Archive for the ‘Business Wisdom’ Category

Amortization

Amortization

The IRS requires that your amortize and deduct any start up expenses that you incur over a period of at least 60 months, beginning with the month that your business begins operations. Expenses that you incur after you open your doors, however, are usually deductible in the first year. This is why it is a [...]

So You Want to Lease an Office Space?

Lease an Office Space

Once you decide that you want to lease an office space, and once you have found a location, the next move is to negotiate a lease agreement for that office space. The lease agreement is a contract between the owner of the property and the business owner seeking an office space, and as you are [...]

The Foundational Qualities of Successful Business Owners – Part 1

Foundational Qualities of Successful Business Owners part-1

Successful entrepreneurs understand their own strengths and weaknesses. To be honest, you don’t need to be a perfect person who excels in every avenue of the business world in order to achieve success as a small business owner. It is always possible to compensate for any weak areas. An honest self evaluation is necessary to [...]

Moral Management and Nonrational Decision-Making

moral-management

Traditional approaches to management tend to assume rationality and a linear thought process. The classic steps to solving ethical dilemmas in the workplace include: identifying the problem, assessing the various solutions and their impact, and implementing a solution. However, this is only useful if the manager tends to approach other decisions, this may not be [...]