“Soft” Loans For Your Children
Parents quite often make loans to their adult children to help them purchase a car, a home, or for other reasons. A loan is different from a gift. The parent can charge interest so that the loan will earn some investment income. The loan can be set up for blended payments […]
Wills and The Executor
A will specifies your instructions as to how your assets will be distributed on your death. In the will, you name an executor to act as your personal representative and to deal with all the tax, investment, administrative, and other duties involved in distributing and overseeing your assets as per your instructions. Some people feel honored […]
7 Tips for Writing a Great Mission Statement
A mission statement is a brief summary of an organization’s core beliefs and key goals. In the contemporary era, all sorts of organizations – businesses, non-profits, schools and clubs – have developed mission statements. Many others plan to do so.
Writing a mission statement is not a simple task. […]
4 Ways to Win Customer Loyalty
It is said that eighty percent of a company’s profits come from twenty percent of its customers. With the competitive market and globalization, it is complicated to count on a few of your loyal customers to always be present. Now, it is more important to have clients who positively influence […]
Essential Tips to Manage Your Small Business Finances
Running a small business comes with its fair share of financial concerns and annoyances. Some of these challenges can be a curve on your business’ growth plans, but there are tools and supporting guides that can help manage them. By following proper practices, you can manage debts, […]
How to Increase Your Prices without Losing Customers
Raising prices is an essential part of business, but it is not always easy to do. Many people put it off, rightly fearing they might lose customers and revenue. What if that lost revenue cancels out the increase in the margin your business needs? The answer is to […]
Starting a business isn’t easy. So, if you’ve already launched one it’s a great achievement. Congratulations! To grow your small business you’ll need the same motivation and hard work that allowed you to get to where you are today. But this time, you need to be even more strategic. The main target should be to […]
A majority of business owners believe that the best way to boost their business bottom line is by focusing on top line growth. So, they spend a lot of time running campaigns to boost foot/in-store traffic, brand mentions, and trying to increase sales. What they may not be aware of is that business bottom line is […]
No matter how great your ideas, if you do not know how to handle your finances your startup is doomed to failure. Cash flow troubles can sink even the best startup. If you want your business to succeed, you need to pay close attention to the money coming into your business and the money flowing […]
Every business owner should be concerned about creditor proofing his assets. Here are several suggestions to consider:
1. Transfer assets out of the company:
Place capital assets in a separate holding corporation so that subsequent legal claims that arise in the operating company do not affect these assets.
Lease the assets in the holding corporation back […]
