For the love of your business

Articles to LIFT Your Life and Business

4 Big-Time Benefits of Effective Business Systems

From payroll and project management to invoicing and inventory, business systems are vital to your organization’s efficiency and sustainability. Without effective systems, your team is likely to become bogged down by the countless small tasks they must complete on a daily basis just for your business to function. While many basic processes may not seem […]

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Friends With Benefits: Navigating Employer-Employee Friendships—Part 2

In the first part of this series, we offered three strategies to help you successfully navigate employer-employee friendships. Here, we continue with the final four.  Developing close bonds with your employees is all but inevitable. Indeed, being friendly with your team members can make the job more rewarding and enjoyable for everyone. But there’s a […]

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Friends With Benefits: Navigating Employer-Employee Friendships—Part 1

Because we spend so much of our lives working, it’s practically guaranteed that you’re going to develop close bonds with your employees. And this is a good thing. Having a friendly relationship with your team members based on mutual respect, care, and concern can make the job more enjoyable for everyone—and even boost performance and […]

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What is “private inurement,” and can it affect my business?

Q: What is “private inurement,” and can it affect my business? -Concerned A: Dear Concerned: First off, private inurement is something that only applies to nonprofits, so if you own a standard for-profit business, you won’t be affected. If you do run a nonprofit or are thinking of starting one, read on. The IRS stipulates […]

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4 Questions to Ask Before Investing in a Franchise

If you’ve always dreamed of starting your own business, but find the idea of building an entire operation from scratch too daunting, you might consider investing in a franchise. Since you’re getting an already proven business model and brand, purchasing a franchise can make the start-up phase quite a bit easier. In addition to getting […]

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8 Items to Include in Your Employee Handbook

If your company has (or plans to have) employees, you should definitely create an employee handbook. Handbooks ensure that employees are not only aware of your rules, but also the federal and state laws governing their employment. You can use the handbook to introduce your employees to your company and its culture, explaining what’s expected […]

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4 Legal Landmines to Avoid When Launching a Business

The whirlwind of excitement and activity surrounding the launch of a startup can feel overwhelming. You’re so focused on managing the day-to-day logistics of getting your business up and running, you often don’t have time to focus on the bigger picture. Because of this, it can be easy to overlook some perilous legal pitfalls that […]

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How to Save Big Money on Your 2018 Taxes—Part 2

In the first part of this series, we discussed the initial steps to take to save big on your 2018 taxes. Here, we continue with the next steps in this process. Taxes are a thorn in just about every entrepreneur’s side. Indeed, taxes are your single biggest business expense. Fortunately, it’s fairly easy to reduce […]

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How does estate planning help my business?

Q: How does estate planning help my business? -Curious Company Owner A: Dear Curious Estate planning is absolutely crucial for business owners. When you die or if you become incapacitated, not having a plan can not only be disastrous for the company, but also cause major expense and conflict for your family. Your plan will […]

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How to Save Big Money on Your 2018 Taxes—Part 1

Realizing that your biggest personal and business expense, bar none, is taxes can be quite a shock. Indeed, seeing so much of your hard-earned money end up in the government’s hands can feel like a shakedown. Fortunately, focusing just a little time and effort on strategically reducing your taxes can pay huge dividends. The first […]

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The Dirty Little Secret of Business Ownership No One Wants to Talk About

As an entrepreneur, you’re no doubt extremely talented and driven when it comes to your core product or service. Whether you develop smartphone apps, provide healthcare services, or brew craft beer, without a high level of confidence and passion for your particular trade, you probably never would’ve gone into business in the first place. On […]

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