With the emergence of Fractional Leadership Roles in the business community, local consultant Kevin A. Nye recently introduced Fractional Chief Operating Officer (COO) services for small businesses in Southern California.
Exit Planning: Sell Your Business Easier and For More Money
You’ve spent years building your business. It’s been a labor of love from the beginning and has become your identity. You’re now at the point where you start to think about what comes next. Maybe you want to cash in and retire or perhaps you’re bored and want to focus on a new endeavor. The …
Financing Basics: How to Finance a Small Business
The success or failure of a business rests on whether it has a strong financial foundation. Sometimes it’s possible to finance a small business entirely from your own savings. However, what are your options if your money runs out before your business idea takes off? There are various ways to finance a business apart from …
Which Legal Structure Should You Choose for Your Small Business?
When you start a small business it needs to operate under a specific legal structure for both liability and taxation purposes. In the western world, there are three main types of legal frameworks for small businesses: 1) Sole Proprietorship 2) Limited Liability Company (LLC) 3) Partnership Keep in mind that no matter what option you …
Mastering Social Media Marketing for Small Business
Whatever the size of your enterprise, you need to leverage social media platforms to build your customer base, increase loyalty and engagement and boost business through organic brand advocacy. If you’ve tried social media marketing before and it hasn’t given you a good return on your investment, it could be because you’ve been doing it …
Five Reasons You Have Cash Flow Woes and What To Do About It
Maintaining an adequate cash flow is one of the greatest challenges of entrepreneurship. Every business is different and industry norms vary widely but every business requires positive cash flow to operate on an ongoing basis. Following are some of the most common reasons that companies struggle with cash flow and some universal solutions and best …