How to Build a Business That Can Flourish Without You

“We don’t need you anymore.”

These five words can be a stinging rebuke if they come from a loved one, but if they come from those in the business you’ve founded, they can be golden!

Whether to spend time on other endeavors, for an exit strategy, or simply to maximize growth, building a company that can flourish without you is a fundamental business practice.

You have to delegate some authority!

Creating ‘walk away’ wealth

Creating real “walk away” wealth is a prime reason to build a business that can thrive without you. It also prevents succession problems.

Many successful family businesses go bankrupt as soon as they are passed from one generation to the next or internecine strife tears the family apart when it’s time to make difficult succession decisions.…

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Everything You Need to Know About Choosing The Right Business Structure

If only it were so cut and dry when starting a business, we wouldn’t have all these headaches with paperwork, legal stuff and guidelines to deal with. However, the way business works would be a disaster if we didn’t have these specific legal structures to choose from, namely….

  • Sole Proprietorship
  • Partnership
  • (C) Corporation
  • (S) Corporation
  • LLC (Limited Liability Company)

business structure

That’s a lot to take in, especially if you may not know how they’re all different. Each one has specific advantages depending on the needs of the business. Each one also has certain aspects you must take into account, or else you’re losing money on account of your negligence.…

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7 Employees You Should Fire Now

The key to your growth and success as a corporation has one engraving on it. No, it’s not sales. It’s not marketing and advertising. It’s not even information technology, although that maintains efficiency on a high level. It’s this: workforce.

Your employees matter the most. Consequently, the right employees matter even more, if that is possible. I’d wager to say that in the corporate world, the right employees are first and foremost the highest priority! Sadly, though, it seems that entrepreneurs, budding CEOs and managers out there have a problem, in that they have a hard time spotting the right ones, only going for the wrong ones.…

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Human Rights Over 50 Years

Whether political talking point or respected institution, human rights are certainly one of the most talked about topics today. That they were developed more than 50 years ago and remain an important aspect of life shows just how important – or to some, how controversial – human rights really are.

A Mail Online article with the title “Human Rights and an Affront to Justice” demonstrates the debate regarding human rights in our country. Institutions like the European Court of Human Rights are both praised and pilloried by a range of political and social commentators.

Equal human rights

Take an international focus on human rights, however, and there’s little in the way of criticism.…

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5 Types of Effective Marketing Swag for Your Etsy Brand

You love to craft, and you’ve been told time and again people would pay money to buy what you can produce. You’ve decided to try to earn some extra income – perhaps even grow your passion into a viable career someday – by opening an Etsy store.

Etsy sewing shop

In order to effectively get the word out about your store, you should start a marketing campaign to grow awareness about your store. Pass out and mail swag personalized with your Etsy shop’s information. Give these items as a bonus with an order, mail them to influential reviewers and bloggers, and pass them out at crafting fairs.…

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Sponsoring an H-1B Visa as a Startup Business

We already know this: the employees make the company. That’s for sure. How, though, do we find them? We put our ads out there, we have accounts on Careerbuilder, we contact recruiters with requests to help find the best possible candidates, and still we’re often left high and dry. It’s as if the supply isn’t as much as the demand, and in many ways, that’s true.

We have to search elsewhere. But where? This is where an H-1B visa might help, as we target the foreign market as such for employment in our companies here in the state. First off…

Sponsoring H-1B Visa

Can You Explain What an H-1B Visa Is?

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3 Foolproof Methods to Find the Perfect Employee

Leaf through a newspaper on any given day and the misery of the unemployed will leap off the page.

Hundreds hit by factory closures here or thousands of healthcare jobs slashed there, whether you’re affected by it or not, the figures hardly make attractive reading at the breakfast table.

But what of the business owners who, amidst this despair, are attempting to sort the wheat from the chaff in their efforts to get folk back into work and fill positions with the perfect employee?

The perfect employees

Admittedly, it’s an altogether different struggle, but likely a familiar scenario for organisations the length and breadth of the country.…

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What Dangers and Risks do SMEs Face?

Any small business runs the risk of failing through any number of reasons. Whether it is mismanagement or changing market conditions, lack of capital or poor business decisions, the corporate world is a minefield for those just stepping out.

Yet it’s not only small operations which can run into trouble out on the business battlefield. Even the most well run company operating in favourable economic times will face dangers and risks that can prove costly and sometimes have catastrophic consequences on their success.

Taking business risks

The general idea of ‘risk’ is something that everybody who runs their own business is familiar with but depending on the specific area of operations these threats can differ greatly.…

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These 5 Internet Marketing Mistakes Will Ruin Your Small Business in NO TIME!

The internet marketing can do you wonders as far as boosting your business. Not only does it give your business it’s much needed publicity, it downright helps you with sales and establishing your brand. But did you know that implementing the wrong internet marketing strategies can do the EXACT OPPOSITE?

Internet marketing mistakes

Depending on which internet marketing mistakes you make, instead of helping you skyrocket your small business, you’ll end up in dire straits or worse… you might end up closing it.

What internet marketing mistakes am I talking about? Read on…

1. Running a paid ads campaign without carefully setting a cap

It’s very easy to make a mistake when running a paid ads campaign.…

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5 Tools to Manage Your Small Business More Effectively

Running a business, however small, is no walk in the park. With little or no staff, you would have to take care of the many challenges inherent in business management, which can include financing, marketing, managing deliverables and growing the business, among other things.

business apps

Like a plumber and his tools, it is imperative that you are equipped with spot-on business applications to grow your business, as allowing yourself to settle for software systems that get in the way of effective communication, data accuracy and reliability, client relationships and employee engagement are detrimental to success.

If you’re in the market for tools to help you manage your business more effectively, here are five you might want to take a look at:

Bitrix24

Bitrix24 is a free social intranet framework for small businesses comprised of a maximum of 12 team members.…

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