The outbreak of COVID-19 changed the way people do almost everything. Along with daily routines, it also changed how companies do business. While some businesses struggled and ultimately closed, others could survive or thrive under the new economic climate. When...
Business Law
Preparing a succession plan in California
If you own a business, you need to have talented people ready to take over key positions of your company in the event that you, or other executives, leave the company. You want the business to remain stable when you retire while ensuring that your heirs are also...
Non-financial reasons to sell your business
In California, many business owners consider selling their companies at some point. Understanding how to identify the right time to sell a business is important before an owner decides to put it up for sale. Before doing so, an owner should first consider why they...
Signs that it is time to close your small business
Many people dream of opening their own business and becoming a successful entrepreneur in California. However, reality isn't always that simple. Here are a few signs that it might be time for you to shut down your small business. Lack of customers One of the biggest...
Initial goal met: Now how do you get your business to the next level?
Doing business – more specifically, successfully establishing an enterprise and profitably managing it – is hard. So kudos to you if you have accomplished that task. Empirical data reveal that most businesses fail. The challenges are tough, the risks high and market...
Is now a good time to start my business?
With the recession and poor economy that has affected the country for the past year or so, there are doubtless many would-be entrepreneurs around Sacramento County who have put off starting a new business. But that can be a mistake. Some of the biggest companies in...
How to retire from your own company
There comes a point in almost everyone's life when they start to contemplate retirement. However, if you run your own California business, it may be difficult to simply leave your position as the company's top executive. Of course, there are still ways that you can...
Questions that every new small business owner must ask themselves
Running your own business is an exciting prospect. The idea of becoming your own success story and earning substantial income is an enticing goal. Unfortunately, making your business into something successful is not as easy as you might hope. There is nearly a 50%...
Strategic thinking solves problems before they happen
Although letting go can often be the hardest part, as a business owner, it’s never to early to start succession planning. Instead of dwelling on how drastic your life will change when you retire or give up your business, it’s important to think ahead and be prepared....
4 elements of a solid partnership agreement
Starting a business with a partner can be a good way to share responsibilities with someone and expand the expertise of leadership. Whether you work with someone you know on a personal level or in a professional capacity, the relationship you create through a...