Business

How to Tell It's Time to Hire an Economic Consultant

Economic consultants can provide important assistance to many different types of companies, offering support in a wide range of areas, from antitrust and securities to telecommunications, practices of financial institutions, labor, energy, intellectual property, and more. While many tech companies have been taking advantage of these services, as the Harvard Business Review notes, from Amazon and Google to Facebook, Microsoft, and Airbnb, many smaller organizations can benefit from the expertise of economic consulting firms.

Business

When Your Business Needs A License

Anyone can form and incorporate a business. However, as an entrepreneur, you should know that business license requirements exist for some professional practices. When you're just getting started, things like licenses don't really matter that much, but the more you get into it, the more vital having these licenses become. Before you even begin to operate your business, you need to secure the proper licenses and permits, or else you'd be operating outside of the law. In this article, we'll look at when you need permits and how you can attain them in the easiest possible way.

Business

Buying an Existing Business: A Due Diligence Checklist

If you have decided to buy an existing business, you will have a set amount of time to perform a company investigation. As a prospective buyer, you will have a right to request copies of contracts, loan agreements, and additional financial records, which can help you to make an informed decision.

Business

Smart Budgeting Tips For Small Business Owners

Poor budget management is the main reason businesses fail. In fact, 80% of businesses fail within their first 18 months due to lack of operating capital, Forbes reports. If you're a small business owner, smart budgeting is essential to keep your finances on track and your business running smoothly.

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