How to Prepare for the Next Market Downturn as a Small Business

How to Prepare for the Next Market Downturn as a Small Business

Economic downturns affect everyone, but small businesses may take a bigger hit than larger companies. Operating on narrow margins with a limited customer base, small businesses have an inherent vulnerability. Even a small decline in revenue or increased expenses can cause the company to go under. These issues may be avoided through diligent preparation for the next shift in consumer behavior. By paying close attention […]

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Improve Your Decision Making: Know Your Numbers

Improve Your Decision Making: Know Your Numbers

Most business owners and managers have a good feel for their business and industry. Gut feel and instinct are important, but the true pulse of a business is in its numbers. Here’s how knowing them improves your decision making. Improved Planning and Forecasting A retail manager probably knows without looking at any reports that their sales go up before the holidays. But exactly when do […]

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Alternative Lenders vs. Banks

Alternative Lenders vs. Banks

In recent months there has been an influx of startups that offer alternative sources of financing. Marketed to small businesses and individuals, these alternative lenders exist largely online and promote a quick application process. While these companies may provide access to funds for those who may otherwise face denial from banks, they typically offer different terms which clients may or may not find favorable. That’s […]

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Business Bots: Robotics Process Automation in Finance and Accounting

Business Bots: Robotics Process Automation in Finance and Accounting

The Terminator is back! – Not really, but, stemming from artificial intelligence, robotics process automation is now a transformational tool driving the future of business and the digital ecosystem. It doesn’t actually involve physical robots sitting at desks, either — RPA enables software robots to mimic and automate business professionals’ repetitive tasks, allowing for redirected focus to value-generating activities and increased worker productivity. They are […]

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Supreme Court Tax Ruling: States Can Force Online Retailers to Collect Sales Tax

Supreme Court Tax Ruling: States Can Force Online Retailers to Collect Sales Tax

Online retailers have long had a distinct advantage over brick-and-mortar shops: they don’t charge state sales tax. A new Supreme Court tax ruling, that passed late-June this year however, means that is about to change. By reversing a 1992 judgment that prohibited states from mandating online retailers to impose sales tax unless they had a physical presence in the state, the court has essentially opened […]

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What is an ICO? Is it Better Than Raising Venture Money? Is It Better Than an IPO?

What is an ICO? Is it Better Than Raising Venture Money? Is It Better Than an IPO?

Startup funds are essential for any new entrepreneurial endeavor, but raising those funds comes with trade offs. ICOs are newer and come with a long slate of unknowns. For some startups, however, it might be the best way for them to get an influx of much-needed cash. The turbulent track record of ICOs, however, demonstrate it is not always the ideal route for funding. What […]

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New Tax Law: Meals & Entertainment

New Tax Law: Meals & Entertainment
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Quick Refresher on R&D Credit

Quick Refresher on R&D Credit

Ever heard of the R&D tax credit? Maybe, maybe not, but it’s a very useful tool to know about as an entrepreneur while you contribute to the transformation of an ever-growing corner of the market. The R&D tax credit is specially designed to assist and reward all companies that engage in technological innovation – the creation of new ways to test, analyze, and design product […]

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Your Partner During Highs & Lows

Your Partner During Highs & Lows

Transcript Jonathan Gass:               Awesome, well welcome back everybody to another founder sessions. We’re here this time with my friend Jeff, who is an entrepreneur in the cannabis space. I’ll let him intro himself more to talk in more detail about it, but we’re just overall really excited to have this conversation. Jeff, I know that we had an event in this space, now it’s […]

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Growing (the) Cannabis (industry) + 5 Tips for Cannabis Entrepreneurs

Growing (the) Cannabis (industry) + 5 Tips for Cannabis Entrepreneurs

Over the past few years alone, a handful of states has legalized the use of marijuana for a number of uses. Some states, such as Colorado, have begun allowing marijuana use not just for medicinal purposes, but for recreational adult use as well. Other states continue to allow medicinal use only, and only with the use of a prescription-based medical marijuana card. With all these […]

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