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Before You Buy a Franchise: Part 1

May/23/2017

If you have downsized from a corporate job or are in your 40s, 50s or 60s and looking for a new career, you may be thinking about buying a franchise. Franchises give people the opportunity to live an entrepreneurial life with much lower risk ...





The Graduation Speech Your Kids Really, Really Need to Hear

May/16/2017

This column, which originally appeared in May 2009, is one of the most requested and reprinted "Succeeding in Your Business" columns, especially during graduation season. Members of the class of 2017: I was sorry to hear that the reality TV ...





Time Management for People With No Time to Manage: Part 2 of 2

May/09/2017

Once you have mastered (or at least accepted as truth) the three basic principles of time management described in last week's column, it's time to tackle the tough job: organizing your time day to day so you can start enjoying life. Getting ...





Time Management for People With No Time to Manage: Part 1 of 2

May/02/2017

Let's face it: We are all feeling a bit time-starved these days. And there's a reason for that: technology. Thanks to our wonderful laptops, notebooks, notepads and smartphones, which were supposed to free us from menial tasks so we could ...





The Right Way to Value a Small Business: Part 2 of 2

Apr/25/2017

There is no perfect or right way to value a small business. There are, however, lots of wrong ways to do it. When a partner or owner dies, becomes disabled or leaves the business, the business must be valued so that a fair price for his or her ...





The Right Way to Value a Small Business: Part 1 of 2

Apr/18/2017

"I have a corporation which I own 50/50 with my sister. "We get along great, but our accountant is putting pressure on us to put together a shareholders' agreement so we know what to do if one of us dies, becomes disabled, or gets divorced. Our...





Some Last-Minute Tax Tips

Apr/11/2017

'Tis the season for last-minute tax questions. Here are some of the more interesting ones I've received in the last week, along with my best suggestions. Q: "I am not yet registered as a business with the government, so have no tax I.D. number....





The Right Way to Set Up a Certification Program

Apr/04/2017

"I have been running my own service business for many years. So many years, in fact, that my name is widely known in my field. Over the years I have mentored many young people who have gone into this business, and the fact that I have trained ...





A Cautionary Tale About a Brilliant Young Entrepreneur

Mar/28/2017

As I get ready to celebrate my 63rd birthday, I find myself spending more and more time with young people. As a lawyer dealing with technology start-ups and other entrepreneurial ventures, I not only find my clients getting younger and younger ...





Putting Money Into a Nonprofit Organization -- the Right Way

Mar/21/2017

"I am forming a nonprofit organization with two other investors who want to effect social change in our community. "Because it will take quite a while to launch our fund-raising activities, get money from private donors, and file applications ...