trends [...]
7 Leadership Lessons Every Biz Owner Should Know
Business owners are all leaders, but not all act that way. The best ones inspire peak performance, passion, engagement and enthusiasm by everyone associated with the business. For them, “lackluster” isn’t an option. Real leadership equity is earned, not bestowed, says John Hamm, a high-profile venture capitalist who’s led investments in many successful high-growth companies [...]
Finding Startup Funds Made Easier
Websites hoping to play matchmaker between investors and startup entrepreneurs have come and gone with great regularity. FindVenture.com looks like a player. The site has partnered with a long list of venture capital funds to create a kind of exchange that connects VC and other investors with biz owners and entrepreneurs seeking capital. FindVenture uses [...]
Protecting Your Privacy as a Business Owner
Privacy is a conundrum for many biz owners. You want your business (or your professional self) to be famous, but that doesn’t mean you want your personal finances to be public. Nor do you want to be inundated with spam or junk mail. In a digital world where nothing that makes its way online ever [...]
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