What to do when you disagree with your investors

Gordon Ramsay

Having a disagreement with your company’s investors is one of the most difficult challenges that any small business owner can face. It’s stressful, time-consuming and the stakes can be very high. It’s quite common to see the founders of successful businesses kicked out of their own companies due to disagreements with their funders. Like any challenge you face, it’s important to understand your options and take a careful, gradual approach to resolving the conflict as amicably and as quickly as … [Read more...]

The most profitable way to sell online

Family Partners Small business

Alibaba, the Chinese e-commerce giant expects to facilitate the sale of $420 billion worth of goods this year, up from $170 billion in 2012.  The company founded by Jack Ma in his apartment 15 years ago has become the largest online seller on earth, dwarfing companies like Amazon and eBay. Their main business – the Alibaba marketplace – connects small and medium sized businesses with buyers inside and outside of China. While Alibaba’s success is unique, the form part of a largely trend – namely … [Read more...]

Tax inversion: How incorporating abroad can lower your tax bill

Calculator Finance Accounting

The United States has one of the highest corporate income tax rates in the world. Multiple studies confirm that even if you take into account credits and deductions, the effective rate (what companies actually pay) continues to be among the highest. Corporate profits between $100,000 and $335,000 are taxed at a 39 percent rate, with higher profit levels taxed between 34 and 38 percent. Add state and local income taxes to the mix and a corporation could pay half of its profits in income taxes.  … [Read more...]

How Warren Buffett Can Help You Protect Your Investments

Holding cash

The Dow Jones Industrial Average, Nasdaq Composite Index, S&P 500 Index and the Russell 2000 Index are at record or near-record highs. Fast-growing startups are running as fast as they can to IPO. Mergers and acquisitions are on the rise. Anyone caught up in these trends could easily assume that the worst economic times are behind us and that “champagne wishes and caviar dreams” are all that lay ahead. But some people – like the third richest man in the world Warren Buffet – know … [Read more...]

Are you ready to put the family in family business?

family business owner

Tim Horton was a Canadian national hero and hockey player with a career that spanned 24 seasons, 4 Stanley Cups and millions of fans. When he wasn’t on the ice, he was an entrepreneur. In 1964 at the age of 34 he started the Tim Hortons Doughnut Shop. By 1967, he had grown it to over 40 locations with partner Ron Joyce. Using franchising as a growth strategy, the company expanded aggressively, becoming a multimillion-dollar business in a few short years. That’s when things got … [Read more...]