Are you telling your customers that you're cheap and don't pay your employees a solid base wage? If so, are you hurting your brand by allowing this? Carol Roth, a contributor to Entrepreneur hits all the points on this divisive US topic.
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Who doesn't love the personalities of the Shark Tank cast or the many unique business presenters on this weekly TV hit?
We all do, but what we love most about Shark Tank's expert panel are the varieties of approaches in analyzing the presenters, and then, as outlined here, how they go about due diligence. Meaning, how do they determine that the businesses are who they say they are. This (partial) quote from Barbara Corcoran caught our eye, "Sometimes the paperwork alone speaks volumes as to the kind of manager the entrepreneur will soon prove to be. There are no books kept for the business and the factual information is too difficult to get and impossible to discern...." Read what they all say about due diligence from Inc.com magazine: www.inc.com/brian-d-evans/the-entire-cast-of-shark-tank-weighs-in-on-what-matters-in-due-diligence.html?cid=sf01002&sr_share=facebook When you want to start your own business, something you really love to do, and you want to start it cheaply, then this is the article for you.
One thing they missed though; if you plan to hire any employees, you have to have a human resources plan. www.businessinsider.com/6-types-of-businesses-you-can-start-with-almost-no-cash-2017-1?amp “We may have a bumpy ride, but the US economy will not be derailed.”
The full story is here: http://finance.yahoo.com/news/goldman-sachs-private-wealth-management-2017-outlook-155126180.html If you're on the upward swing to this category, let's talk about your strategy and align your business properly to realize this kind of success. The Washington Post article brings this issue to the front of the new Trump administration after Obama's attempt didn't work out.
Hoping there won't be any partisan issues in streamlining the SBA. www.washingtonpost.com/opinions/the-sba-needs-reforming/2016/12/18/b639fc4c-c159-11e6-8422-eac61c0ef74d_story.html?utm_term=.07a360bbcbc2 TAX CREDIT!
Today we spent time in National City's Council Chambers at the presentation by Kristen Kane, the Deputy Director of California's Office of Business and Economic Development, "California Competes Tax Credit." This program, which is a true blessing for those who go for it, can empower and improve a small businesses standings with generous tax credits they apply for, IF they do three things: HIRE, PAY, INVEST. Read here for what it really means to the future of YOUR small business: http://www.business.ca.gov/Programs/CaliforniaCompetesTaxCredit This is exactly why we do what we do; to get you power in your position, to grow and thrive in your business!
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AuthorPrime Business Consulting Archives
March 2019
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