Anyone who owns or is thinking about opening a restaurant should familiarize themselves with the Southfork Kitchen story, and use it to guard themselves against failure.
Over the weekend I had a very pleasant conversation with a stranger on a plane, smart person, pushing to start a business, and yet also making his life way harder than it should be, and way more stressful, over the apparently frightening and loathsome phrase “debits and credits.” Come on, this isn’t that difficult. If you [...]
I’m going to offer a few alternatives to tools and services that are the cause of countless business headaches. All of these tools are made to help you work faster and think about what you’re working on rather than how you’re doing it. Revising Documents by Email Some of the greatest headaches I’ve experienced in [...]
I just read J.D. Roth’s A Quick Guide to Crafting a Budget on Entrepreneur.com. Although I think he’s aiming mostly at personal budgets, there’s a lot there that applies very well to business budgeting and the business planning process that every business can use. The difference between the basic numbers in a useful business plan and [...]
According to the IRS, each year millions of taxpayers overlook deductions and credits resulting in overpaying their taxes. Here are seven tips so you won’t become one of the statistics. Section 179 Deduction. If your business acquired assets in 2011 either through a lease or by purchasing them out right, you may be eligible to [...]