As the April 15 personal tax deadline looms, you’re likely overwhelmed with short-term concerns about your business budget and your personal finances. You should also be considering two crucial longer-term questions: What are you saving for retirement, and where are you saving it? Continue reading
We have a number of people who come to the CBI for help in buying a business or to start their own business. Sometimes it’s a short conversation when they come looking for the grant money they believe we have. We don’t have grant funds or grant applications to buy a business or start a business. We don’t have access to a pool of investors who loan money without a sound business plan, or know of any that will loan 100% of the cost of a business even with a great plan. Continue reading
“If you sold your business today what would it be worth?“.
Chances are the number you have in your head and the number a buyer is willing to pay for your business are not the same. The means to bringing those two numbers closer together isn’t magic…it’s in long-term planning. Continue reading
Thomas C Corley studied the daily habits of hundreds of wealthy people in preparation for his book Rich Habits – The Daily Success Habits of Wealthy Individuals.
Corley’s definition of wealthy people is those earning at least $160,000 annually and owning assets of at least $3.2 million.
Some of the characteristics Corley identified of the wealthy include: Continue reading
Many of our clients are making the commitment to network more this year to help get the word out and grow their business. A quick review of what not to do may help make this year’s networking lead to greater results.
Upstart Business Journal posed this Up Take and question. The responses that follow are from entrepreneurs regarding their networking experiences.
The UpTake: Networking events are an opportunity to build future relationships, not sell your product and life story. It only takes two to form a healthy business relationship, so don’t waste it by dolling out business cards after saying “hello.”
Question: What’s one common networking mistake or turnoff that you see business owners make? Continue reading
It’s fair to say that at the Cumberland Business Incubator we do “something different every day.” As examples, a few things that have occurred recently: Continue reading
No, I’m not suggesting you ignore a quarterly marketing plan, annual financials or your annual business plan, but realize that it’s important to run your business one week at a time as well. Here are a few keys to success that need to be done weekly: Continue reading
I’ve had a number of conversations with clients recently about exit strategies. Knowing what you want out of your business every day is always good, and knowing what you want out of it at the very end is something to spend time and thought on. Continue reading