The past couple of years have forced business owners to contend with numerous challenges. Taking proactive measures to strengthen management practices and key relationships has helped businesses withstand tough times. Here are some ways that businesses have persevered...

The economic situation can change greatly during the lifespan of your company. A business plan can help ensure that you adjust to new developments. The Houston Chronicle says that studying the market can be a good business strategy. However, this requires you to...

Traditional banks typically turn down loan applications from new businesses that lack an operating history or satisfactory credit score. As a result, many Louisiana startups never develop beyond an idea. Fortunately, these alternative financing options can help your...

When you start a new business endeavor, you may want a partner to share the operational and financial responsibilities. While choosing the right person can support success, selecting the wrong partner can potentially result in conflicts. Keep these considerations in...

According to the IRS, a closely held corporation limits its shareholders to just a few individuals, often less than 35. Generally, at least half the shares of a closely held business must be under the ownership of no more than five people. Review the pros and cons of...

As a business owner, you know that you cannot oversee and manage your operation forever. At some point, you will have to pass your business over to someone else and hope that your operation continues to thrive. The U.S. Small Business Administration states that as of...

With the new year comes new goals.  If this year’s goals involve starting your own business, growing your existing business, or ensuring that your existing business is reaching its maximum potential, there are several important decisions that you will need to make....

Business dealings are often highly complex, and unless you take steps to avoid conflicts and misunderstandings, you run the risk of potentially finding yourself embroiled in a contract dispute. Contract disputes, while common, are also typically costly and...

As an employer, there are many employment laws that you must follow. If you make a mistake, it can cost you dearly. One area in which you do not want to misstep is wages. Your employees will have no trouble with confronting you about any wage issues they have. The...

Many people dream of starting their own company. Still, very few of those people pursue their passion because starting a business is incredibly challenging and requires a significant amount of time and money. Luckily, there are ways to reduce the challenge and make a...