Once small business owners have secured start-up funding and composed a business plan, the next step is building a client base. Getting the first client is critically important, because it proves out the business model and presents growth opportunity.
What sets successful leaders apart is their ability to push through challenges and see mistakes as learning opportunities. Jodi Bailey Gill, president of marketing consulting firm The Experts Bench, discusses how to make the best of those inevitable letdowns.
Of the 27 million small businesses in the U.S. today, 80 percent of owners fall into the small business owner category, 15 percent are passionate owners and just five percent are true entrepreneurs. What type of owner are you?
How to use Employee Stock Option Plans (ESOPs) for a specific goal: transition to a new management team, increase employee participation, create owner liquidity, or add leverage to the company at favorable tax rates.
With the time to sell a business averaging from 6 to 12 months, the transition plan for your business is imperative to the success of the sale—see the steps necessary to formulate your transition plan.
When a fire broke out at its headquarters, Motir Services lost a lot: government certifications, intellectual property and the office they called home. They decided to rebuild, and turned to SunTrust to help them come back stronger.
Use your payroll management system to help distinguish between employees and contractors. The system can automatically take care of tax deposits and filings, as well as supply year-end tax forms for both types of workers. To learn more, click here.