Author: Administrator
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The problem with peer-to-peer lending
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Mark Gimein has an important story today about Prosper, which is required reading for anybody — myself included — who has some hope about peer-to-peer lending helping to disintermediate banks and get credit flowing again to individuals and small businesses. Prosper was one of the first companies to market…
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Should I File For Bankruptcy?
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Many people have turned to bankruptcy as a solution to their financial situation. Whether to stop a foreclosure on a house, a repossession of a car or a wage garnishment, bankruptcy can provide a fresh start and allow you to rebuild your credit and get back on a healthy…
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50 Types of Trusts
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Trusts can be established for a wide variety of purposes, and some types of trusts have more than one name. This issue provides brief descriptions of 50 trusts. The use of trusts has increased during the last 30 years as taxpayers attempt to nurture and preserve financial wealth for…
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4 Tips for Efficient Succession Planning
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One of the most common leadership development questions that I hear from executives is, “Why does succession planning feel like such a waste of time?” I do a lot of work on executive coaching and succession with my good friend, Jim Moore. Jim is the former CLO of three…
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Determining the Value of Your Business
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There are many approaches to take in establishing an accurate valuation for your business. Finding the best method for your situation will provide you with the best measure of value. Read more about Exit Strategies/Selling Business » You’ve examined your company’s historical financial statements, thought carefully about your prospects…
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Why You Should Outsource Bookkeeping Services
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Businesses choose to outsource for a variety of reasons, the first of which is to reduce operating costs. Another reason can be to free up internal resources to be used for other purposes, and thus run the business more efficiently. An additional reason for choosing to outsource, is that…
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How do you know if you have a good accountant?
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First, we need to remind ourselves that all accountants are not alike. For example, taxes are so complicated that no one can master them all. In tax prep, knowledge is king. However some accountants are reluctant to claim deductions or credits they KNOW their client is entitled to because…
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This One Equation will Change Your Life
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If there were an eighth wonder of the world, we’d nominate the equation compound interest : Your money x (I + i)^n. (If you’re not a math geek, don’t worry; were going to decipher that for you.) Albert Einstein (or maybe it was Yogi Berra) called this deceptively simple…
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Franchising Your Business
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Bill Nelson, Franchise Development Group, bnelson@franchisedevelopmentgroup.com What is franchising? Franchising is a strategy for the growth and expansion of a business, in which the franchiser licenses to the franchisee, for a period of time, the trademark, operating & business plan and other proprietary information. Why Franchise? In…
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Accelerator vs. Incubator: What’s the Difference?
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The terms sometimes get used interchangeably, but they’re not the same thing. And that matters if you’re thinking of applying. If you’re interested in getting your start-up into an accelerator or incubator there’s no shortage of options. But these terms sometimes get thrown around interchangeably. Do you know the difference…