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Cash Reserves for Businesses: How much?

Most people have heard the personal finance adage that they should have cash equal to 6 months of expenses on hand, in case they lose their job or have an emergency expense. But should businesses? And is it realistic or wise to have that much capital sitting around? The short answers: Yes, and yes. How…

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Protecting Your Business Against Fraud

Fraud against businesses can take many shapes and sizes – from forged checks to electronic breaches. While no business is fraud-proof, there are ways to reduce risk and deter would-be fraudsters. Since every business is different, your exposure – and the steps you take – will be unique. Consult with your business community, security experts…

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To Buy or Not to Buy, That is the (Business) Question

Unless your business is of the home office or garage variety, you’re going to need someplace to actually do business. Big or small, whether it’s a storefront, warehouse, factory or office, the same question comes up for every business: Should we buy or lease space? Don’t go it alone – talk to someone with experience…

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Don’t Fall Behind in Planning Ahead: Successful Succession Tips

You’ve worked for years to build your business. As you look to the future, whether you plan to stay on as long as you can, slowly hand off responsibility, or make a clean break, you need to have a vision for what will happen next. And the sooner, the better. Succession can be complicated, but…

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How to Attract and Retain Employees in a Tight Labor Market

With unemployment rates at historic lows, every owner has employees top of mind. Will you be able to attract the talent you need? Can you keep the skilled employees you have? The short answer is yes – if you are strategic and follow through on things that matter. In a tight market, you must work…

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