Sat.Feb 11, 2023 - Fri.Feb 17, 2023

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About personal use of corporate assets

Berkonomics

Here’s the IRS take on the issue: It is no secret that the IRS carefully looks below the surface for personal use of company assets (including cash) in its corporate income tax audits. This insight addresses more the impact of such behavior upon the actions of employees and others who observe that behavior from a senior manager or owner of a business – and know that they cannot say anything about it without jeopardizing their jobs.

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8 Keys To Starting A Venture With Minimal Equity Loss

Startup Professionals Musings

If you really want to start a business your way without a boss or professional investor hovering over you, then just fund it yourself or through friends and family, and grow it organically. It’s more possible to bootstrap today than a few years ago, as the cost of entry continues to go down. According to Investopedia , over 90 percent of successful businesses currently start this way.

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10 Common Startup Mistakes That Are Rarely Admitted

Startup Professionals Musings

Every entrepreneur I know has their favorite excuse for a previous failure – an investor backed out, the economy took a downturn, or a supplier delivered bad quality. These things outside your control do happen, but based on my years of experience as a startup advisor and angel investor, I still see too many strategies leading to failure that are inside the entrepreneur decision realm.

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Maintain Your Startup Motivation While Working Harder

Startup Professionals Musings

Many experts are certain that successful entrepreneurs are the ones with the most inspiration (passion and dream), while others will assert that it’s about more perspiration (working harder). In my experience, both are always required in heavy doses. There are no “can’t fail” shortcuts or “get rich quick” scenarios. That’s why all those so-called million dollar ideas I hear about as an investor don’t get me excited, and entrepreneurs find that working twenty hours a day often generates nothing m

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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5 Roadblocks To An Excellent Culture In Your Business

Startup Professionals Musings

As a business consultant, I see many different employee cultures, from exciting and motivational, to dysfunctional and non-productive. Company leaders, as well as front-line team members usually realize when they have a problem, but most have no idea what is possible or how to change the culture. They keep waiting for top management to somehow fix the situation.

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9 Strategies to Increase Team Collaboration Quality

Startup Professionals Musings

Every business I know has teams, some working collaboratively to great advantage, while others sadly operating as collections of individuals who work alone, often in competition with each other. As a consultant, I often get asked what can be done to improve team relationships and maximize the impact of the whole organization. Most business successes I see required great collaboration.

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