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Business Tip of the Month

Monthly Business Tips

2002 Business Tips Archive
December - Identify your best customers to increase profits
Sometimes it's more productive to step back and review your existing customers, and perhaps even get rid of a few.

November - Businesses: Tap into the benefits of a retirement plan
Does your business offer a retirement savings plan for employees? If not, consider setting one up.

October - Let your employees know the value of their benefits

Chances are they have no idea how much their benefits are worth.

September - Be careful when borrowing money from your corporation

If your return is audited, the IRS will scrutinize the loan to see whether it is really disguised wages or a dividend, taxable to you as income.

August - Get tax brea1ks for making your business more accessible to the disabled

There are two tax breaks that may help offset the cost of bringing your business into compliance with the Americans with Disabilities Act (ADA).

July - Use the 80-20 rule to increase your business profits

If your business is like most, the 80-20 rule applies. That is, 80% of your profits come from 20% of your customers.

June - Avoid the #1 mistake when buying a business

There are many mistakes one can make in buying a business. But if there's any one which could be given top billing, it would be buying too quickly.

May - Solve your customers' problems

Businesses that are started with the goal of making money have far less chance of long-term survival than those that were established to solve customers' problems.

April - Consider these low-cost ways to increase your business security

There are some practical, low-cost measures even small businesses can take to improve security.

March - Get to know the value of your business (Part 2)

After all the computations are said and done, the value will still be in the eye of the buyer and the seller.

February - Get to know the value of your business (Part 1)
There are three main approaches to valuing a going business: 1) the market approach, 2) the asset approach, and 3) the income approach.

January - Get a faster tax refund for your business

If your business overpaid its 2001 income taxes, here are three ways to get your refund on its way faster.

"Business Tips" are published monthly to provide useful business information. Return to this site every month for helpful suggestions on how to make your business more profitable.

The information contained in this site is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance.

If you would like more information on anything in "Business Tips," or if you'd like to be on our mailing list to receive other business, tax, or financial information from time to time, please contact our office. We're here to help.

We currently have individuals licensed to offer securities in the states of New Jersey, California, Connecticut, Washington D.C., Delaware, Florida, Maryland, Nevada, Pennsylvania, Texas and Wisconsin and to offer investment advisory services in New Jersey, Connecticut, Delaware, Florida, Maryland North Carolina, New York, Pennsylvania, Texas and Wisconsin. This is not an offer to sell or provide investment advisory services in any other state or jurisdiction. Securities offered through 1st Global Capital Corp., Member FINRA/SIPC. Investment advisory services offered through 1st Global Advisors, Inc.
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