Category: Growing a Business

Asset protection strategies are essential for safeguarding your wealth from unexpected events or liabilities. While some methods can be complex and expensive, there are five relatively simple and cost-effective techniques that can provide significant protection: umbrella insurance, life insurance, annuities, retirement accounts, and 529 accounts. Understanding these strategies and how they can benefit you will help secure a business owner’s hard earned assets and ensure the financial future for your loved ones. Please note:  The degree of asset protection provided… Read More

“How much money do you make?” That would be a rude question if asked by a stranger, or even a friend. But if you are a business owner seeking financing or money from investors, you’ll encounter that question all the time, and you better be prepared to answer it.  Understanding the meaning of annual revenue, how to calculate annual revenue, and then to be able to confidently share that number when required, can be key when growing a financially healthy… Read More

Sales and marketing, marketing, market research, product development, and customer service. These are just some of the areas that entrepreneurs have to manage in their small business. It’s no wonder they often feel overwhelmed.  And then there’s the most critical task for small business owners: managing small business finances. Ultimately, a business owner must manage cash flow well, and make a profit to be successful. But unless they have a background in accounting or finance, managing money in the business… Read More

If you run a cleaning company focused on residential house cleaning but are looking to expand your small business, it might be smart to consider offering commercial cleaning services. While the leap to commercial from residential cleaning is doable, there are some things you need to be aware of in the process. Commercial Cleaning Services Are Still in High Demand Consider every office, every store, every gym, and every restaurant within a one-mile radius of your house. All of those… Read More