Do I Own a Business, or Do I Own a Job?

I’d like to draw your attention to the concepts of two authors: Robert Kiyosaki (the author of the famous book Rich Dad, Poor Dad) in his book The Cash Flow Quadrant, and Michael Gerber in his book The E-Myth Revisited. In The Cash Flow Quadrant, Kiyosaki draws a chart with four quadrants, labeled E, S,… Read More »

Small Businesses Bouncing Back

New hires, expansion, growing demand, increasing sales. According to this article in the Boston Globe last week, all signs are pointing to renewed growth for small businesses. Sixty-five percent of all new jobs are created by small businesses, according to the Small Business Administration and have added almost 1.3 million jobs over the past year…. Read More »

Do You Have Perfect Pitch?

The elevator speech, so named because you should be able to describe your business and get the listener to want to hear more in the time an elevator ride takes, is a skill every small business owner needs to know.   There are numerous articles on the internet about how to best craft a short… Read More »

S-Corp or C-Corp? What's the Difference?

When you first form your corporation, it comes into existence as a C Corporation.  If you do nothing more, your corporation will remain a C Corporation.   A C Corporation becomes an S Corporation only when special tax treatment is sought by filing Form 2553 with the IRS. Although a small business lawyer can… Read More »

Four Corners of a Contract, Demystified

What is the Four Corners Rule? The “Four Corners Rule” states that if the language is not found within the written words of the contract, then outside evidence will not be considered.  This includes any oral agreement you’ve made. How Does this Work? So, for example, you’ve agreed to buy widgets from a manufacturer.  Your… Read More »