Category Archives: Business

Succession Planning in a Family Business

As baby boomers begin to leave the business world and move towards retirement, it is important to consider the transition of the next generation.

This article discusses key questions to consider when creating a succession plan that is right for your business.

To view this article, click the following link to access the original content.

http://www.northbaybusinessjournal.com/opinion/8188652-181/family-business-succession-planning

 

An Alternative Approach to Growing Your Business

While most businesses grow by beating out the competition, some businesses have instead created a larger target market that holds more opportunities.

This article explains why you should consider a five-step approach to creating new markets instead of challenging with competition.

To view this article, click the following link to access the original content.

https://www.inc.com/martin-zwilling/5-steps-to-growing-your-business-without-competing.html?cid=landermore

 

Your 2017 Tax Return

Be sure to take advantage of the many hidden write-offs you may be able to claim on your 2017 tax returns.

This article discusses the seven different deductions you may be able to claim on your 2017 returns, before the 2018 tax laws take place.

To view this article, click the following link to access the original content.

https://www.forbes.com/sites/nextavenue/2018/02/25/7-overlooked-tax-deductions-for-your-2017-return/#5e03fa0c4ce9

 

The Future of Working from Home

Future employees might not need office space and scheduled hours, but instead work from home on their own time.

This article explains why a third of the workforce will be working from home in the future, and the importance of putting a policy together for these employees.

To view this article, click the following link to access the original content.

https://www.inc.com/suzanne-lucas/survey-most-companies-lack-a-telecommuting-policy-heres-how-to-get-yours-started.html?cid=hmside1

What Did the GOP’s Tax Plan Revamp Actually Do for Small Businesses?

The new tax plan is a jolt for business, and not just corporate giants. Small businesses and other ‘pass-through’ entities are also benefiting.

In an article from Dallas News, author Tom Benning writes, “And while Republicans are staking that high-dollar tax cut on helping smaller businesses — with Jenkins, among others, planning to invest in facilities and hire more workers — the overall impact remains murky for many individual owners and the economy at large”.

In the article, Benning discusses:

  • Businesses as ‘pass-throughs’
  • Not all pass-throughs are small businesses
  • Pass-through businesses now earn more net income than C-corps

Benning continues, “One restriction, for instance, focuses on businesses where the ‘principal asset’ is the ‘reputation or skill of one or more of its employees or owners’. That definition has sent business owners, financial planners and accountants scrambling for clarity on what exactly it means”. What benefits from the tax plan do will your small business see?

To read more, see the full article from Tom Benning in Dallas News.

Interested in VC Funding? These 4 Statistics Tell You Exactly What You Need to Know

As an entrepreneur, if you are considering venture capital to fund your startup, be sure to study the state of your current market.

In an article from Entrepreneur, author Jayson DeMers writes, “For the past several years, the total dollar amount of VC given to startups has increased significantly, with venture capitalists showing increasing interest in new technologies and potential “unicorns” that could be valued at a billion dollars or more”.

In the article, DeMers discusses:

  • Total VC funding down 11%
  • The median deal size
  • Unicorn valuations
  • VC for AI and machine learning has nearly doubled

DeMers continues, “It’s still an exciting time to be a startup tech entrepreneur — though the dynamics are changing. But if VC is the direction in which you’re headed, you should stay up to date with the latest trends, and position yourself accordingly”.

To read more, see the full article from Jayson DeMers in Entrepreneur.