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The Latest Questions Small Businesses Are Asking

Up and Running

Are there enough customers willing to buy your products, often enough, at a profitable price that your business can pay all expenses and provide a decent living wage to owners? If not, the business idea is not feasible. Do I need to hire a Certified Public Accountant (CPA) for my small business?

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Tips On Starting A Business Without Sabotaging Your Personal Finances

YoungUpstarts

by Tim Steffen , CPA/PFS, CFP ® , CPWA ® , Director of Financial Planning for Baird. Among a growing number of Millennials, there is a real desire to become an entrepreneur, and a belief that starting a business can be a way to attain both independence and wealth. In fact, many new businesses don’t pan out. Keep a fall back.

Finance 100
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How to Form a Corporation

Up and Running

Consider finding and working with a CPA and a lawyer. It appears extremely friendly to businesses, it has easily-understood legal processes, has well-developed corporate statuses, and some call it a “tax haven” because it doesn’t collect taxes from out-of-state businesses. . Small Business Administration: .

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5 Tips For Startups To Avoid A Financial Disaster

YoungUpstarts

And of the total amount of failed startups, a majority reported finances as the major culprit of their collapse. It can be stressful and unproductive to worry about your personal finances while running a startup. Keep in mind that while your business is a large asset, your health and wellness are the most important assets you have.

Startup 140
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10 Things the Bank Will Ask When You Need a Business Loan

Up and Running

I was really disappointed when I needed my company’s first commercial bank loan to finance receivables of more than $1 million—from well-known distributors no less—and we ended up having to sign a lien on our family home to get the loan. So your business has to have hard assets it can pledge to back up a business loan.

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5 Benefits Of Expanding Your Business Into Global Markets

YoungUpstarts

The first benefit of expanding your business worldwide is pretty obvious: You’ll tap into new markets and increase your market outreach. Small Business Administration says anyway. As with your personal finances, the more diversified your business assets the less risk you carry. That’s what the U.S.

Global 100
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Do You Have Fear of Financials?

Up and Running

I posted 5 Things Every Manager Should Know About Financial Forecasts recently on the Industry Word blog on the SBA (Small Business Administration) community site. 2. Forecasts don’t take an MBA, CPA, or PhD. For example, did you see how prices ended up lower or higher than what you thought? Or conversions on the web?