Take Smarter Risks

If you don’t ever take any risks, you won’t get anywhere. But you also can’t take too many risks, acting too rashly. Every small business owner needs to take a smart approach to taking risks, balancing the potential benefits with the potential costs, both of taking action and not taking action. By building a thorough […]

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Consultant’s Corner: Business Entity Selection

Question: “How should I go about choosing a business entity type?” Many small businesses are structured as unincorporated sole proprietorships and General Partnerships due to their formation and maintenance simplicity and costs; however, the primary disadvantage with a sole proprietorship or General Partnership is that it is not a separate legal entity, even when it […]

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Do You Know the Most Common Workers’ Comp Claims?

Certain industries experience common workers’ compensation claims. Knowing these common claims in your industry is the first step to taking active steps to improve safety and reduce risks for your employees. Read this article, and the other articles in our series on workers’ compensation insurance, for a better understanding of some of the most common […]

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Consultant’s Corner: Home-Based Business Insurance

Question: Would our homeowner’s insurance cover the entire inventory of our home-based business, or do we need additional insurance? In our experience, it is unlikely that your existing homeowner’s insurance policy covers any of your business assets or liabilities, particularly significant amounts. You would have to speak with your homeowner’s insurance agent to determine if […]

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Watch Out for Ethical Violations!

The last thing you want is for your business to make headlines for unethical behavior. Take proactive, preventative steps to keep everything above board and above reproach. Our blog team takes a look at some warning signs of possible ethical violations, and positive steps you can take to stop or prevent these problems, including harassment, […]

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The Downsides of the No-Debt Badge of Honor

Many business owners avoid debt like the plague. Ami Kassar, author of The Growth Dilemma, refers to it as the no-debt badge of honor. And avoiding debt has its benefits, but it also has its downsides, and you should take your time to think through any decision you make about financing your business. I recently […]

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