3 reasons you should run your family like a business

3 reasons you should run your family like a business

If a business owner said to you that they run their business without a budget, what would you think? You’d think they were incompetent. Or perhaps lazy? Or both?  But what do most families do? When you think about it, a family is actually a mini business. There is income, there are expenses and there …

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Business owners: How to eliminate the administrivia of saving and filing receipts

Business owners: How to eliminate the administrivia of saving and filing receipts

They say only two things are certain in life: death and taxes. For a lot of people, there’s also a third certainty in life: the pain of keeping track of every receipt when it’s time to do the taxes. How many times has your bookkeeper or finance manager asked you for a receipt (that you …

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Why some business owners lose their home (and some don’t) when business goes bad

Why some business owners lose their home (and some don’t) when business goes bad

As a business owner, there are plenty of things you need to manage, and two of the most important of these are assets and risks. In other words, building your wealth and protecting your wealth. There’s no point building a lot of wealth if the way you have things structured behind the scenes means that …

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Building a new business? Success starts with the right business structure…

Building a new business? Success starts with the right business structure…

Regardless of the industry you’re in, the way you structure your business will have ramifications long into the future.  From the amount of tax you pay to the administrative load and your level of personal liability, the consequences of your decision can be serious; and they may have a profound influence on the success of …

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