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While owning a foreign bank account is not illegal, failing to declare its existence is against the law. With bank secrecy laws crumbling around the world and the IRS pursuing tax evaders aggressively, the odds are far greater that you will be caught sooner rather than later. Read More

Some companies give flat bonuses every year. Other companies say it’s a bonus when it’s actually profit sharing or a cost of living adjustment. Sometimes it is structured around company performance. Here are a few tips for setting up an effective bonus structure. Read More

If you want to cash in on sales and move a lot of product, think about butterflies. Have you ever seen an ugly butterfly? Nope. There is a reason for that, and you can leverage the same concept in your business to boost your bottom line. Read More

Bookkeeping is one of the least popular administrative tasks for small business owners. Instead, outsource the number crunching—pay someone else to do it so you can focus on what’s really important for your business. Read More

Recently, I was asked by Jordan of Pennsylvania: I am preparing to pitch for a bank loan for my business. What sorts of materials and documentation should I prepare before I meet with the loan officer? What questions should I be prepared to answer? Below are answers from some members the Young Ent Read More

Have you ever wondered why your business isn’t making as much money as you think it should be? Maybe you haven't been asking the right questions. Read More

If you work on selling just a little more each week, you’ll find yourself racking up some pretty impressive cumulative results by year’s end. Read More

What would happen to your business if you suddenly disappeared for a day? How about a month? And what if you never came back? Could your business continue where you left off, or it would simply collapse and disappear into the annals of failed ventures? Read More

Want to protect your estate from Uncle Sam? There are few important changes you should pay attention to based on new legislation that passed in December for the 2011 tax year. Read More

Recently, I was asked by Meg of Houston, Texas: What are some potential alternative methods to financing a business other than angels and VCs? It’s a question I think most business owners have thought about at least once or twice – if not more. Below are answers from members of the Young Entrepr Read More