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October 2018 Archives

What to include in a business plan

When creating a company in Colorado, an entrepreneur will ideally create a business plan. This plan should address key issues such as what the company will provide, how it will be funded and how it will grow its revenue over time. Prior to writing a business plan, it is a good idea to spend time researching the industry and talking to potential customers. Doing so can help a business owner gain the knowledge needed to be successful.

Colorado trucking company faces disability discrimination lawsuit

Individuals with disabilities can have a harder time applying for jobs that require a certain amount of physicality to them. However, regardless of their condition, they deserve a fair shot of applying for the position and going through the same procedures as everyone else. If employers fail to allow this, they are in violation of the Americans with Disabilities Act.

Merging businesses to maximize value

Colorado businesses may want to learn more about how they can maximize their profits and value by pursuing acquisitions. Buying another successful business can be a major mechanism for companies to boost their intellectual property profiles and integrate similar systems in order to increase profits and leadership in a specific sector. In order to make a merger successful, however, it is important to bring the two companies together in a way that reduces inefficiency and maximizes value.

Tips for getting an SBA loan

Many entrepreneurs in Colorado depend on small business loans. The U.S. Small Business Administration guarantees loans that small businesses can in turn get from lenders. This guarantee, along with guidelines created by the SBA, makes the loan process less risky for lenders.

Tax liens make financing harder

Debt is part of operating a business. Lines of credit and loans are often necessary to purchase inventory or make other required payments. If debts go unpaid, though, they can hinder the business's ability to operate. Colorado businesses that fall behind on tax payments to the government may have tax liens entered against them. Tax liens get paid before obligations to other creditors.