Billy Westbrook began as so many entrepreneurs do: with an idea to improve the world. He dedicated himself to building a business around that idea, and brought the world a clearer view.
A nine-digit Employer Identification Number (EIN) is assigned by the Internal Revenue Service for the purpose of identifying a business. Most businesses are required to have EINs to legally operate in the United States, but there are notable exceptions. Does Your Business Need an EIN? The federal government requires any business that has employees to […]
In 1988, Jean Bjork founded Bjork Construction with her husband, Don, and they started building high-end homes. Many years and challenges later, the company is still going strong, and has been handling its growth through equally strong relationships.
The key to determining the value of a sole proprietorship is in the understanding that your valuation of the business is just an estimate because so much of the company’s success rides on the personality and experience of the owner. Learn more here.
The two primary risks that every company has to face on a daily basis are business risk and financial risk, and contrary to common belief, they are not one in the same.
Business owners should avoid using personal assets to finance their business. Managing small business credit well in advance of financing needs puts businesses in a favorable position when a need for financing.