BizFilings Expert Insights

Organizational charts have been part of the business world for a long time, but are they the best way to build teams and achieve the greatest productivity? Entrepreneur, author, and speaker Mike Michalowicz says it may be time to burn those charts and embrace role alignment - an approach which matches employee skills to specific tasks as opposed to a specific title. Michalowicz tells us how this approach works in businesses both large and very small, how it adapts with new hires, and the improvements he's seen in his own businesses and beyond. Finally, Mike talks about how he sees and implements improvements to the workplace long before others see the need.


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No matter what type of business you own, you will face many of the same challenges. How do I attract and retain customers? How do I find and keep excellent employees? How do I turn a profit? We'll discuss these and several other critical questions with small business expert, blogger, and author Barry Moltz.

For additional information and resources: https://www.wolterskluwer.com/en/solutions/bizfilings

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Inflation easily remains the top challenge facing small businesses, according to a new survey of small business owners by the U.S. Chamber of Commerce and MetLife. The Small Business Index shows more than half of business owners are concerned about inflation. Other concerns include revenue, ongoing supply chain problems, and rising interest rates. U.S. Chamber of Commerce Vice President for Small Business Policy Tom Sullivan joins us to discuss the problems these issues are causing and the most effective strategies for dealing with them.

For additional information and resources: https://www.wolterskluwer.com/en/solutions/bizfilings

Access our full library of podcasts for small businesses
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Uncertainty was the only thing certain for business owners over the past few years. So what can you expect for 2023? Entrepreneur, author, and speaker Ramon Ray says the best way to grow in these economic times is to develop closer relationships with your existing customers and learn more ways you can serve them well. Ray also offers tips on attracting new customers, protecting your business from inflation, how to keep your prized employees happy and engaged, and whether 2023 is the right year to start a new business.

For additional information and resources:
https://www.wolterskluwer.com/en/solutions/bizfilings

Access our full library of podcasts for small businesses
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Remote employees give business owners access to far more talent, but it's vital to make sure that you hire and manage those remote workers and teams properly. DIYMarketers.com Publisher Ivana Taylor walks us through the homework that business owners need to do to understand the positions they're trying to fill, how to communicate your expectations clearly to avoid frustration down the road, and what to do when serious problems arise.

For additional resources: https://www.wolterskluwer.com/en/solutions/bizfilings

Access our full library of podcasts for small businesses
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More businesses than ever are hiring remote employees. But before going down that road, make sure you understand and consider the liability issues that may arise. Big Ideas for Small Business Inc. President Barbara Weltman walks us through three major areas to keep in mind: personal injury, data security, and keeping track of when an employee is working. Weltman also discusses the tax complications that may arise, particularly when employees work in different states.

For additional information and resources, please visit: https://www.wolterskluwer.com/en/expert-insights/how-to-start-a-business-10-steps-to-starting-a-business

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DIYMarketers.com Publisher Ivana Taylor shares her "winflation" mindset that she encourages all business owners to have during this time of inflation. Instead of focusing solely on cutting costs and raising prices, Taylor urges us to listen for other ways our customers wish we could help them and come up with enticing incentives for them to do more business with us. Taylor also highlights the value of finding ways to collaborate with other businesses and following up with existing and prospective customers to meet their needs.

For additional information and resources: https://www.wolterskluwer.com/en/solutions/bizfilings

Access our full library of podcasts for small businesses
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After enduring a pandemic and the accompanying economic hardship for two years, many business owners are now scrambling to deal with rapidly rising inflation and the ongoing supply chain problems. So how can you adapt to these conditions that are beyond your control? Melinda Emerson. also known as the Small Biz Lady, offers strategies to cut costs, raise prices, and try to keep your customers patient and loyal.

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The pandemic appears to be easing, but business owners may soon need to make some big decisions. BizFilings Service Manager Mike Enright offers his insights on how to navigate where and how employees will work, how to attract and keep the right employees in a challenging labor environment, how to meet evolving customer expectations and much more.

For additional resources on this topic, please visit:

https://www.wolterskluwer.com/en/expert-insights/getting-your-small-business-back-to-normal-in-2022

https://www.wolterskluwer.com/en/expert-insights/small-business-outlook-what-small-business-owners-can-expect-in-2022

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The government will soon be imposing a new beneficial ownership reporting rule as part of the Corporate Transparency Act, which was passed by Congress last year. CT Corporation Publications Attorney Sandra Feldman explains which entities will need to comply with the new rule, what potential exemptions exist, and what information the government is going to want in these reports.

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Small business expert Gene Marks offers business owners timely advice on how to handle inflation, supply challenges, and labor shortages in the new year. Marks also offers encouraging news on the affordability of AI tools that improve efficiency and will improve the bottom line. And he gives business owners a tip on how to get funds from the Small Business Administration at a good interest rate...but you need to act within the next couple of weeks.

A record number of new businesses started in 2020 but many aspiring entrepreneurs are still reluctant to chase their dreams because of their fear of failure. CT Corporation Manager of Customer Service Tim Jensen joins us to explain how that fear is actually a good thing that can be leveraged to make your new business even better. He also offers advice on how to translate prior business failures into future success.

For additional resources on this subject, please visit:
https://www.wolterskluwer.com/en/expert-insights/bizfilings-small-business-survey-2021

Access our full library of podcasts for small businesses
https://www.bizfilings.com/toolkit/guides/podcasts

Choosing the right entity is one of the most important decisions a business owner can make, and an entity that will protect you from having to pay corporate taxes on top of personal income taxes can be very attractive. It's known as an S Corporation. CT Corporation Manager of Customer Service Tim Jensen explains what it takes to be eligible to file as an S Corporation, how this entity differs from other entity types, and what the ongoing compliance requirements look like.

For additional information and resources:
https://www.wolterskluwer.com/en/solutions/bizfilings/incorporation-options

Access our full library of podcasts for small businesses
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Could a holding company be the key to making sure your business survives tough stretches and unexpected interruptions like a pandemic? CT Corporation Publications Attorney Sandra Feldman explains what holding companies and operating companies are and walks us through the major benefits and possible drawbacks of choosing this kind of business structure.

For more information and resources, please visit:
https://www.wolterskluwer.com/en/expert-insights/using-holding-and-operating-companies-to-protect-business-assets

https://www.wolterskluwer.com/en/expert-insights/liens-can-secure-funding-and-protect-business-assets

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One of the first critical decisions for any aspiring business owner is determining the right business formation or incorporation for you. But why is it important? What are the different options for incorporation and what should be the most important factors in choosing one? We discuss all of this and the incorporation process with CT Corporation Customer Service Manager Tim Jensen.

Access our full library of podcasts for small businesses
https://www.bizfilings.com/toolkit/guides/podcasts

A record number of new businesses started in 2020 but many aspiring entrepreneurs are still reluctant to chase their dreams because of their fear of failure. CT Corporation Manager of Customer Service Tim Jensen joins us to explain how that fear is actually a good thing that can be leveraged to make your new business even better. He also offers advice on how to translate prior business failures into future success.

For additional resources on this subject, please visit:
https://www.wolterskluwer.com/en/expert-insights/bizfilings-small-business-survey-2021

Access our full library of podcasts for small businesses
https://www.bizfilings.com/toolkit/guides/podcasts

Choosing a name for your business is one of the most important decisions any business owner will make. You want it to be memorable and to explain exactly what you do. But naming a business also needs to follow the rules in your state. What do you do if some other business already has the name you want? What is the difference between a legal name and the name the public knows you by? And what words should you be careful not to include in your business name? We discuss all of those questions and much more with Tim Jensen, manager of customer service at CT Corporation.

For additional information and resources on naming your business, please visit::
https://www.wolterskluwer.com/en/expert-insights/assumed-names-dba-what-you-need-to-know

Access our full library of podcasts for small businesses
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Over the past 18 months, Special Purpose Acquisition Companies, or SPAC's, have exploded in popularity for businesses and celebrity influencers. But what exactly is a SPAC? What advantages does it have compared to a more traditional initial public offering? What risks should you know about? And how could it impact your business? We get answers to these questions and more with CT Corporation Senior Director Amit Rajvanshy.

For additional resources on this topic:
https://www.bizfilings.com

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It is vital for business owners to protect themselves and their firms through a formal business entity. The limited liability company, or LLC, is an extremely popular choice, but why is that? CT Corporation Customer Service Manager Tim Jensen joins us to explain the many benefits of LLC's and the due diligence you need to perform before making your choice official. Jensen also walks us through the steps of setting up an LLC and discusses the ongoing responsibilities that come with it.

For additional resources on this topic, please visit:
https://www.wolterskluwer.com/en/solutions/bizfilings/incorporation-options

Access our full library of podcasts for small businesses
https://www.bizfilings.com/toolkit/guides/podcasts

Some businesses are looking to acquire other firms weakened by the pandemic and others are looking to merge to stay afloat. But as these opportunities present themselves, what do business owners need to know before completing a deal? CT Corporation Publications Attorney Sandra Feldman shares five critical pieces of information you will need before signing any agreement.

Access our full library of podcasts for small businesses
https://www.bizfilings.com/toolkit/guides/podcasts