Tag: Ten Fatal Mistakes

Ten Fatal Mistakes Business Owners Make – No. 9: Failure to Set Up Reasonable Restrictive Covenants

Every evening at closing time, your employees walk out the door with your company’s most prized possessions – your intangible assets.  If everything goes as planned, they bring those assets back the next day intact. Intangible assets account for more than 75 percent of the value of a publicly traded company; for smaller companies, that amount may be even …

Ten Fatal Mistakes Business Owners Make – No. 8: Failure to Follow Prudent Employment Practices

You started your business because you had a passion for providing valuable services or products.  As your business grew, you added employees to strengthen your business and enable you to better serve your clients. Every time you add an employee, the challenges of operating a business increase exponentially.  The dynamics of your company change with …

Ten Fatal Mistakes Business Owners Make: Nos. 1 & 2 – Corporate Formalities

In a recent post, I outlined the Ten Fatal Mistakes that Business Owners Make. The first two mistakes are related, dealing with corporate formalities. Avoiding these two mistakes is fundamental to the success of your business. Mistake No. 1 – Failure to Set Up a Proper Business Entity Starting your business is an exciting event …

Ten Fatal Mistakes that Business Owners Make (And How to Avoid Them)

Running a successful business is hard work in any economic environment. Competition is fierce. Technological developments come at you at an increasingly faster pace. Your products and services require constant development and improvement. Staffing issues, bookkeeping, marketing, scheduling, planning, and managing. Whew! You have more to do than reasonably can be accomplished in a busy …

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