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- Business Strategy Fundamentals
Over the years, I have met and worked with literally hundreds of business owners. At one time or another, many of them have written a business plan. But very few of them have a working business strategy. A business plan and a business strategy are two very different tools. A business plan normally is prepared for a financing partner — ...
- 14 Ways Small Businesses Can Cut Back
Many small businesses look to laying off employees when the business gets into trouble. Though the move does cut expenses, it also cuts valuable manpower and could leave the business ill-equipped to compete when the economy turns around. Forbes suggests 14 cost-saving measures to boost the cash flow but preserve the company identity and reputation.Share office space with other businessesBarter ...
- Don’t Be a Victim of Insurance Fraud
Between 2000 and 2003, Sharon and David Watkins allegedly set several fires to their own home to collect $400,000 in insurance money. They were caught in the scam when the last fire killed their own daughter and her friend.Recently, James Lee Graff got in the hot seat for reportedly selling fake health insurance to thousands of small-business owners — for ...
- Making Sense of Employee Taxes
Understanding employee taxes can be one of the most difficult aspects of running a business and hiring employees. But if you don’t realize all of the complexities of employee payroll tax, it can get you and your business into a heap of trouble. FICA and Federal and State UnemploymentFirst, you need to understand the employee taxes you are responsible for ...
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