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How to Quickly Analyze a Business for Sale

If you are looking at buying a business as a way of getting started in your own business, then you need to learn how to quickly and heartlessly tear the business apart so you know if it s worthy of any more of your time. Once you’ve done it a few times, and learned the…

The Importance of Timing in Starting a Business

There are right now literally millions of people telling themselves they are going to start their own business just as soon as the time is right. Many of them are fooling themselves, and they are never going to start a business. The excuses they tell themselves, however, sound like valid reasons to wait. Some of…

10 Tips for Successful Marketing with Promotional Items

I sometimes get the question- can I write off all these old “blanks” that we bought to give away but never did? Usually the question comes while the business owner is pointing to a stack of old boxes filled with T-shirts that say “Have a Great Summer-2008” or chipped and broken coffee cups with the…

SBA Loan Myths and Realities Uncovered

Myths have surrounded the SBA loan program for as long as it has been around. Now that they are back and many banks are actively funding them again, it’s time to revisit and hopefully put these to bed once and for all and to really understand what the SBA can and can’t do to help…

The Cost to Start a Business

This is one of the most frequently asked questions in starting a new business, and one that people often get wrong by underestimating the answer. That may not be a problem, if there is plenty of cash in reserve and sales pick up quickly, or it may be a devastating problem if there was very…

Inspiring Entrepreneur Success Stories

I love to read stories of entrepreneurs starting from scratch and building great small businesses out of their guts and ideas and just a little bit of cash. Stories like the birth of Microsoft, Amazon and Apple are good, too, but a tad harder to relate to- at least for me. The stories I really…

The Secret to Beating Procrastination Starting Right Now

Sometimes people get the idea that real entrepreneurs are hard chargers who never hesitate and do everything immediately. That’s not true. There are lots of successful entrepreneurs who are just like everyone else when it comes to getting going- sometimes it is harder than others. Sometimes it is really hard. The difference is that they…

Bookkeeping Help: Fixing Your Chart of Accounts

You can think of the chart of accounts as your accounting foundation, and a lot of people have foundation problems! The chart of accounts, or COA, is the list of places you can put your money. The goal for your COA is that it should be as detailed as you need to give you quality…