Category Archives: management

New 1099 Rules effect on Small Business

    This post provided by Paul Ikard, CPA March 17, 2012  – Some of the below rules may have been modified, check with your CPA before taking any action. Businesses and not-for-profit organizations are accustomed to IRS rules that require them to report certain payments on annual Form 1099 information returns. However, the recently enacted healthcare law […]

Also posted in Business plan, legal issues, Productivity, Profits, taxes | Leave a comment

Need an SBA Loan? Here’s a list of SBDC locations

Here’s how to find the Small Business Administration’s Small Business Development Centers nearest you. Contact one of these offices to see if your business qualifies for an SBA Loan If you want to buy a business go to Sunbelt Business Brokers to find an office near you. For articles about how to Buy a Business […]

Also posted in SBA Loan, Small business administration, small business loans, starting a small business | Leave a comment

5 Reason to get a business appraisal

There are many good reasons to get a business appraisal valuation on your business. Here’s a list: So you can keep track of what business value you are building not just what income you are generating. So you would know if someone made you an offer to buy your business that you should take. Don’t […]

Also posted in Business plan, SBA Loan, Small business administration, small business loans | Leave a comment

Is the small business owner world upside down?

This post falls under the category of “what the heck is going on”! The following is from a small business consultant who talks to small business owners several times a week and has done so for about 10 years. Their name is being with held for obvious reasons. They say, many of the following are […]

Also posted in Business plan, operating a business, Profits, small business, small business marketing, starting a small business | Leave a comment

Don’t Let the Doom and Gloom in the Media Distract You!

If you are a small business owner the “psychology” of the day-to-day these days can be discouraging. Don’t let the doom & gloom specialists get you down. Here are a few things to keep in mind that might help you get your mojo back: If your business is down don’t be lulled into thinking that […]

Also posted in Business plan, operating a business, Profits, small business, small business marketing | Leave a comment

Document My Systems?…..Which Systems?

Recently I wrote a post about how businesses should document their systems to improve their profits and value. I received some feedback that went something like this.. “Which systems, there are a million systems in my business!” Well, you’re correct. Even a small business has many different systems. How you answer the phone, how to […]

Also posted in Business plan, operating a business, Productivity, Profits, Small business administration, starting a small business | Leave a comment

Why are sytems for your small business so valuable?

Documented business system are far more important than most small business owners believe. I believe that the reason too many small businesses stay small is because they don’t have systems. When I meet with small business owners and this topic comes up the conversation inevitably sounds like this: Me, “Do you have your systems documented […]

Also posted in Business plan, operating a business, Profits | Leave a comment

Increase your small business profits without spending a dime……

I see and analyze hundreds of businesses every year. What I have found is small business owners (generally businesses with less than $3,000,000 in sales) have a consistent weakness that costs them dearly. The Problem……. A terrible lack of effort and intelligence in determining the correct pricing of their product or services. In my practice […]

Also posted in Business plan, operating a business, Profits, selling a business | Leave a comment

Small Biz alert ..We’re from the Government and we’re here to help you!!

Employers should be aware that the Department of Labor is increasing its Wage and Hour Division’s enforcement efforts. The Department of Labor has stated that protection of workers’ rights is a “top priority” for the DOL. As evidence of that, DOL has added 250 additional wage-and-hour investigators. The intent is to pay prompt attention to […]

Also posted in due diligence, legal issues, operating a business | Leave a comment

Is Your Small Business Worth Anything?

In my discussions with hundreds of small business owners, the conversation inevitably turns to the value of their small business. Unfortunately, and far too often, the business owner has no idea why the business has little or no value. Here’s an example (names and details changed to protect the guilty). Small business owners, Mark and […]

Also posted in Business plan, operating a business, selling a business | Leave a comment