business
Live Long and Prosper
In business, there is a 50% survival rate in the first five years. How many entrepreneurs would have chanced their future if they knew their odds were the same as a coin toss? Only 25% of the surviving 5-year businesses make it to the 10-year mark. Is there a way to dramatically increase the odds of success and longevity? Yes! The businesses that make it to their 10-year anniversary have four common traits.Read More >>
10 Minutes a day
You have decided to maintain your own books. You weighed the cost benefits, the time associated and come to the conclusion that your business isn’t tricky enough just yet to warrant another outsourced cost.
3 rules to keep your house
A little while back you decided to start a company. You were excited and ready to take on the world. In these formative moments everyone told you, “You need to incorporate your business to make sure lawyers can’t get your house.” So, in light of the consequences of doing nothing, you went ahead and filled out the one-page “Articles of Incorporation” form with the Secretary of State’s Office, ponied up the $100 filing fee, and BAM! – You now own a corporate entity.
Healthy cashflow: exercise it weekly
The best sign of longevity in business is a Healthy Cash Flow. If the money is depleted, the business can no longer function. It doesn’t matter if you have the best product in the market, the most fantastic staff, your business purpose will change mankind….the world’s greatest person could not survive without food, and a business cannot survive without cash (its main nourishment).
