As a new business, picking the right name for your business can play a big role in the success of your endeavor.
Dear M & M: I am considering selling my business what are some things I should consider when evaluating how much I should ask? – Jim Dear Jim: In addition to the financial information about your business one should consider some items not on the balance sheet or earnings statements. Many times some of the…
Dear M & M: This isn’t getting any easier it seems each year I am in business it gets harder. Do you have any tips? – Janice Dear Janice: “The statistics are sobering,” Intuit says. “Fifty percent of small businesses fail within the first five years; 70 percent fail within the first 10.” Sure we…
If you’re small business uses both employees and independent contractors you may think there are few differences between them – they do the same work, have similar goals and you pay them both for their contributions. But regardless of whether you see any day-to-day differences, the IRS does.
Dear M & M: What is the single most important question I should ask myself before I decide if I should go into business?
Marketing is only a process to get consumers interested in what you are selling. Generally, you are trying to alert customers to a product or service that fills their wants and needs
Tracking Payroll and Sales Percentages: Every industry has standard financial ratios. Knowing one’s payroll and being able to link it to sales volume is key to controlling expenses.