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Collections Rule #1, as I heard it many years ago: The longer the bill is unpaid, the less likely it is that it will be paid. Here is dramatic visual proof of that rule in a recent Forbes article about collecting money in difficult financial times.
So what do […]
I just heard of a young professional who has been in practice for only a few years. He was in a terrible accident, which will mean hundreds of thousands of dollars in medical bills, not to say the loss of his ability to practice.
If you are considering leaving your job to go into a small […]
CNBC recently released a ranking of U.S. states as to their competitiveness and top states in which to do business. CNBC used ten weighted categories and combined rankings for all categories to get an overall ranking.
The categories were (in order of most to least weight): cost of doing business (taxes), work force, economy (”solid” - […]
I guess I think it’s pretty cool that someone can retire and have a little “fun” business, like the ones described in a recent NYTimes article. One guy took some pictures of birds and got paid a little money. Another makes and sells mobiles, and third is a freelance writer.
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Maybe […]
Under Barak Obama’s self-described tax plan, the “rich” would pay more taxes. And he says that $250,000 a year in income is rich.
Let’s say you are a baby boomer with a small business - not a C-corp. If your business is an S-Corp, an LLC, or a sole proprietorship, your business income is […]
Iowa’s smoking ban went into effect yesterday (July 1). The only two exceptions, as I understand it, are casinos (can’t stop those gamblers from smoking, can we?) and veterans hospitals (maybe on the assumption that they served their country and they have earned the right to kill themselves with smoking if they want).
You can […]
As a small business owner, you sometimes have difficult decisions to make. (No kidding, Jean! ) One of these decisions is a real Catch-22: In tough economic times, when your customers are not paying as fast, should you risk losing business by tightening your credit terms, or should you allow customers […]
I’ll bet you didn’t know you could use an IRA (called a “self-directed” IRA) to fund your business. I recently wrote about using IRA’s to fund businesses on my About.com Guide Site, U.S. Business Law & Taxes.
But I hesitated a long time before I wrote it. I don’t give investment advice, and I […]
Are you ready to take a chance? Are you ready to quit your job and start a small business?
Tags: ABBA, baby boomers, retirement, small business, take a chance
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This is National Small Business Week. In honor of this important week for small business owners, here’s how Baby Boomers rank as small business owners.
Some interesting stats on “older” business owners show that we are the people who are driving the workforce. This disproves the myth that we’re retiring to just sit around.
Entrepreneurship […]
business advice for boomers
Written by Jean Murray [email] for b5media.
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