You’re not alone if you inherited the family business with no formal succession plan in place. About 64 percent of family companies don’t have a written succession plan, while another 19 percent have one “in progress.” Use these tips to find your footing after you’ve suddenly inherited the family business.
Small business owners are overwhelmingly optimistic: 69 percent of respondents reported feeling optimistic about the next six months for their company.
What can you do to prevent harassment from happening at your workplace?
If you operate your business as an LLC or corporation (depending on the state in which your company is registered), you may need to publish an annual report to keep in good standing with the state.
An explanation of franchising vs. licensing, with advantages and disadvantages of each to help entrepreneurs make wise business decisions.
Through the years, I’ve learned a lot about sourcing goods and materials from overseas. While it does take some finesse, I can tell it you that it’s well worth the effort.