Sivia Legal Services Blog

4 Quick Tips for Spending Less Time On Work

Posted by Sivia Law on Apr 17, 2019 12:06:00 PM

 

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Topics: Business Owners

How Do You Know When It's Time to Sell Your Business

Posted by Sivia Law on Apr 3, 2019 12:02:00 PM

 

 

What will you do with your time, post-sale?

It is important to figure out what you are going to do after you’ve sold your business such as taking up a hobby, volunteering at an organization or traveling. You will need to give this some serious thought.

There will be time between when you decide you want to sell and the actual sale itself, so you will have about a year to contemplate what you are going to do in your next life.

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Topics: Business Owners

5 Common Mistakes of Business Owners

Posted by Sivia Law on Sep 26, 2018 11:45:00 AM

 

Starting a small business is an exciting experience and can be financially rewarding. When opening a new company many owners overlook some of the basic considerations for their business because they are focused more on getting off the ground. Below are the five most common mistakes that business owners make.

  1. Short term, short sighted
  • Its important for business owners to consider the long-term growth of their company. Owners need to think about how to sustain their growth and drive value. For instance, owners often choose to acquire assets that reduce their company’s income and allow them to take advantage of a number of tax benefits. While this strategy might save money in the short term, they risk diminishing the future value of the company.
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Topics: Business Owners

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