Intrepid Private Capital Group Financial News Blog

Intrepid Private Capital Group

How to Craft a Mission Statement for your Small Business

Does your small business have a clear, well-defined mission statement? If not, it should! According to Gallup, having a mission benefits small businesses in several different ways, such as boosting loyalty, fostering customer engagement, improving strategic alignment, and more. But how exactly do you create a mission statement? Purpose of a Mission Statement The purpose…

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Commonly Overlooked Tax Write-Offs for Small Businesses

In case you didn’t get the memo, tax day is right around the corner.  This year (2016), the Internal Revenue Service has placed a filing deadline of April 16, after which all returns will be considered late. If you’re a small business owner, you should use this time to double-check your financial documents to ensure…

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Benefits of Incorporating

Top 5 Benefits of Incorporating Your Business

While there’s no rule stating that you must incorporate your business, doing so offers several key benefits. If you currently operate your business as a sole proprietorship or under a general partnership, transitioning to a limited liability company (LLC) or corporation can prove well worth the minimal investment of your time and resources. To learn…

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Selecting the Right Legal Structure for Your Business

If you’re thinking about starting your own business, you’ll need to choose an appropriate legal structure. Far too many entrepreneurs neglect this otherwise critical step, resulting in higher taxes, more paperwork, and less protection of personal assets. Today, we’re going to take a closer look at some of the most common legal structures for businesses,…

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Business 101 – Identify and Focus on Your Target Market

Part of running a successful business is matching your products or service with the right audience. If you operate a wedding dress boutique, for instance, you’ll want to focus your marketing efforts on newly engaged women, simply because this demographic is most likely to purchase your products. By identifying your “target market,” you’ll have an…

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Polio, World War II, the Academy Awards, and Business Financing

“What on Earth can financing of a worthwhile Project possibly have to do with Polio, World War II and the Academy Awards?” Occasionally, Intrepid will receive a business plan that is genuinely inspired but – for some reason – the timing for the Project just isn’t quite right. Perhaps the technology to make the concept…

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Do What You Love and You’ll Never Have to Work Again

There’s an old saying that goes: do what you love and you’ll never have to work another day in your life. The famous Chinese teacher, politician and philosopher Confucius was responsible for pioneering this phrase. And while he made the statement thousands of years ago (yes, it’s THAT old), it still holds true to this…

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Stick with Your Business Idea (Don’t Give Up)

Many entrepreneurs have a tendency to jump from idea to idea, experimenting with a variety of business ideas instead of focusing their efforts on just one. In some cases, this may work. In most cases, though, it’s a recipe for failure. New Businesses Don’t Become Profitable Overnight If you recently launched a new business and are…

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You’re Only as Good as Your Employees – Choose them Wisely

One of the most important steps in launching a new business is choosing your employees. These are the people who will be representing your brand, so it’s essential that you choose the right ones. Employee Theft There are a number of reasons why it’s important to hire the right the employees, one of which is…

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Networking is a Key Component in Business

As a business owner, you should constantly be working to develop a strong network of contacts. These contacts may include clients/customers, suppliers, vendors, service providers, marketing experts, and other like-minded professionals. But many entrepreneurs are reluctant to acknowledge the importance of networking, assuming it offers little-to-no benefit. So, why is networking such a critical piece…

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