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This article highlights the work of Professor John Davis, who has been studying family enterprises and how they work since the 1970s. For example, he mentions how family businesses have natural strengths such as passion and persistence. However, he also discusses how fear of failure...

Although intended for small business owners, this article discusses accounting mistakes that can hinder growth in your business no matter the size. First and foremost, failing to hire the right CPA can immediately put a cap on the amount your business can grow. Additionally, topics...

This article discusses 30 family business truths that may be hard to swallow but can change the way your business operates on a day to day basis. For example, a high trust culture can be imperative when dealing with sticky situations in the workplace. In...

This article offers seven different tips that small business owners should be aware of as we enter the new year. From using data to shape your strategies to playing around with different content, these insights could be the difference between you and your competition. Little...

Labor shortage is a real issue in the construction industry. In order to hire and retain quality workers, construction companies need to be more creative in their recruitment strategies. You can read about tips for recruiting workers to your construction business in this article featured...

In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14: Not-for-Profit Entities (Topic 958) – Presentation of Financial Statements of Not-for-Profit Entities. The updates went into effect for fiscal years starting after December 15, 2017. The new standards include the changes...

This article discusses how family business owners have to decide whether to sell their business or hand it down when they want to retire. Both sides have their advantages such as retirement funding and ensuring family well-being for a specific amount of time. However, there...

This article discusses some of the top things that you can do as a business owner in order to protect your business against fraud. From learning basic definitions to what a forensic accountant could do for you, different methods are outlined in this article. Be...

This article discusses how hard it is to ensure that your family business survives to the next generation. With the help of these best practices like setting boundaries, dividing roles and responsibilities, and treating family members fairly, your business could be on its way to...

This article discusses how utilizing some best practices can go a long way when evaluating a business. Examining stock prices, assets, cash flow, and the surplus in debt, should be considered each and every time a business is valued. In addition, bringing in a professional...