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Topic: “Planning”

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Can You Turn Your Hobby into a Business?

by Jim Martin

You’d like to quit your fifty hour a week job and work for yourself, but you’re not sure what you want to do. Some answer this question by turning a hobby into a business. This can be a roaring success, or a very expensive failure. If you examine the key… [READ MORE]About { title }

Starting on the Wrong Foot in the Wrong Direction

by Jim Martin

At the latest startup conference the person on stage pitched his method which agreed with the last book you read. He swore that you can ride your idea to fame and wealth by starting your own business. Don’t drink the Kool-Aid, particularly if he says you can’t do it without… [READ MORE]About { title }

Do You Have a Technology Plan?

by Jim Martin

Too many small business owners fail to include a technology path In their business plans. They do so for a variety of reasons. Some feel their businesses will not change enough to need new technology. Others view this as an issue they will address as it arises. Some argue that… [READ MORE]About { title }

How Not To Start a Start-up

by Jim Martin

When you get a great idea, everyone tells you to rush ahead. They tell you it will make you rich and famous, or at least rich. It’s great to hear that. It’s wrong to believe it prematurely. The truth is that, no matter how brilliant the idea, success falls to… [READ MORE]About { title }

Focus on Management Skills

by Jim Martin

Some new businesses soar. Others languish, crawling slowly forward until their founders’ money and patience are both exhausted, their deaths sadly marked by empty storefronts. Failure is not inevitable. If your product or service is marketable, you can avoid a going-out-of-business sale by honing four critical skills. In a sense,… [READ MORE]About { title }

How Will Brexit Affect YOUR Business?

by Jim Martin

While the exit advocates celebrated Thursday’s Brexit vote, those who preferred to stay were left stunned by the thought of what an exit from the European Union could mean. Economists forecast that the separation will lead to the devaluation of the British Sterling, the decline of foreign investment in the… [READ MORE]About { title }

Are You Properly Insured?

by Jim Martin

What exactly does your business insurance cover? Too many businesses take out insurance that protects them from liabilities arising from accidents that cause injury to customers or employees and damages due to misfortunes like floods and fires, but never ask if that is enough. Fire theft, theft and liability are… [READ MORE]About { title }

Estate Planning for Small Business Owners

by Jim Martin

If you own a business, it’s probably one of your most valuable assets, if not the most valuable. Your business is the culmination of a dream, a major source of your income and in some cases the primary livelihood for others. According to the folks at RocketLawyer.com, it therefore… [READ MORE]About { title }

Ten Tips for New Small Businesses

by Jim Martin

by Beth Laurence, J.D.

1. Save as much money as possible before starting. People too often go into business with no savings, using loan money from friends, banks, or the SBA. They expect to start paying the loans back right away with their profits. What they don’t realize is… [READ MORE]About { title }

How to Successfully Run a One-Person Business

by Jim Martin

Many successful businesses started as one-person operations. Whether you expect to add employees in the future or plan to stay solo, these tips will help you run your one-person business properly.

Choose the right form of business. A one-person business is usually treated as a sole proprietorship for legal and… [READ MORE]About { title }