Can I Finance my New Business with Personal Debt?
Wes Shie – Finding the funds to start a new business can be as challenging as starting a business itself. Many times it is difficult for a startup business to get a conventional business loan; therefore, many entrepreneurs have to look at other means for funding startup cost. There are many entrepreneurs that are reluctant [...]
Northeast ISBDC / March 5, 2013
Understand Your Income Tax Return
Pete Sabella – Many small business owners fail to spend the time with their tax preparer in understanding their tax return. Whether you are a sole proprietor (schedule C), a partnership (form 1065), a corporation (form 1120), or S corporation (form 1120S) the starting point is your accounting records. Your preparer will need an electronic [...]
Southwest ISBDC / February 5, 2013
Using Financial Analysis Techniques to Understand Your Business
Victoria Hall - At the beginning of a new year it is always important to review and reflect on the year just passed and how well you, your staff, and your business performed. What could have been improved? What did you do well? All as evidenced by results, many of those results being financial in nature. [...]
Central ISBDC / January 24, 2013
Silence is Golden, but It Might Be Bad for Your Business
Scott Underwood – It has been said that the first step in solving a problem is admitting that you have a problem in the first place. Yet, with many of the entrepreneurs we have experience with (and more importantly, with those that don’t come to us), they are hesitant or reluctant to express their challenges, [...]
East Central ISBDC / November 28, 2012
Three Simple Secrets to Starting and Running a Successful Business
Tom Steiner – You could get an MBA from the University of Chicago, you could just jump in and hope it works and fix things on the fly, you could research your business until you know everything there is to know and grow old before you launch. By knowing these three simple secrets you have [...]
East Central ISBDC / October 9, 2012
Key Performance Indicators
Richard Pittelkow – Organizations measure Key Performance Indicators, or KPIs, to help define and measure those things that drive the success of their business. For the small business owner, defining and measuring the right KPIs and developing action items from the data can help ensure their business will be successful. Whichever KPIs are selected, they [...]
West Central ISBDC / July 18, 2012
Cash Flows Right Out Of My Business!
Monty Henderson – We’ve all heard the silly answer to a serious question about a business’ cash flow – “Cash flows right out of my business!” As a business advisor, I hear it too often. Cash flow is critical to daily operations, yet so many entrepreneurs pay too little attention to properly developing a cash [...]
Hoosier Heartland ISBDC / July 10, 2012
Is Your Plate Full?
Larry White – Is your plate full? In our fast paced business world, many entrepreneurs simply don’t have enough time in the day to get everything done. Unless we are extremely organized, it is often difficult for the typical business owner to really focus on what is most important every day in the life of [...]
Central ISBDC / June 4, 2012
Adequate Capitalization of a Business Entity: How Much Money Do I Have to Put in This Thing?
Michael J. Hays – Entity formation is one of the key tasks of a business lawyer. Clients large and small seek our assistance in forming a corporation, limited liability company, or other business entity that will protect them from personal liability for the new entity’s obligations. But those clients often leave the lawyer’s office when [...]
ISBDC / April 26, 2012
Common Taxes For Small Businesses In Indiana
Common State and Federal taxes paid by small businesses Bob York – Small businesses in Indiana are subject to various taxes; sales tax, self-employment tax, income taxes, and property taxes, etc. In addition, there are various excise taxes that may apply to certain activities. Noncompliance with collecting, remitting, paying, and filing these taxes can result [...]
North Central ISBDC / October 6, 2011
