How to Identify The Core Character of Your Business
Let's continue our talk about how to develop a really great team. In our previous two videos, we talked about how important it is that YOU are the right person and that you have the prerequisites to good leadership and good management.
Business Leadership and Management: It's All About UWC
We're looking at how to develop a really great team, and we said it starts with you, starts with us, we who are in leadership and management. It's all about how we approach it.
Back to the Beginning: Why Leadership and Management Start With YOU
In just about every business, people are the best resource, and often the most difficult. We're going to take a look at how to develop a really great team, starting with the basics. The most fundamental thing to creating a really great team is YOU.
Buying Tax Deductions or Investing in the Future?
The economy goes up and the economy goes down. Interest rates go up and interest rates go down. Taxes go up and taxes go … well, up.
Recordkeeping Tips for Small Business
What are the record keeping requirements for my small business? Steve walks you through these requirements (and what the IRS…
Tips on How to Hire the Right Bookkeeper
What should you look for when hiring a good bookkeeper for your business? Hiring the most bookkeeping experience you can afford is only one of the tips that Steve…
Make the Most of Every Opportunity: Are You Fat & Happy or Lean & Mean
Many businesses that aren't "lean & mean" go out of business in today's economy. Stay on top of your competition so you don't lose your customer base.
What Can I Use as a Tax Deduction for My Business?
Steve is frequently asked: "Can you provide a list of tax deductions for my business?" Go beyond those "lists" and think about those expenses that might be unique to your business.
Member Managed LLC's - A Problem Waiting to Happen
It is important to control who manages the LLC and who can bind the LLC to an agreement. You want to limit the liability that will incur with the members interacting with the public. All members will be liable for any mistake that may be made on behalf of the LLC.
How to Use your iPad to Make Videos the Easy Way
It is really simple to use an iPad to make videos for your business. You can utilize iMovie and record videos for your business.
LLC Operating Agreements - Why You Need One
Having a well formed operating agreement for your LLC is important. This outlines who the members are, what the percentage of interest…
What Makes a Good Manager?
Do you define a manager only by the tasks for which they are responsible? Steve explains that HOW a great manager accomplishes tasks with their team is far more important than the tasks themselves. A good manager employs servant leadership to encourage and orchestrate the tasks completed by the team.
Mentoring Helps Ensure Success of Succession Planning
Many times, succession planning involves selling to an employee group or family member. Because this often means seller financing, it's important to develop your management team so that they can take over even before you step aside to ensure the long term success of the business.
Anticipate your Business Strategy with a Buy Sell Agreement
100 percent of businesses end at some point. If you have one or more business partners, start the relationship with a business prenuptial - a buy-sell agreement - as part of your exit strategy for your business. Steve hits some of the important aspects of a buy-sell agreement as a good business strategy.
Focus on Your Strengths to Maximize Productivity
Understand and focus on your Strengths to maximize your productivity and satisfaction. Don't waste time working on tasks and projects that frustrate you and bring you no enjoyment. Instead, learn more about your own strengths and focus your efforts in those areas.
Stop Hiring and Start Auditioning to Find the Best Candidate
Steve explains how auditioning can work for your business by ask each of them to "audition" with a small project. This gives you tremendous insight into how each candidate…
An LLC Helps Shield You From Liability
One of the greatest benefits of forming an LLC is its Limited Liability. Use an LLC to help shield yourself from liability with smart business decisions…
Consider Three Main Traits When Hiring
Steve shares tips for uncovering these three traits during the interview process.
Understanding Due Diligence An Integral Part of Selling Your Business
Wise buyers insist on a detailed due diligence process to make sure that the business is a wise investment. Wise sellers anticipate this and gather this due diligence information prior to listing the business. Work with your attorney or other advisor to anticipate the buyer's requests and put this package together ahead of time.
Help your Buyer Finance the Purchase of your Business
Do your best to avoid seller financing when selling your business. Look for ways to help your buyer to close the transaction and give you cash. Steve offers some ideas to help you find those financing opportunities.