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When you're negotiating a sale, the situation can require even more compromise. Your business likely relies on sales, putting you in the mindset that you'll do anything to win over your customers, but you have to make sure that each sale still offers you enough margin to turn a profit. Read More

The IRS wants businesses to pay their taxes online, as well as file their taxes online. It's faster, eliminates the need for the IRS to have people open envelopes and process paperwork and has been running for more than a decade. Read More

What do you do when a competitor cuts prices significantly? This post says that cutting your prices is rarely the best option and provides some solid alternatives. Read More

I read the 4-Hour Workweek not too long after it came out. I bought a copy for my dad, recommended it to my friends and generally considered it a solid inspirational piece. But as its popularity has grown and Tim Ferriss has effectively become synonymous with words like ‘lifestyle design’ and ‘productivity,’ I’ve noticed a serious problem. Read More

Negotiation is not a business tactic that everyone is going to be comfortable with. Reasons vary: It can be intimidating to tell a client or a vendor something that he doesn't want to hear. It can be a matter of cultural comfort zones — while some cultures encourage negotiations, others view the negotiation process as not much better than an argument. To be a successful business owner, however, i Read More

Encrypted emails can enable a company to handle more business online, without concerns of sensitive data ending up somewhere it shouldn't. Read More

For many businesses, the prices your vendors ask can make or break you. And even if price is no object, your vendors' abilities to deliver products or services on time, while avoiding errors or damaged products can control the fate of your business. However, if you take care to negotiate contracts with your vendors that protect your business, you can create a long-term relationship that will help Read More

If a crisis or opportunity happens, you need to be able to get in touch with business professionals, like your PR consultant or lawyer, quickly. Read More

Press releases can be very effective tools to bring the media’s attention to a particular event or topic. However, it’s easy to send out press release after press release, yet feel like you have nothing to show for it. You need to know how to effectively use a press release to market your business with press releases. Read More

Retirement planning can play an important role in your business planning. It can offer opportunities to minimize your tax burden, build additional assets and make sure that if you do find yourself ready to retire down the road, you’ll be in a comfortable position to do so, no matter what. Read More