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- Legal oversights are common in small business, but can be costly as well
- Proper documentation, intellectual property protections, other essential steps to safeguard your business
- Understand and stay compliant with all legal requirements
- Common mistakes made by entrepreneurs seeking to run a business
- Failure to have a clear plan for finances, marketing, and other aspects of the business is a major shortcoming
- Entrepreneurs must also be willing to commit to a venture and seek help as needed
- Keeping track of your business expenses and income is crucial for assessing your business strategy and profitability
- Several free online tools are available to business owners
- Help forecast future cash flows, track down late payments, and turn the tedious task of getting paid into something much easier
- How personality assessments can influence your business strategy and improve productivity
- Tips for those managing a business
- Help identify your own leadership style and evaluate employees’ natural propensity
- A business plan can help you prep your company for launch, but you can jeopardize your chances of success if you make one of several common errors
- Factors range from sloppy grammar to unrealistic financial forecasts
- For those planning a business
- Resources providing free business plan templates
- For those planning a business
- Makes the process easier and more manageable
- An official, simple guideline for writing a business plan
- For those planning a business
- Get an overview of the key concepts of a business plan
- Tips for writing a financial section that can help attract investors or win approval for a loan
- For those planning a business
- Income statements, cash flow analyses, and balance sheets are crucial components
- The definition and importance of bookkeeping
- For those starting a business and those who haven’t hired an accountant
- Learn the basics of small business accounting
