Remove Budget Remove Gifts Remove Retirement Remove Suppliers
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How to Know If You’re Financially Ready to Start a Business

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suppliers, margins, and so forth). For example, if a relative gives you an intrafamily loan, they’ll want to charge a minimum interest rate so it doesn’t count as a gift (which would trigger gift taxes). Are you currently earmarking 15% to 20% of your income for retirement? What’s your mission statement?

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The What, Who and How of Outsourcing… So You Can Let Go

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When Harry Hecht, an Orlando, Florida-based mentor with SCORE—originally named the Service Corps of Retired Executives—encounters business owners who are reluctant to outsource, he has them track their time. “I As a company, we lead with our hearts and are very transparent with our suppliers,” she says.

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