If you’re planning to start your own business for the first time in midlife, you may want to find a small business mentor. Research shows that 70% of mentored small businesses survive past the five-year mark — nearly twice the rate of non-mentored businesses. Finding the right mentor can prove invaluable for the long-term success
Small businesses don’t get the credit they deserve. With National Small Business Week upon us, it’s time to put the spotlight on what can help them succeed. Small businesses are a major driver of progress and innovation, accounting for 44 percent of U.S. economic activity. They are our neighbors – the baker, the builder, the
Preparing financially for retirement can be complicated for anyone, but for small business owners, the process often poses even more challenges. Teachers, police officers, firefighters and other government employees generally receive a pension. The corporate world can offer benefit plans or matching contributions. But entrepreneurs can’t automatically rely on any of those features; instead, they
If you’re like most new business owners, you probably took the risk of starting your own business because it’s a lifelong dream or passion. The thing is, most business owners often forget that it takes money to make money – especially when you’re just starting out. There are many overlooked costs. Sometimes these expenses are
Most startup and emerging small companies are fairly unconcerned about human resource functions in their company. In fact, some entrepreneurs have a sense that human resources are all about strict guidelines, red tape, and ridiculous rules enforced by the HR Police- all things that could impede the growth and dynamics of a fast-growing company. However,
Protecting against a domino effect Business tenants who want to protect their leasehold estate may purchase title insurance. Generally, this is accomplished by an owner’s policy combined with the ALTA Endorsement 13-06. That’s the coverage combination, along with other applicable endorsements as requested. Referred to as the Leasehold-Owner’s endorsement, the ALTA 13-06 articulates protections