Entering into a business partnership is like starting a professional marriage. Both parties must be aligned in vision, goals and operational ethics for their shared opportunity to have the best chances of success. Yet, even the most harmonious business relationships...
Running a company requires a lot of time, investment and effort. The last thing on your mind may be who is going to take over once you are finished. Nonetheless, you can’t run the company forever. This is where succession planning comes in. Ideally, you want the...
If you are looking for a partner to go to business with, it is important that you find the right match. If you end up with the wrong partner, your business journey could be a lot more difficult than it ought to be. So, what qualities should you look for in a business...
Initially, you started your business as a side project on top of your job. After a few months, you exceeded all of your targets and it soon became clear that your business had the potential to be a sustainable career rather than something on the side. You left your...
If you are an aspiring business owner, you may have recently begun to research how the business formation process unfolds in the state where you intend to start your company. Although each state employs different formation procedures, all states offer the same primary...
Buying or selling an existing business is a great way to jump into the business world or expand your investment footprint. And if you get it right, acquiring an already established business can give you the head start you’d otherwise not get if you were to start from...
You always had an entrepreneurial streak and you knew that one day you’d run your own company. An idea came to mind and you went for it. However, you soon realized that you couldn’t do it completely alone, so you enlisted the help of a business partner. Everything...
The corporate world has a somewhat ruthless reputation, and it can be hard to get ahead, especially when starting your own business. You’ve taken this step, and fortunately, it’s paid off until now. Unfortunately, your competitors have taken note of your success, and...
You started out with a small business and it has continued to grow over the years. You’re now in a position where you’re looking to expand further. There are many options to choose from, but a merger has been at the top of your list for some time. Before committing to...
You’ve worked hard to build up your company, and you hope that it can support future generations of your family. It’s imperative that you take the time to get a succession plan together so that it’s in place and ready to go if something happens to you. One thing that...