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Make Sure Your Company is Prepared For Any Disaster

What could stop your company from operating for a day, a month or a year? A flood or fire? Perhaps a key supplier shuts down temporarily or permanently. Or maybe a hacker or technical problem crashes your website or you suddenly lose power. Whatever the potential cause might be, […]

Digital Marketing and R&D Tax Credits

The future of Digital Marketing is evolving rapidly. As marketing innovation continues to be an important factor in industry competitiveness, those who understand the fundamentals of federal and state R&D tax credits and how they can be leveraged will be better positioned to take advantage of its potential cash […]

Don’t Make Hunches — Crunch the Numbers

Some business owners make major decisions by relying on gut instinct. But investments made on a “hunch” often fall short of management’s expectations.

In the broadest sense, you’re really trying to answer a simple question: If my company buys a given asset, will the asset’s benefits be greater than its […]

Hot Spots to Look for Your Successor

Picking someone to lead your company after you step down is probably among the hardest aspects of retiring (or otherwise moving on). Sure, there are some business owners who have a ready-made successor waiting in the wings at a moment’s notice. But many have a few viable candidates to […]

Matchmaker, Matchmaker: Choosing the Right Lender

It’s easy to think of lenders as doing your company a favor. But business financing relationships are just that: relationships. Yes, a lender has the working capital you need to grow. But a stable, successful business represents an enormously beneficial opportunity for the lender as well. So you should […]

Consider Key Person Insurance as a Succession Plan Safeguard

In business, and in life, among the most important ways to manage risk is through insurance. For certain types of companies — particularly start-ups and small businesses — one major threat is the sudden loss of an owner or hard-to-replace employee. To safeguard against this risk, insurers offer key […]

Buying a business? What You Need to Know!

When considering the purchase of an existing business, there can be many advantages, such as economies of scale, growth potential and cultural and corporate synergies. These are all great reasons to consider such a transaction.  However, many people don’t take time to consider the many pitfalls that could derail […]

Selling Your Business? Things You Should Know!

Would you ever try to sell your house before fixing the worn out floorboards, sprucing up the landscaping and applying a fresh coat of paint? Nor should you approach selling your company without first making the proper preparations. The following simple steps can enhance the value of your company […]

Offer Plan Loans? Be Sure to Set a Reasonable Interest Rate

Like many businesses, yours may allow retirement plan participants to take out loans from their accounts. Such loans are governed by many IRS and Department of Labor (DOL) rules and regulations. So if your company offers plan loans, your plan document must comply with current laws — including setting […]

Envision Your Advisory Board Before You Form It

Many companies reach a point in their development where they could benefit from an advisory board. It’s all too easy in today’s complex business world to get caught up in an “echo chamber” of ideas and perspectives that only originate internally.

For many business owners, an understandable first question about […]