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…
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…
Retirement benefits are among the best known and most desirable employee benefits offered. So why don’t more businesses offer them? First, of course, not all tools are right for every situation. But there also can be a lot of misunderstanding about complex company-sponsored benefits, and sometimes a hesitation by owners who are leery of getting…
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…