The Best of the Business Resource Center in 2017

December 26, 2017

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From its start in 2011, we have worked to make the Business Resource Center a valuable place for business owners to get useful insights from experts in various fields. Our goal is to help our readers make informed decisions that drive real results in their businesses.

In 2017, we were proud to offer content on a wide array of important topics for all phases of business ownership— from funding a new venture all the way through to successfully exiting and retiring. In case you haven’t gotten to catch up, here are a few of our best articles that you don’t want to miss:

Starting a business or growing an existing company both require access to capital. It’s important to consider your financial options. Take a look at D.J. Lewis’s Raising Cash: Debt vs. Equity for a useful comparison of two common choices, and see which one makes the most sense for your business.

Whether you’re applying for a line of credit or a loan, or just trying to plan for tax payments, keeping clear and accurate records is one of the best ways to ensure success. Take a look at The 3 Financial Statements You Need to Keep Your Banker Happy to learn about the most essential records to keep up to date.

Regular financial benchmarking helps business owners find opportunities for improvement when it comes to improve cash flow and profitability. But it can be tough to know exactly what data to track. Take a look at Philip Campbell’s Benchmarking: It’s All About Improving Profitability and Cash Flow to see the three metrics he recommends for business owners to keep an eye on.

Move over, millennials. One of the most promising talent pools for smart business owners to explore is people who have already retired. Read about the pros of hiring more seasoned workers in Kay Oder’s article How Encore Employees Can Benefit Your Business.

Good news for Texas business owners: the future in the Lone Star State continues to look bright. Learn why in Dave Sather’s article The Economic State of Texas and What it Means for the Future.

With 2018 just around the corner, there are many important tasks business owners need to handle. See what task CPA and QuickBooks expert Margie Monroe says you should prioritize in her article The Most Important Quickbooks Process to Complete before January 2018.

Starting to think about how you’ll exit your business? There are a lot of legal considerations to keep in mind while creating a plan. To learn more, read attorney and legal expert Kathy Tremmel’s How to Plan and Implement a Successful Exit Strategy.

Even with a strong exit plan, sometimes business owners need to keep an open mind in order to get the best price when selling a business. To learn more and see a real-life example, read consultant John F. Dini’s Planning Sometimes Means a Change in Plans.

Ensuring that you have enough money to retire comfortably requires some strategic thinking. See what Social Security expert Dave Zander advises in his article Creating the Bridge: When and How to Claim Your Social Security Benefits.

This year, we were also proud to introduce two new contributors: CPA Mark Puzdrak, and technology advisor Mark Johnson.

Are you taking the right steps to safeguard your business online? Read Mark Johnson’s article 5 Hidden Cybersecurity Threats and How to Defend Against Them to learn some practical steps you can take.

Take a look at Mark Puzdrak’s newest article Tax Deductions: Big Gifts vs. Stocking Stuffers for his advice on some common tax deductions business owners miss out on.

We hope you’ve found some useful information and tools on the Business Resource Center in 2017, and we look forward to continuing to provide insights from business experts in 2018.

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Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.
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