Managing Risk for Your Business

What is Business Risk? In a nutshell, business risk is simply the chance of falling short of your financial goals. A somewhat more elaborate definition of business risk would be something closer to the potential…

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How To Qualify Leads and Get More Sales

Why Focus on Lead Management? Regardless of the size of your business there is one thing that we all want: more sales. In order to do this we have to get better at two vital…

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Strategic Planning and Execution

What is Strategic Planning? Strategic planning can be defined as “an organization’s process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy.”(From John Bryson’s Strategic planning for…

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Guide To Business Structures: Corporations

What is a Corporation? A corporation is a business structure where the firm is its own entity and owned by stockholders. Three key concepts related to corporations is that they are legally distinct, provide liability…

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Guide To Business Structures: LLC

What is A Limited Liability Company? A limited liability company can be thought of as a sort of stepping stone between the worlds of incorporated and unincorporated businesses. An LLC is somewhat more costly to…

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What is a Partnership in Business? A partnership is a business structure in which two or more individuals agree to go into business together without forming a separate business entity. This is a relatively simple…

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Guide To Business Structures: Sole Proprietorships

What is a Sole Proprietorship? Of all forms of business structure the sole proprietorship is the simplest. The simplest definition of a sole proprietorship is a business owned and legally indistinguishable from one individual. To…

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What Is A Non-Profit Organization? In business schools all across America there is a common refrain that the purpose of a business is to create as much value as possible for shareholders. Perhaps this is…

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