3 Common Mistakes that Can Cause a Small Business to Fail

3 Common Mistakes that Can Cause a Small Business to Fail

It takes some degree of comfort with risk to even launch a small business in the first place. To manage your business well over the years, you must balance minimizing risks to your company with introducing a product or service to the marketplace. You must also price the product or service you offer to be …

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A Living Trust is an Estate Plan with Advantages

A Living Trust is an Estate Plan with Advantages

It’s no easy task to build a large savings account and accumulate other assets during your working years. As you near retirement, you would like to ensure that your hard-earned money goes to the people you choose and not to a government agency. However, this won’t just happen automatically. You need to engage in some …

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What is Identity Theft? (And How to Avoid Becoming a Victim.)

What is Identity Theft? (And How to Avoid Becoming a Victim.)

Thieves are getting more sophisticated every day.¬† ¬†They are getting more adept at taking over another person’s identity in order to make financial transactions and stick them with the bill. While there will always be those that dig through trash bins looking for financial information someone has thrown away, other identity thieves rely on high-tech …

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Pitfalls to Avoid in a Start-Up Business

Pitfalls to Avoid in a Start-Up Business

Mistakes are par for the course when starting a business and can actually help you become a better business owner in the future. Unfortunately, they can also be financial disasters and hurt your pride. By learning from the mistakes of other new business owners who now have established businesses, you can reduce your learning curve …

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Ingredients of an Effective Contingency Plan

Ingredients of an Effective Contingency Plan

As a small business owner, it can seem like you are constantly in planning mode. Planning for the next quarter, advertising, acquiring new employees, and product procurement are just some of your many duties that require a focus on planning. With all that you already have to do, coming up with a contingency plan for …

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4 Steps to Minimize the Effects of Rising Inflation

4 Steps to Minimize the Effects of Rising Inflation

Now that the United States has enjoyed a healthy economy and job growth for several years, it can be easy to overlook the possibility of rising inflation or even another recession. To stay one step ahead, it’s important to pay close attention to the actions of the Federal Reserve. It has already indicated that it …

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3 Big Mistakes that Lead to Small Business Failure

These 3 Big Mistakes Lead to Small Business Failure

Perhaps you have heard the statistic that 50 percent of new small businesses fail within the first two years of operation. The Small Business Association (SBA) states that the figure is only 30 percent. However, it does jump to 50 percent by five years and nearly two-thirds of small businesses close within 10 years. If …

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How Interest Rates Impact the Stock Market, Ripple Effect on U.S. Economy

How Interest Rates Impact the Stock Market, Ripple Effect on U.S. Economy

As a small business owner, you know that numerous factors influence the economy. The stock market and federal interest rates are just two examples. Imagine for a moment that the Federal Reserve changes interest rates on the first day of next month. It wouldn’t be long before that change trickled down to the rest of …

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