Taking on a business partner means having practical and financial support at every stage of development for your company. It also means you have access to experience or resources that you don't possess. A partner can be a major asset, but a partnership can also lead...
Improve company cash flow with the right strategies
No matter the size of your business or what industry you operate in, cash flow issues can cause big problems. With the country seemingly in a downward spiral to a recession, now is the time to plan and anticipate potential issues that may arise. When you think about...
Establish business goals for the new year now
Starting a business is a huge undertaking. Once you have things “up and running,” you can’t slow down. You must look ahead and set goals for the coming year to ensure your business continues on a trajectory of success. If you don’t have ongoing goals, there’s no way...
3 crucial considerations when choosing your business structure
One of the most important decisions you must make as an aspiring business owner is picking the ideal legal structure for your business. Should you start off small under a sole proprietorship, partner with a close friend, or form a limited company? While it all depends...
How to retain key employees
As a successful entrepreneur, you know that a business is only as good as its key employees – and that fact alone can give you nightmares when you realize that a key employee is starting to look at other opportunities. If you have an employee that matters that much to...
Understanding the role of a silent partner in your business
Most everyone has heard the term “silent partner.” However, it’s important to understand what their role is in a business and how that role needs to be detailed in a partnership agreement. Basically, a silent partner is a person whose role is to invest capital in the...
What should you look for in a business partner?
You're going to start a business with a partner, but you haven't decided exactly who you want to choose. You just know that you don't want to start it on your own, so you're trying to decide who would help your business be the most successful. To do this, it's...
Do you need a lean or traditional business plan for your startup?
A Florida startup should utilize every resource available to maximize success and attract investment capital. Your business plan is one such resource that you can use to help grow your new startup. You have two choices when creating a business plan. You can go the...
Do family members make good business partners?
If your business has managed to grow exponentially, then this is obviously a positive thing. However, if it has been a sole operation, you may find continuing to expand a little overwhelming. At this point, you might consider restructuring your company. One way you...
Q&A: Forming and operating a nonprofit business in Florida
Why are more Fort Lauderdale, Florida, residents asking about starting a nonprofit corporation? That is a question that has been on our minds for some time. We decided to address nonprofits in today’s blog by answering some of the questions that Floridians ask....
