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.
Category: Business Planning
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 …
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 …
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 …
Want to Succeed as an Entrepreneur? Here are 8 Survival Tips
You may feel that success as an entrepreneur depends on hard work. However, hard work alone is not enough. If you want to be an entrepreneur, you need to know the basics of survival. Find a Mentor Every entrepreneur needs someone to lean on. Find yourself a mentor to whom you can talk about your …
Entrepreneurship and Innovation: Creating a New Business Model
If you feel that existing business models are not going to work for you, create your own. Business model innovation can give you the competitive edge you need for success. You can develop such innovation using the principles of a straightforward business structure. Designing Your Business Model Designing your innovative business model simply requires a …