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5 Things You Can Do Before the Year Ends to Get a Tax Break

5 Things You Can Do Before the Year Ends to Get a Tax Break

As the end of the year approaches, small business owners need to be preparing for the year ahead. However, there are still some 2020 matters left to be taken care of—namely, your taxes. If you haven’t put much thought into your 2020 taxes yet, make sure you do so...

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Start Making Business Resolutions for 2021 Right Now

Start Making Business Resolutions for 2021 Right Now

Most people begin planning their New Year’s resolutions in the days leading up to December 31 (or even a few days after). But for small business and franchise business owners, New Year’s resolutions should be planned and prepared for. In order to reach success with...

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Is Your Business Prepared for Another Potential Pandemic Wave?

Is Your Business Prepared for Another Potential Pandemic Wave?

With the fall season underway, the threat of another COVID-19 wave has many small business owners on edge. Experts predict that colder weather and the holiday season could spur another increase in virus case numbers, potentially leading to stricter capacity mandates,...

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Keep Startup Costs Low with These 4 Business Ideas

Keep Startup Costs Low with These 4 Business Ideas

When it comes to launching a new business, one of the biggest barriers to entry is gathering the funds needed to get the business up and running. Startup businesses can get expensive quickly, between the cost of property, supplies, inventory, employees and more....

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What Can You Use ROBS for In Your Business?

What Can You Use ROBS for In Your Business?

A Rollover as Business Startup (ROBS) is a method of business capitalization that allows you to start your new small business or franchise debt-free and penalty-free using the funds you’ve saved for retirement. Although ROBS is a great funding mechanism for many...

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Why Franchises Fare Well in Changing Markets

Why Franchises Fare Well in Changing Markets

During periods of economic turbulence, some aspiring entrepreneurs shy away from starting a business because of the perceived risk in the market. However, what most people don’t consider is that franchises have the potential to perform well during recessions for a...

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Tips for Optimizing Payment Terms for Suppliers and Clients

Tips for Optimizing Payment Terms for Suppliers and Clients

Cash flow is crucial for a successful small business, but a few simple things can interrupt the cash you have on hand. One of these is the average payment terms you maintain between your business and vendors and your business and clients. Uneven payment terms can...

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