Financial Poise

Articles tagged: Small Business

Fancy World Map symbolizing important business plans without mistakes

6 Important Business Plan Mistakes to Avoid

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

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A fountain pen, symbolic of signing an LLC operating agreement

The LLC Operating Agreement Demystified

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

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Taking Stock in Main Street: The Importance of Small Business

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

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glasses resting on a textbook of accounting principles

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

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

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Women with raised hands, symbolizing consensus decision making and compromise

Consensus Decision Making: How Much Compromise is Too Much? 

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.

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Artist Painting, representing a successful entrepreneur

5 Mistakes Avoided by All Successful Entrepreneurs

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

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

Without Good Governance, Family Businesses Go Nuclear 

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 […]

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Antique cash register symbolizing business valuation methods

3 Approaches to Business Valuation Methods

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. 

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A family takes a selfie in front of a castle, symbolizing the fun in family governance

Lessons on Family Governance in Business

The Cornell/Loyola Family Business Roundtable brought together thought leaders to discuss business and family governance. Here are the key takeaways.

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Small Business Sign representing those that would benefit from the SECURE Act

How Small Businesses Benefit from the SECURE Act

Congress may soon pass the SECURE Act, which would increase retirement plan flexibility and award tax credits to small businesses.

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