Advisory Board: Do You Need One for Your Small Business?

Advisory Board - Do You Need One for Your Small Business?

An outside advisory board provides a range of services from acting as a sounding board or a second set of eyes, to providing expertise, guidance and insight to the business owner. This is the first in a multi-part series that looks at real issues facing business owners and how they are addressed with the help of an outside advisory board. We will look at instances where an advisory board worked in concert with a business owner to provide different perspectives on issues and help develop and execute long range strategies and plans using short range goals and projects.

Proving Value of a Business Assessment

If done properly, a business assessment provides the business owner with significant value and benefit because it helps him/her to focus on what is important. Here is a real life example of how an objective look at the strategy and operations of a business helped distill, focus and change a company’s actions that resulted in increasing revenues and growth.

Business Growth: Eliminating the Risk

It’s difficult, stressful and sometimes even lonely being a business owner. With little margin for error, every decision you make could mean more business growth – or one of your employees being out of a job. In a small business, the close-knit atmosphere means that a job loss is taken much more personally.

Business Assessments – A Crystal Ball for your Business

Are you prepared to predict how growth will impact your company? What if you could identify growth issues before you encountered them? This isn’t just a visualization exercise. You can do this today! It may surprise you to know that the “growing pains” for a business are not only predictable, but also specific. Research was …

Read moreBusiness Assessments – A Crystal Ball for your Business

What Business Owners Should Know About Fraudulent Transfer of Assets When Owed Money

Fraudulent Transfer of Assets

Business relationships go through financial challenges like any relationship. Manufacturers, business landlords or tenants, suppliers, brokers, even business partners have problems resolving debts. What can a business owner do if the person who owes them a debt (a “debtor”) transfers cash, equipment, or other assets to hide them? What if the debtor gifts their assets to family or friends specifically so you cannot pursue them to satisfy your debt?

Is Your Business Taking Advantage of the R&D Tax Credit?

R&D Tax Credits

The R&D tax credit, which is regularly used by America’s largest companies, is vastly under-utilized by the nation’s small and mid-sized producers and innovation businesses. The reasons for not utilizing the research credit vary widely, though the principle causes relate to confusion about what expenses and activities qualify for the credit and the complexities associated with computing the credit.

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