In this section, you can learn the basics of business.

February 7, 2020

What Should Be in a Great Business Plan – A Financially Simple™ Guide

For many, the process of creating a business plan seems daunting, but that doesn’t have to be the case. We’ve outlined it for you. We’ve combed through numerous journals and reports on the SBA’s website, learned during the receiving of our many business certifications, and experienced what works in the real world through our years of working with business owners. We know what needs to be in a good business plan. Use your business plan as you create your company, restructure your company, or do a yearly review within your company to increase revenue and company cohesiveness. 
June 21, 2019

49 Surprising Small Business Tax Write Offs You Might Be Able to Take

For many people, especially business owners, taxes are the primary erosion of your wealth. Taxes are a significant expense you pay from your income. However, the IRS has written an unbelievable book that gives you thousands of ways to reduce your tax liabilities. In fact, Chris Mahan, one of the principals at Mahan and Associates Tax Firm, says that “the Internal Revenue Code is the greatest wealth creation tool currently in the United States.” Sure, the Internal Revenue Code outlines what taxes you must pay. Yet, most of its content shows you ways to avoid paying taxes. So today, I want to dive into the IRC. I want to give you 49 surprising and possible tax write-offs for small business owners.
May 2, 2019

When is the Right Time to Sell Your Business? The 3 Determining Factors

Recently a prospective client asked me, “Justin, how will I know when is the right time to sell your business? Is it really possible to know?” Looking around right now we know the real estate market is up. Stocks are booming. This perhaps also encourages you to ponder the sell of your business. Determining your answer isn’t cut and dry. It needs to be broken down into a couple of different areas helping you answer your perfect time.
April 16, 2019

How to Avoid Lawsuits and What to Do if Your Business is Sued

The word ‘lawsuit’ can make the mightiest of business owners, shrink to the fetal position in a dark corner. Whether you are being sued for breach of contract, wrongful termination, discrimination, malpractice, harassment, misappropriation of funds, or any other reason, lawsuits can wreak havoc on your business. Therefore, let me walk you through ways you can mitigate your lawsuit risks. 
April 5, 2019

Employee Contracts – Everything You Need in These Essential Agreements

Many employers use contracts with employees to protect their business interests and their trade secrets. Yet, more than that is at stake with these agreements. Employee contracts also protect the value of your business if you want to sell it in the future.
April 3, 2019

3 Simple Ways to Build Financial Stability in a Small Business

Why are you trying to grow the value of your small business? Well, maybe you want to sell it at some point in the future. Or maybe you want to merge it or go public with it. Maybe you’re looking for investors. Whatever reason you have, the idea is to reach maximum value growth within your company. Yet, no one will find any value in your company if your company isn’t financially stable. Inevitably, your company’s financial volatility or stability serves as an external indicator of the business’s health and well-being. So just how do you build financial stability in a small business?
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