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Building Value vs. Generating Sales

Most small business owners focus on generating sales. After all you need income to survive. But there is another extremely critical function only the business owner can address, and that is building the value of the company, by which I mean the company’s protected competitive advantage. Consider potential buyers of...
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Who Pays For Expanding Regulation?

Executive summary of this post: • The cost of complying with government regulations is always passed on to consumers. • A majority of consumers want to pay for more government regulation–we know because they vote for politicians who promise expanded regulations all the time. • Trying to lower the cost...
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Compliance, Who Needs It?

As a former business owner myself, I know that most owners like you spend all of your time working on building your company. You’re too consumed with your vision of success to spend time thinking about laws and regulations. Anyway you won’t run afoul of the law as long as...
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Preparing For The Endgame

In a recent Inc. Magazine article, titled Prepare Your Exit Strategy Now–Just In Case, the authors give four things you should do now, even if you are not yet ready to sell your company. While they say these steps lead to increased value for your company, they forgot to mention one...
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Startup Legal Essentials

Congratulations on deciding to start a business! I want you to succeed, so I’ve created this checklist of legal actions you should take to make sure you don’t leave out an essential step. Remember, any advice you find on the Internet, even on this site, cannot supplant advice you obtain from your...
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