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Business Planning: The Quadrant Approach

So, in my last post, I suggested that the traditional business plan might not be the most useful document.  Ok, actually, I torpedoed the traditional business plan.  BUT, as I said then, I do believe that every entrepreneur should plan their business. So, if the traditional, 50 page plan is a waste of time, what [...]

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Four Reasons Why You Don’t Need a Business Plan

It’s not that I don’t believe in planning.  I do.  But I don’t believe in business plans.  At least not the ones people traditionally spend an inordinate amount of time creating—instead of launching their business.  But, conventional business wisdom clearly disagrees with me.  In fact, conventional wisdom says that if you don’t write a business [...]

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The Top 5 Legal Mistakes Entrepreneurs Make: Part 1

Not you.  Other entrepreneurs/freelancers/contractors.  Of course, you don’t hesitate to consult with an attorney about launching, running or growing your business.  That’s just how you roll.  But those other folks just don’t see the value in paying an attorney to talk about this stuff.  To them, everybody knows how to decide what’s right from a [...]

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Why Micro-Entrepreneurs Need a Contract

Let’s dispel a big misconception among small, home-based business owners such as freelancers and other “solopreneurs”.  The misconception is that these “itty bitty” business owners don’t need to use contracts or concern themselves with the “legal” side of business.  The reasons for this misconception are varied: My business is too small to bother with legal [...]

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Are You Ready to Quit Your Day Job? 10 Questions to Ask

Are you thinking about quitting your day job to open your own business?  Or, has the decision to leave your job already been made because you were laid off or fired?  Should you look for work or take this opportunity to pursue your passion?  Here are 10 questions you should ask yourself before you plunge [...]

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Nevada Nonsense: The TRUTH about Nevada LLCs

I always get questions from folks wanting to know if they should set up a Nevada LLC or corporation because they’ve seen one on the internet or been to some seminar where they were told that they should form a Nevada company to avoid paying state income tax. Um…how shall I say this?  That’s a [...]

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Unemployed to Self-Employed: Get Your Hustle On!

Here’s some therapy you can take straight to the bank.  While you’re collecting your unemployment checks (or, if they’ve unfortunately run out) and you’re surfing every job posting website known to womankind, GET YOUR HUSTLE ON! I don’t mean that you should stop looking for a job (well, maybe I do, but that’s another post [...]

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