How to Get Your Small Business Off the Edge of Bankruptcy

Bankruptcy filing

TL;DR

  • Choosing the right business structure, like an LLC, can protect personal assets and reduce risk.
  • Chapter 11 bankruptcy offers a chance to reorganize debt and restore business operations.
  • Maintaining cash flow, cutting costs, and boosting revenue are key to long-term stability.
  • Emergency funds and regular audits help detect and prevent financial trouble early.
  • Open communication with creditors and legal advice can help small businesses avoid bankruptcy.

One of the essential foundations for maintaining financial stability in a small business is choosing the right business structure. According to the Small Business Administration, an LLC (Limited Liability Company) is one of the most common types of business structures for small enterprises.…

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Automotive Tariffs: Will Chevrolet Prices Be Affected?

Chevrolet

TL;DR

  • Chevrolet vehicles may face price increases due to U.S. automotive tariffs on imported cars and parts.
  • Vehicles built outside the U.S. or using foreign parts could see price hikes up to $13,000.
  • Even U.S.-assembled Chevys might be affected if they include imported components.
  • Tariffs may also lead to inventory shortages, production delays, and part supply issues.
  • Buying now or choosing U.S.-built models can help avoid higher costs.

The automotive tariffs apply to a range of different countries that produce vehicles used in the US. Chevrolet does produce vehicles and parts outside of the US, so they can be impacted by the upcoming tariffs.…

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Case Study: In Italy, People Choose to Become a Taxi Driver than CEO. Here’s Why

In a country celebrated for its art, fashion, and cuisine, a curious phenomenon is unfolding—one that challenges traditional career aspirations. In Italy, many people are increasingly choosing to become taxi drivers instead of climbing the corporate ladder to become CEOs. While it may seem counterintuitive in a world obsessed with titles and LinkedIn status updates, the Italian context offers a surprising perspective that redefines what success truly means.

Italian taxi

photo credit: Lorenzo Alessio Messina / Pexels

This case study dives into the reasons behind this shift, exploring economic, social, and psychological factors that are reshaping Italy’s professional landscape.

The CEO Dream—Not What It Seems

Let’s start with the elephant in the room.…

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A Step-by-Step Guide to Building a Customer Journey Map

Creating a customer journey map is a strategic exercise that empowers businesses to understand and enhance the experiences of their customers, whether in B2B or B2C contexts. By visualizing every interaction a customer has with a brand—from initial discovery to long-term loyalty—a journey map uncovers opportunities to improve engagement, streamline processes, and boost conversions.

Customer journey map

This guide provides a clear, actionable roadmap for building a customer journey map that aligns with business objectives and delivers measurable outcomes, ensuring each step is grounded in customer insights and practical execution.

Step 1: Establish Clear Objectives

The foundation of a successful customer journey map lies in defining its purpose.…

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Australia’s New Climate Reporting Law: A New Era for Corporate Accountability and ESG Compliance

Australia has entered a new era of corporate transparency and environmental responsibility with the introduction of mandatory climate accounting laws. As of January 2025, large and medium-sized Australian businesses, as well as financial institutions, are legally required to disclose detailed information about their climate-related risks, opportunities, and greenhouse gas emissions.

Corporate accountability and ESG compliance

This landmark legislation not only aligns Australia with global sustainability standards but also sets a new benchmark for Environmental, Social, and Governance (ESG) compliance.

The Legal Backbone: What the Law Requires

The Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024 amends the Corporations Act 2001, making climate reporting a legal obligation for thousands of organisations.…

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3 Hands-On Careers That Don’t Require a College Degree

In today’s fast-paced job market, many individuals are opting for hands-on careers that offer both stability and personal satisfaction without the need for a college degree. These professions not only provide opportunities for excellent wages but also allow individuals to develop valuable skills and make impactful contributions to their communities.

Roofing as a career

As traditional education paths become increasingly costly and time-consuming, pursuing a practical trade can be a wise and fulfilling choice.

1. Roofer

Working as a roofer can be both a rewarding and lucrative choice for those seeking a practical career without a college degree. It offers a unique opportunity to work outdoors, contributing to the protection and aesthetics of homes and businesses alike.…

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Breakthrough Results in Digital Strategy via Adwords Consulting

In today’s fast-paced digital landscape, businesses are constantly seeking innovative strategies to stand out and achieve breakthrough results. One such strategy that has proven to be a game-changer is leveraging adwords consulting. This approach allows businesses to optimize their online presence and drive significant growth.

Google Adwords

But what exactly makes adwords consulting so impactful, and how can you harness its power to elevate your business to new heights?

Understanding Adwords Consulting

Adwords consulting is a specialized service that focuses on managing and optimizing Google Ads campaigns. This expertise enables businesses to maximize their advertising spend, ensuring that every dollar invested translates into measurable outcomes.…

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Custom Android Application Development: A Comprehensive Guide

In today’s fast-paced digital world, businesses and individuals increasingly rely on mobile apps to deliver services, connect with users, and streamline operations.

Android app development

Among the two dominant mobile platforms—iOS and Android—Android holds a significant market share globally. This makes Android app development a top priority for many organizations. However, while there are numerous off-the-shelf Android applications available, custom Android application development offers distinct advantages that generic solutions simply can’t match.

What is Custom Android Application Development?

Custom Android application development refers to the process of designing and building Android apps specifically tailored to meet the unique requirements of a business, brand, or individual user.…

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Form 941: What Small Business Owners Need to Know to Stay Tax Compliant

Staying on top of your tax responsibilities is key to running a successful small business, and one of the most important recurring filings you’ll handle is Form 941 (Employer’s Quarterly Federal Tax Return).

Tax compliance

In this article, we’ll walk you through everything you need to know about Form 941—from who must file to deadlines, deposit schedules, and how to correct errors—so you can stay compliant and avoid penalties.

Understanding Form 941

Form 941 is required for most small businesses that withhold federal income tax, Social Security tax, and Medicare tax from employees’ wages. It’s used to:

  • Report wages paid
  • Withholdings and employer taxes
  • Adjustments (such as for tips or group-term life insurance)
  • And any tax deposits made during the quarter

Put simply, Form 941 gives the IRS a quarterly snapshot of your payroll activity and the taxes you’ve paid or owe.…

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3 Professions with Excellent Earnings in 2025

As the job market continues to evolve, certain professions are emerging as frontrunners for excellent earnings in 2025. Driven by technological advancements and societal needs, these roles not only promise financial rewards but also offer significant opportunities for personal and professional growth.

Dentist

This article explores three such professions, examining the trends that are driving their demand in the coming years.

1. Hair Removal Expert

As society places increasing importance on personal grooming and aesthetics, careers in hair removal are becoming increasingly lucrative. Offering services such as laser hair removal requires a well-trained expert, as clients typically need to return for about three to seven procedures to achieve permanent results.…

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