By: Rayanna Anderson You have a great idea. You have the money and motivation to get started. You are going to start your own business. Nevertheless, what are the legal and registration requirements for you to get started? Step 1: Decide on your type of business structure Before you do anything else, deciding on your organization’s structure is key to formulating … [Read more...] about Bears Business Brief: How to get through the red tape of starting your own business
By: Rayanna Anderson Over the next five years, it is estimated that 60 percent of owners of all small and medium-sized businesses will transition out of their business, according to a Gallop Press study. And for a family-owned business, preparing for succession is essential to enable the business to succeed into the next generation and beyond. Unfortunately, the statistics … [Read more...] about Bears Business Brief: Preparing for succession can be essential
By Rayanna Anderson, MBA Cash flow analysis answers two of the most frequently asked questions I hear from businesses with money problems: “How could I have made a profit and have no cash?” and “Where did all the money go?” The answers to these two questions are easily answered through an analysis of the company’s cash flow statement, a much needed and less used financial … [Read more...] about Bears Business Brief-Cash flow analysis: Where is your money going?
Invest in training, improve growth By Rayanna Anderson, MBA Your company is struggling, and you know you need to do something. Nevertheless, what to do. Change is inevitable, but implementing change for the future of your organization may be the true challenge. So how do you move forward? Perhaps employee training and development could be the solution. Here are … [Read more...] about Bears Business Brief: Invest in training, improve growth
Bears Business Brief: The makings of an entrepreneur By Rayanna Anderson, MBA There are almost 28 million entrepreneurs and small business owners in the United States, according to Forbes.com. Over 22,000 small businesses exist in Springfield and the surrounding area, most started by someone with a dream and the fortitude to take a leap and kiss the act of working for … [Read more...] about Bears Business Brief: The makings of an entrepreneur