Do you know the difference between a mission statement and a vision statement? The two terms may seem similar, but each plays a different role in shaping a small business and its purpose. The simplest way to differentiate a mission statement and vision statement is to view it using timelines and purposes being served […]
Should you incorporate your small business now or opt for a delayed incorporation filing? Generally, I tend to advise small business owners to incorporate as soon as possible. This ensures startups receive limited liability protection and may begin establishing credibility from day one of being in business. However, I will edit this advice a […]
What happens next after an entrepreneur incorporates or forms an LLC for their small business? The short answer is that it’s necessary to catch up on a certain amount of corporate compliance. One of the first documents small business owners will need to file is an annual report. What is an annual report? This […]
Many entrepreneurs often associate the need to obtain an employer identification number (EIN) with hiring employees. This is correct. It is a requirement to obtain an EIN if a business plans to hire, and pay, employees. An EIN is a nine-digit number issued by the IRS when you incorporate or form an LLC for […]
As you prepare to launch a small business, it’s important to consider incorporating as a business structure. What does it mean to incorporate? Incorporation is defined as the process of creating a corporate business structure. This structure, in turn, allows the business to act as a separate legal entity from its owner. The entity […]
The COVID-19 pandemic has given leaders around the world a once in a lifetime opportunity to elevate their leadership style. In response to this unprecedented crisis, an elevated leadership style means finding new ways to support teams, regardless of where they may be physically working, and to encourage engagement and connection. As vaccinations continue […]
5 Mistakes to Avoid Making When Starting a Business It’s an exciting moment when entrepreneurs decide to take the leap forward and start a small business. Once you discover your why, you’ll be ready to launch a startup that can solve problems for its customers and bring value to the community. Before you […]
by Deborah Sweeney Nobody could have predicted at the start of 2020 that a “working-from-home economy” would be become part of the next normal by the end of the year. Employees able to work from home during the coronavirus pandemic did so as states announced stay at home and safety in place orders. The transition to […]
by Deborah Sweeney What can you learn from watching, and playing, a game of chess? The Netflix original miniseries The Queen’s Gambit revolves around the game of chess. Set in the 1950s, the miniseries tells the story of a young girl named Beth Harmon. Beth, an orphan after a tragic car accident, discovers she has a […]
by Deborah Sweeney Are you familiar with the acronym PTG? This stands for post-traumatic growth, a concept in which individuals may experience positive growth after struggling with a major traumatic crisis or event. At the present moment, we — human beings, collectively — are all struggling with the impacts of the COVID-19 pandemic. Each person’s circumstance […]
