Running a family business comes with several challenges. One of the main challenges is succession. As older family members leave the business, finding suitable heirs to take up the leadership mantle is a big challenge. Family conflicts can also threaten to tear down the company. Many family businesses also have problems scaling up the business.…

Hopefully, you know by now that customers are the most important part of your business. Without them, you wouldn’t exist, so attracting them is a must. However, attracting them isn’t always a simple process.   In order to catch their attention, you’ll need to know the right tips and tricks.  If you’re ready to start bringing…

Accounting can help your small business thrive, giving you a picture of the company’s overall financial condition, offering accurate reports on cash flows, showing opportunities for growth, and keeping you organized and accurate in filing taxes. Establishing solid accounting practices and processes can help small businesses become more financially organized, tax-ready, and profitable over the…

The purchase process can be confusing, especially if you’re new to it. One of the best ways to understand the process is to know who all of the players are. One particularly important player in any purchase is the vendor. In this article, we’ll introduce you to the vendor and explain why they’re such an…

Co-working spaces are defined as membership-based workplaces in which a diverse group of freelancers, remote workers, and other independent professionals work together in shared, community-based environments. Co-working spaces are modern office spaces in which workers of various working backgrounds and companies come together to share and work either independently or in groups. That brings with…

Are you thinking about starting your own accounting firm? If you are an entrepreneur with a background in accounting, then this is a business venture that can be tempting, especially because there is always demand for skilled accountants. While there is always a need for great accounting firms, you will also find that it can…

The traditional landline phone network (PSTN) and the ISDN system are both due to be switched off in 2025. This means that sometime between then and now, businesses will have to switch to VoIP (internet telephony). There are, however, many significant benefits to making the change early. Here, David Hanley, Director of The Red Penguin Group,…

Utah Drug Testing Programs Utah allows employers to determine if potential or current employees are under the influence of illegal drugs, certain prescription drugs, or alcohol during work hours. Public employers must always conduct additional research to ensure compliance with applicable drug testing laws for employees. If Utah employers decide to include drug testing as…

Trucking factoring is when a factoring company purchases one or more invoices from a trucking company at a discount and collects payment from the customers on those invoices. The arrangement creates an immediate source of cash inflow for the trucking company. In a freight business, the amount of cash required at any point in time…

Architects and designers are the people who are responsible for designing buildings and other structures. They come up with plans, drawings, specifications, and models. Architects and designers ensure that their creations are aesthetically appealing and efficient enough to be used by the builders. In today’s world, most of us rely on architects and designers for…