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Desperate Measures from The Legal Edge

May 14, 2012

(As seen in the SmartCEO Magazine, April 2012)

Business is hard, and companies are reaching for results. In the process, some businesses take dangerous shortcuts and risk dire consequences.

Government gold rush: As business has dropped off in the private sector, more and more companies are lured by the prospect of easy money at the government trough. One of the prime targets is work set aside for minority and disadvantaged businesses. The problem is that plenty of companies that don’t qualify want to get into the act.

All too often, businesses that don’t qualify want to set up new companies with a person – who meets the standards – as a figurehead. These businesses don’t really want this person to run the new company. So they ignore the rules or attempt to disguise the real situation. (more…)

Four Ways to Help Your Client Expand Their Business

May 9, 2012

Today’s economy presents some unique opportunities for business expansion for those who have a unique set of circumstances. Help your clients act now to expand their business and help position them for success. 

By Mike Handelsman, Group General Manager, BizBuySell.com and Bizquest.com

Growing a business is a constant challenge, and today’s economic climate is likely making things more challenging. However, by helping clients to explore expansion options uniquely available during an economic downturn, they may be able to take their business, and business performance, to new heights.

Here are a few fresh ideas, uniquely suited to current market conditions, which might stimulate some new thinking on how to expand a business. (more…)

Book Review: Found It – A Field Guide For Mom Entrepreneurs (Great Book For Every Newbie Biz Owner)

May 7, 2012

I remember staring my first business, “Family Computer Consulting Services,” over 12 years ago. I had no clue what I was doing and just grew my business, helping clients, by the seat of my pants. I did have Inc Magazine, which helped give me insight on how other businesses were growing and the challenges they faced, but that’s about it. I dissolved the business (it was profitable!) and morphed into Smallbiztechnology.com.

I wish I’d had Jill Salzman’s book, “Found It. A Field Guide for Mom Entrepreneurs.”

Her easy to read book, with cute imagery, is focused on moms and their entrepreneurial journey but (shh) it’s really a great field guide for a dad or anyone starting their business.

The book is chock full of short, to the point and very useful information, in fact 51 tips, including a resource section. (more…)

The newest, oldest and above all most important tools for your business.

March 9, 2012
By Peter Justen –

As we set out to build our businesses we are inundated with the latest “must have” tools.  Tools to increase our productivity, to help us with our marketing, to help us find new customers and keep the old ones.  Tools to build a web site, to launch a product or even to help us track our financials.

But…those aren’t the kind of tools I am talking about.  Here’s some you might not have thought of, that are free to use, but can cost you terribly in the long run if you don’t use them.

Honesty.  Intellectual honesty.  Being honest with yourself about your products, your marketing, and your growth.  About being honest in your representations with your clients, your brand and your employees.

Loyalty.  Loyalty is such a magic quality.  It can carry you through dark days, and build a bond with your suppliers, vendors, clients and employees that can’t be broken.  Remember, you can’t demand loyalty, but it often comes back to you when you give it.  (more…)

Evaluating the new virtual tools for start-ups and small business management, financing and communications

February 28, 2012

Launching a new business in a 21st century digital world requires using a lot of new and innovative financial tools, not only to plan, but to be able to keep track of the growth and financial success of your business. Almost every day we are introduced yet another great tool that streamlines complicated processes and procedures that just a few years ago would have taken weeks or months to complete or achieve. Millions of U.S. small-business owners are spending a lot of time reviewing and screening the digital bazaar of these new tools.

As technology gets cheaper and easier to use, small firms and Startups take advantage of financial tools more than ever before to run and track their small businesses. And today’s proliferating selection of smartphone and Tablet app’s are providing advantages and conveniences that wouldn’t’ have been imagined only a few years ago.

This year, we’ll introduce you to some of the exciting and innovative new cloud-based financial, project management and communications tools, and offer advice on how to determine which ones would best help you get your business either up and running, or set for further growth and efficiency.  (more…)