Category Archives: Business Plan

8 Elements of an Effective Business Plan

In our series on starting a business, we have presented some important questions to consider and discussed why the first thing you should do is count the cash. Yet addressing these issues is just the bare bones of starting your … Continue reading

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5 Steps to Limiting Personal Liability in Business

The LLC and corporation are popular business entities because they limit the owner’s personal liability for actions taken on behalf of the business – but they don’t just magically erase that liability. Rather, these entities require regular attention to maintain the owner’s liability … Continue reading

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Breaking Even: It’s Sink or Swim for Your Business

Great ideas are fun to imagine, design and develop. But in business, no idea is worthwhile if it can’t make money. How do you know if your idea could make money? Honestly, you don’t. But don’t be discouraged! If you … Continue reading

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Starting a Business: Ask the Right Questions

In my time away from the office, I chair the Small Business Council of the West Anne Arundel County Chamber of Commerce. The Council directs the Chamber’s Business Resource Center, both an advisory group and data resource provider for businesses seeking to … Continue reading

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Scraped Knees and Rejected Business Loans

A friend of mine in business banking recently lamented that he’s had to reject most of the small business loan applications that have crossed his desk over the last few weeks. I suspect uncertainty in the changing tax laws is … Continue reading

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