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How to Create Sustainable Cash Flow and Turn Your Business into a Valuable Asset w/ Ryan Tansom

SME Strategy

How do you valuate a small business?

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Registering Your Small Business: Single-Member LLC vs. Multi-Member LLC

Zenefits

If someone attempts to sue your business and you’ve filed as an LLC, they usually can’t come after your personal assets. Bankruptcy protection With a single-member LLC, you can technically separate personal and company assets. However, a judge could consider personal and company assets the same if there is an overlap.

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What to Know About Small Business Liability Insurance

Zenefits

With tight cash flow and an uncertain market, small businesses can be financially ruined by a disastrous, unexpected lawsuit or accident. In fact, 43% of business owners are threatened with or have been involved in a lawsuit, and litigation can easily cost up to $150,000. What insurance does a small business need?

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571 | Second-Generation Transitions in Small Business: The Dos and Don’ts for Founders

Chris LoCutro

In this episode of The Chris LoCurto Show, we dive deep into the delicate process of second-generation transitions in small businesses. You know what, if it's a, we look at an opportunity for, maybe there's something inside of the business that is an asset that we're not needing anymore, we could sell that off.

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Aligning People Ops Strategy for the 5-Stage Business Cycle

Zenefits

But just as business models have changed over the years, the shift from Human Resources to People Operations has led to new ways of thinking about employees. They are an asset, a client, and a contributor. Employees are stakeholders in business success. It can be tempting to rush into hiring again.

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564 | The CEO’s Quiet Battle: Combating Isolation at the Top

Chris LoCutro

And that is this whole idea of this quiet battle that leaders go through especially small business owners, and that is this whole thing of being isolated, and feeling isolated. And you're sitting there, maybe you're in an unhealthy place cashflow wise, within your business. Why do I need that? What do we need to sell?

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539 | The Pros & Cons: Taking Out a Loan

Chris LoCutro

So when you walk into a bank asking for money for your small business, who are they going to ask for a signature? And if you can't repay, they'll come for your home, your personal assets, whatever it is, because you might have that loan in your name. So don't get duped into thinking, Oh, well, it's for business.