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smallbusiness

Why Is Your Brand So Damn Important

June 25, 2023 by Michael Shea PA

Ray Kroc : It’s not just the system, Dick. It’s the name. That glorious name, McDonald’s. It could be, anything you want it to be… it’s limitless, it’s wide open… it sounds, uh… it sounds like… it sounds like America. That’s compared to Kroc. What a crock. What a load of crock. Would you eat at a place named Kroc’s? Kroc’s has that blunt, Slavic sound. Kroc’s. But McDonald’s, oh boy. That’s a beauty. A guy named McDonald? He’s never gonna get pushed around in life.

Filed Under: Buy a Business, Franchises, Selling A Business, Selling Your Company Tagged With: #franchise, branding, emotion, hershey, kroc, recognition, smallbusiness, Transworld

Seller Financing…get with the program or get used to not selling in the near future

May 16, 2023 by Michael Shea PA

Well, it is here… double-digit financing rates in SBA….for the better part of 2 years we have called this day with alarm. It is frankly no surprise but many from all sides of the political spectrum are blinded by the natural tendency to see the rising storm. I like to use the ballroom scene from the classic “The Poseidon Adventure” to illustrate the “boiling frog” tendency of owners to hope for the best in spite of odds.

Filed Under: Buy a Business, Selling A Business, Selling Your Company Tagged With: bbf, business, businessbroker, ibba, ism, michaelshea, orlando, sellerfinancing, smallbusiness, tampa, Transworld

Three Simple Tax Mitigation and Retirement Plans Business Owners Should Consider deploying

April 27, 2023 by Michael Shea PA

Under a SIMPLE 401(k) plan, employees can elect to make pre-tax contributions to their retirement accounts through payroll deductions, up to a certain annual limit set by the IRS. Employers are required to match employee contributions dollar for dollar, up to a certain percentage of the employee’s compensation, or to contribute a fixed percentage of each employee’s compensation, regardless of whether the employee contributes.

Filed Under: Uncategorized Tagged With: cashbalanceplan, financialplanner, retirement, sep, simple401k, smallbusiness, tampabay, tampabusinessbroker

How can AI and Chat GPT be used to make business owners lives more efficient?

April 19, 2023 by Michael Shea PA

AI and ChatGPT can free up business owners’ time in several ways: Automating repetitive tasks: AI can automate many repetitive tasks, such as data entry, email management, and appointment scheduling, freeing up business owners’ time to focus on more critical tasks. Providing customer support: ChatGPT can provide 24/7 customer support through chatbots, answering frequently asked […]

Filed Under: Uncategorized Tagged With: ai, artifical intelligence, chatgpt, smallbusiness

Different Corporation Types for Small Business

April 10, 2023 by Michael Shea PA

It’s important to consult with a lawyer or tax professional to determine which type of corporation is best suited for your small business, as each type has its own advantages and disadvantages depending on your specific needs and circumstances.

Filed Under: Business Management Tips, Buy a Business, Central Florida News and Related Articles for Business Tagged With: c corp, llc, michaelshea, professional, scorp, smallbusiness, Transworld

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