TAX TIP TUESDAY

Entertainment, Bonus Depreciation and Net Operating Losses By Phylicia Buie, MST 1/15/2019 12:00PM EST As part of the 2018 Tax Cuts and Jobs Act (TCJA), businesses will be facing new tax rules regarding the deductibility to many of their ordinary expenses. Although the tax reform was passed just over a year ago, it has taken the IRS nearly all of 2018 to interpret and provide guidance on these new rules…  Read more

Money Saving Tips – 5 Times When Buying Used Makes Sense

If you are trying to save money, switching from brand new goods to used items can make a lot of sense. Buying used does not always make sense, but exploring the pre-owned market is one of the best ways to save on many different classes of products. These 5 types of consumer goods are particularly good candidates for the used market. Cars Buying a brand new car rarely makes financial…  Read more

How to run an event for clients and prospects

In today’s fast-paced, digital world, interacting face to face with clients and prospects may seem passé. In fact, face time is more important than ever. For one, you’ll stand apart from your competitors who only touch base with their customers via email, social media, and virtual conferencing. And by hosting in-person events that attract new leads as well as existing customers, you’ll be able to create trust and strengthen ties.…  Read more

9 Ways to Network with Experts in Your Niche

The ability to network is a fundamental part of running a business. Running a business in isolation is difficult, so it helps to have expert partners and acquaintances available to share ideas with. For an online entrepreneur, the best niche experts might be located all over the world. But regardless of location, there are still a number of effective ways to build relationships that are mutually beneficial for both partners.…  Read more

7 Ways to Improve Workplace Productivity

The success of any business, large or small, depends largely on nurturing an efficient, productive workplace. While improving employee productivity should always be a priority when the ultimate goal is a sustainable and profitable business, the process is easier said than done. Below are some of the most effective methods of managing a productive, happy workplace while increasing output. Establish Accountability Productivity depends on every employee understanding that the jobs…  Read more

Creating an Effective Performance Target: 7 Key Questions to Ask

It’s essential for any business to have a robust set of performance targets for its workforce. These will drive employees to achieve in the areas that are critical for success. Therefore, it’s important to ensure that the targets are calibrated correctly in order to realise the desired results. Before introducing any new target, make sure you’ve answered the following seven key questions: Is it specific? A target is no good…  Read more

The importance of documenting processes and systems

Many entrepreneurs operate with their business processes and systems in their heads. They know what they need to do each day and the way they want to get things done. Unfortunately when a business grows and staff need to be hired – or the owner needs to take time away from the business – it’s a real liability not having processes and systems documented in one place. Read on to…  Read more

What is your succession plan?

According to recent research, a staggering two thirds of US millionaire-owned businesses are operating without a succession plan—and even fewer small business owners around the globe are prepared for their CEO’s eventual exit. Recent stats from PWC Global show that family owned businesses are no more prepared: 43% don’t have a succession plan in place, and only 12% survive to the third generation. No matter whether your company has one…  Read more

Lean canvas – a new way to do business planning

Few business owners have extra time to devote to a lengthy business planning process. But every entrepreneur needs a solid blueprint to get their business successfully up and running. The Lean Canvas—designed by Sparks59 CEO and Running Lean author, Ash Maurya—is a simple, effective planning tool that helps entrepreneurs assess and test their ideas before investing too deeply in building a product. For the small business owner, the Lean Canvas…  Read more

So you’ve launched your business – now what?

Good news for small business owners: according to the US Small Business Administration, nearly 80% of small businesses survive their first year. However, that number begins to drop as time rolls on. Only half of small businesses pass the five year mark, and a mere third celebrate their tenth anniversary. Taking steps to create a good foundation in the early days of your business is essential for a sustainable and…  Read more

Free Online Business Course – 7 Steps to growing your business

Whatever type of business you have, there will be opportunities for growth beyond its current levels. Enter your details below and sign up to our seven day course full of useful tips on growing your business. Please leave this field emptyFirst name * Last name * Email * Thank you for signing up! Please check your inbox for the 1st step of our 7 day course.  Read more

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