Start-ups do not have a Brand or reputation and while immediate sales are critical, long term success hinges upon your ability to become a creditable vendor/supplier at the time of purchase consideration. Simply stated; “Will the buyer seriously consider us and our products or services when they need to buy”.
It’s an inevitable situation for any small business; any computer equipment, no matter how advanced it was at time of purchase, will eventually be ready for retirement. Improper disposal of equipment can create a number of risks for your business. The good news is that proper disposal is easier, and more affordable, than ever before.
Monday, March 22, 2010 8:58 AM ET
A look at the class of 2007
You can’t believe everything you read – even when it’s your own contract. Many employers believe that their non-compete clause provides legal recourse against employees who leave a company and take its business processes and/or clients. Yet Texas case law has not been very kind to employers trying to enforce these provisions. To avoid loss and heartache, it’s imperative for business owners to get sound legal advice and to make wise decisions in selecting and managing their employees.
Learn how others do it. Download our guide to growth.
Having a current and detailed cash flow forecast can mean the difference between thriving and closing your doors in a rough economy. Even in a fast growing business having a strong cash flow forecast can mean insuring that ever changing working capital needs will be met.
Many businesses have a traditional working capital business line of credit with their bank but haven’t sat down with their lender to really understand how the credit line should be used.
Generally, lines of credit are short-term loans (one year or less) that should be used to finance current assets on your balance sheet. A good rule of thumb is that short-term debt should always be used to support short-term assets. Long-term debt should be used for purchasing assets that have a life of one or more years.
Even the best managed company will occasionally need to use the services of a commercial collection agency. Picking one that fits your company’s personality while still being effective in collection efforts can require some research and homework.
Nearly all businesses require some kind of travel by their employees using their personal vehicles. The IRS recognizes several methods for allowing deductions by your business or the individual employee. Knowing what is required is crucial because it is one of the IRS’s most looked at deductions for businesses.
If you are not experienced in making investments in small private companies, you should know what your risks are before you make a decision to invest. This is especially true if you are not involved in the day to day operation of the company.
The term “nexus” means connection between two items in a series. Taxing authorities use the term to describe the connection between your activities in two or more jurisdictions and your obligations to collect and remit sales tax as well as pay state income or franchise tax.