Small Business Archives - Financial Poise

Fancy World Map symbolizing important business plans without mistakes

6 Important Business Plan Mistakes to Avoid

January 9, 2020
/ Business Owners & Executives
/ By Akira Hirai

Tags: Business Planning, Raising Capital, Small Business, Start-Ups & Entrepreneurship,

A long or hyperbolic business plan can turn off investors quickly. Eliminate red flags with these six important business plan tips.

A fountain pen, symbolic of signing an LLC operating agreement

The LLC Operating Agreement Demystified

Tags: Business Law, Business Leadership, Small Business, Start-Ups & Entrepreneurship,

An LLC operating agreement is a set of rules and provisions that outlines company structure, management, compensation and other internal issues.

barbershop representing small business investing

Taking Stock in Main Street: The Importance of Small Business

Tags: Accredited Investors, Investing, Private Equity, Small Business, Start-Ups & Entrepreneurship, Venture Capital,

Small businesses make up 99.9% of all businesses and employ millions of Americans. Learn more about the importance of small business investing.

glasses resting on a textbook of accounting principles

‘Know Thy Numbers’ Installment #2 – Accounting Principles in a Nutshell

November 12, 2019
/ Business Owners & Executives
/ By Jonathan Friedland and Kristina Parren

Tags: Accounting-Auditing-Taxation, Small Business,

GAAP rules are accounting principles and concepts that shape how we present financial information. These are the 12 “Commandments” of GAAP accounting.

Women with raised hands, symbolizing consensus decision making and compromise

Consensus Decision Making: How Much Compromise is Too Much?

Tags: Business Management, Employment & Labor Dynamics, Family Business, Small Business,

In the decision making process, trying too hard to achieve consensus leads to suboptimal results. Consensus decision making should include the best of everyone’s input.

Artist Painting, representing a successful entrepreneur

5 Mistakes Avoided by All Successful Entrepreneurs

October 15, 2019
/ Business Owners & Executives
/ By Matt Niksa

Tags: Business Leadership, Business Management, Business Planning, Small Business, Start-Ups & Entrepreneurship,

Successful entrepreneurs know the importance of delegation, a good idea and lessons to be learned from failure. Avoid these five mistakes made by startups.

A man and woman chat at a coffee shop, symbolizing good governance and communication in family businesses

Without Good Governance, Family Businesses Go Nuclear

September 17, 2019
/ Business Owners & Executives • Columns
/ By Bruce Werner

Tags: Business Leadership, Family Business, Fiduciary Duties & Corporate Governance, Small Business,

3 Case Studies on the Importance of Good Governance To put it bluntly, proper governance does not come naturally for most private and family businesses. It requires leadership to understand that good governance protects the business, and is worth the sometimes substantial time and effort required to achieve it. Families will never be perfect. Which […]

Antique cash register symbolizing business valuation methods

3 Approaches to Business Valuation Methods

September 11, 2019
/ Business Owners & Executives
/ By Erin D. Hollis

Tags: Business Management, Business Transition and Exit Planning, Small Business, Valuation,

Are you valuing your business for a transition, taxes or even litigation? The reason for your valuation will determine the business valuation methods you use.