Business is Warfare, Not Competitive Friendships

Business is Warfare, Not Competitive Friendships

Bookkeeping

SUMMARY A business owner using Amazon’s fulfillment services blamed increased fees for his company’s bankruptcy, highlighting that entrepreneurship is not for the faint-hearted. Leveraging Amazon’s vast logistics and customer reach can be beneficial...
Navigating a Partner’s Exit

Navigating a Partner’s Exit

Bookkeeping, CFO

SUMMARY When a partner exits a company, careful planning and consideration are crucial for a smooth transition. Key factors include a clear buyout agreement, accurate valuation of the partner’s interest, and assessing the financial impact on the company. Legal...
Successful Business Partnership

Successful Business Partnership

Bookkeeping, CFO

SUMMARY Entering a business partnership requires careful planning and clear agreements to ensure success. Key elements include a comprehensive partnership agreement, defined roles and responsibilities, and a transparent equity structure. Financial contributions,...
What is a 7 (a) Loan?

What is a 7 (a) Loan?

Bookkeeping, CFO, SBA, Small Business News

SUMMARY The Small Business Administration (SBA) is launching a new 7(a) Working Capital Pilot Program, designed to provide small businesses with a more flexible line of credit compared to traditional term loans. This program will offer a newly structured line of...
How Compliance Contributes to Growth

How Compliance Contributes to Growth

Bookkeeping, CFO

SUMMARY Microsoft’s commitment to regulatory compliance, particularly in data privacy, cloud services, and cybersecurity, has significantly contributed to its growth. By obtaining comprehensive certifications and adhering to global standards like GDPR, Microsoft...