Many businesses start as sole proprietorships or partnerships. However, these structures have unlimited personal liability for company debts. As a result, many business owners opt to incorporate or form a limited liability company (LLC) to protect their families and financial interests. Businesses may change structure at any time. Here are the most critical items to consider when selecting—or re-selecting—your business structure.
How operations management is carried out in any organization depends on the nature of products or services of the firm. Retail, manufacturing, and wholesale each have different requirements, but all businesses can become more effective through business improvement engineering.
This flowchart example, is one step toward optimizing a shipping.
When starting and growing a small business it is advisable to define how "Quality, Safety, and Regulatory Compliance is Assured." All businesses are subject to a large number of local, state, and federal regulations.
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Most entrepreneurs say the most challenging aspect of the day to day management of their business is hiring and keeping talent.
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The financing process can be daunting the first time around. Your SCORE counselor can help.
Request An Appointment today!
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By carefully address the following three fundamentals you will significantly increase the probability of business success while mitigating much of the risk associated with the venture.
By Walt Brittle
Where should you start when you have an idea for a new business or a new product?
A. Write a business plan.
B. Rent office space, buy furniture and have business cards printed.
C. Quit your day job.
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