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While we may have had years of TV and movies that predicted global pandemics that exceed what we are experiencing with Coronavirus (COVID-19), the country is still in relatively uncharted territory. Between emergency legislation and businesses trying to stay ahead of...
There are some aspects of business that seem to change quickly, while other concepts take much longer. When the old ways seem to be working, owners often see no reason to make changes. As times change, however, people begin to question whether there is a more...
Vacant lots can be a ripe source of income for commercial investors. As with any real estate deal, choosing the right property is an essential component to a profitable outcome. Use these strategies to find the ideal commercial land tract for purchase. Target...
In the late 1970s and early 1980s, the North Texas region attracted significant interest in commercial real estate from investors based in Canada. Approximately 40 years later, it is now investors from South Korean who are making significant purchases of commercial...
After Tax Day comes and goes, it is time to move onto the next big fear for the year. The anticipation and fear of an audit. There are some business owners who will keep physical boxes of documents for years out of fear of a future audit. While maintaining thorough...
Part of building a successful business is building a reputation and a legacy. You have taken the time to establish your business’s name in the field, and you want that name to endure long after your time owning the company. Whether you plan to pass your business on to...
There are a lot of factors to consider when you are looking for a new space for your business. Of course, the well-known rule of real estate, “location, location, location” is important, but another critical issue is what type of environment will help your staff be...
For ambitious business owners, franchising is often a smart way to continue to grow. That is, if you welcome franchisees onboard, you likely work with motivated business partners who have a success-based mindset. Of course, not all businesses are ready to franchise....
As an entrepreneur, you spend a lot of time developing and growing your business. Not only have you come up with the product or service, but you also had to make investments in how you and your employees would make it all happen. When it comes time to sell your...
Some enjoy the art of making deals, negotiating agreements and contracts may not be a source of worry. The debate and discussion between current and future partners may be an exciting part of owning a business. For business owners who are new to negotiation or who...