You’re not alone if you inherited the family business with no formal succession plan in place. About 64 percent of family companies don’t have a written succession plan, while another 19 percent have one “in progress.” Use these tips to find your footing after you’ve suddenly inherited the family business.
Gidgette and Ken Moshier decided to draw on their love for traveling and tea, as well as their small business backgrounds, to open the English Garden Tea Room.
What's striking about the history of business plans is how little has changed. Sure, the medium we use has changed over the centuries, but the end result – having a written plan that demonstrates to the business owner and possible investors how to make a profit – has remained consistent.
December is usually consumed by the hustle and bustle of the holiday season, but did you know it’s also National Write a Business Plan Month?
This article aims to help entrepreneurs better understand the intent and importance of a business purpose.
In developing your business plan, you need to decide which structure your business should operate under for legal and tax purposes.