Growing your business

If you surveyed small business owners, most of them would say a goal of theirs would be to develop and grow their business. Even though it’s a goal for most business owners to grow their business, many may not know how or may not have the tools or resources to do so. A business coach or peer board can help business owners grow and achieve their goals. Along with a business coach to provide advice and support, a business owner should have a developed growth strategy to help them execute their growth plans.

Darren Dahl of Inc. Magazine talks about how to select the best growth strategy for your company.
“Turning a small business into a big one is never easy. The statistics are grim. Research suggests that only one-tenth of 1 percent of companies will ever reach $250 million in annual revenue. An even more microscopic group, just 0.036 percent, will reach $1 billion in annual sales.”

Read more…

Avoid Being Audited

With the April 15th tax deadline just around the corner, many business owners have prepared or are preparing their 2009 taxes. With taxes always comes the risk of being audited and as well all know, it’s never fun to have to deal with the IRS. The IRS can audit a business at random so it’s best to be prepared just in case it does happen. Being prepared can make the audit process a lot easier and less painful. Using a business consultant or coach can also help business owners in their efforts to be prepared for an audit.

Thursday Bram with Openforum.com talks about what you as a business owner can do if they’ve been audited or what they can do to prevent getting audited.

“Just the idea of having a problem with the IRS is enough to worry many business owners. The tax system can be difficult to deal with even at the best of times. When something goes wrong, it can be a long and expensive process to resolve.”
Read more…