Analysing Your Business

One of the most common ways of reviewing your business and determining your future strategy is to undertake an analysis of your strengths, weaknesses, opportunities and threats. If you are to continue to prosper you need to take time to reflect, exploit strengths and opportunities and respond to your opportunities and threats.

How to Write a Business Plan

Do you want to start a business? Great. Have you got a plan? If not, your business is just a dream. Banks and lending institutions look closely at your business plan when they decide whether to lend you money.

Opening A Dollar Store - Location Cannot be Ignored

We have all heard that location is critical to success in the retail trade. If you are considering opening a dollar store know that those who make that claim are correct. A poor location can create so many problems that it may be impossible to successfully operate a business. Likewise a great location can help to cover for other problems and downfalls that occur in a business.

Your Workforce And Your HSA Program

Will your employees be able to take advantage of your company's Health Savings Account Program? Good question. Because the plans are cost effective and flexible tools for controlling health care related expenses, HSA's are playing a major role in changing the way workforce managers every deploy corporate health care dollars. However, I am sorry to say, Health Savings Accounts aren't exactly simple.

Conducting Risk Assessment

A Risk Assessment is identifying, analyzing, and weighing all the potential risks, threats and hazards to the business’s internal and external environment.

Is Your Business Model Healthy?

But what if all the hard work you are currently doing is not necessarily the most effective way to grow your business?

How To Maximize The Value Of Your Business

You are contemplating on selling your business and want to understand how best to maximize the value of your business. You might have heard from your industry contacts that some businesses similar to yours sold for 3 times EBITDA and some others sold for 6 times EBITDA. This variation could mean a difference of several million dollars in take-home! What makes this variation possible? How can you get the best value for your business?

Selling Your Business - It's More Than The Price

Every seller of a business wants the best price, but most fail to look at other considerations which can lead to seller's remorse, tax issues and other problems. Formulating a good strategy for your sale is critical to the success of your transaction

Gap Analysis - Peeling Back The Layers

A gap analysis will enable you to identify, highlight, and understand the key differences between an organization's current state, and future state; essentially the gaps between where they are, and where they want to be.

Will Your Family Owned Business Survive You?

Small businesses are the backbone of the economy and most are family owned. Despite these large numbers, the sad fact is the vast majority of family owned businesses do not survive the first generation of owners.

Help With Your First Invention - Provisional Patent Application

Purpose of Provisional Patent Application, its benefits and drawbacks. Provisional Patent Application allows inventors to start patent process without incurring the high cost of patent lawyers. However, because Provisional Applications are simpler to complete then the Regular Patent Application, it doesn’t mean that inventors should take them lightly.

Planning to Pass Your Business on to Family Members

Families run the vast majority of small businesses. The question is whether these businesses will survive the first generation of owners.

The 3 Critical Business Plan Segmenting Areas

You must segment the business plan market to understand the environment where you will compete. Discover three critical areas you will cover and become familiar with the questions that lead to segmenting the market.

Financial Scheme of Refco Scandal

This article provides a scheme that was used in Refco company and that lead to its collapse. It gives detailed list of crash events.