Money

Retirement planning activities for small business ownersBy

  • Written by Longe Magazine Staff Writer
  • Category: Money
  • Hits: 39817

As a small business owner, you've worked hard to create a successful enterprise. While it can feel challenging to set aside money for retirement while running a successful business, when you reach the golden retirement age, you'll be glad you did. Consider the following five retirement planning activities for small business owners.

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Michigan tops in U.S. small-business lending program

  • Written by David Shepardson
  • Category: Money
  • Hits: 15221

Washington— Michigan leads the nation in loans made to small businesses under a 2010 Treasury Department program, the government said in a report released Friday.

Michigan businesses have received $69.5 million in loans under the $1.5 billion State Small Business Credit Initiative.

The state is tied for fifth in the percentage of funds awarded that have been loaned — or about 88 percent of the $80 million set aside under the program.

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8 Steps to cleaning up your business.

  • Written by Ms.T
  • Category: Money
  • Hits: 2849

1. Scattered Day Plans.

2. DIY Syndrome

3. Discorganized direction

4. Untamed Distractions

5. Leaky  Expenditure

6. Collection (all) Customers

7. Energy-Sucking Employees or Clients

8. Persistent Procrastination

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When is it Time to Let a Struggling Business Go?

  • Written by Ms.T
  • Category: Money
  • Hits: 3846

When is it Time to Let a Struggling Business Go?


For a business owner, the business is much more than a building, a stack of invoices, boxes of products or a name on a business card. The business is a dream. It is the sweat and tears of the owners. They most likely see the business as an extension of themselves, as proof that their ideas and creations have paid off. When a business owner is faced with the possibility of letting a struggling business go, they are in a sense letting a piece of them go.

Today’s economic climate is anything but predictable. Almost every industry is seeing a record number of closings. No one is immune. However, there is also a lot of hope out there for businesses in the form of bailouts and economic stimulus packages. For a business owner wading through a downturn in business, it can be difficult to figure out if the downturn is something to ride out or if it will destroy the business. While there is no set formula for figuring out for sure when the exact time is to let a struggling business go, there are some tips that will help owners make the decision a little bit easier.

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