As your business grows, the likelihood that you will be able to continue to “do it all” and still expand are slim. At some point, you have to add additional staff. However, determining if it’s a sound financial decision may be a little more difficult. After all, you want to ensure that you will receive a positive return on investment…
Peter Drucker, the legendary management consultant propagated the principle of management by objectives during early 50’s. Stated simply, management by objectives or MBO, means the organization should be objective oriented and not activity oriented. In other words, MBO ensures that all the people in the organization are aware of organizational objectives and have aligned their personal objectives with the larger…
A recently commissioned Gallup poll found that small business owners use an average of $10,000 to start their businesses. The survey showed that 73% of business owners surveyed primarily funded their businesses with their own personal savings. Thirty-seven percent obtained loans and lines of credit. Of no surprise was the that more than half of those surveyed (53%) said they…
When a small business is started, the major discussion outside the small business owner’s circle hovers around one point – when this business will close down? General perception about small businesses is that more than half will close down within an year or two. While this failure rate is debatable, the reality may not be much different from this perception. …
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DBA – it is just for doing business under different name. You will use DBA in case you want to use different name than your regular company name. For example your company name is ABC, Inc. and you want to business under: Nevada Services, Inc. (then you file Nevada Services as your DBA) State Business License is something every company…
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