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24 Nov Self-employed artist needs advice about record keeping. Lately my business has been growing and I find myself in need of having more than a pen and paper record /receipt keeping system. Unfortunately, I am not very familiar with different types of software options. Would you suggest a starting point for me?

There are several options for accounting software that can help you out. QuickBooks is by far the most popular, well-known application for this, but that doesn't necessarily mean that it's the best for your needs. How many different reports do you need? Do you have...

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24 Nov I’m developing a compensation plan for outside sales reps selling a managed IT solution. I’m starting from scratch so any tips, examples or suggestions would be greatly appreciated. No point in trying to reinvent the wheel, right?

For one thing, keep the compensation simple. Percentages of order values work well in cases like this. Decide if you're doing straight commission or a base plus commission. Try to keep the program incentive based on performance and long term contractual agreements. If you speak...

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24 Nov I am looking for a creative way to deal with a common problem. The owner needs to sell the business. The value of the business depends on the owner’s continued involvement for at least 18 months. The owner is not amenable to employment and the buyer does not want a consulting agreement. Any ideas?

The first thing I'd try is to find out what the specific issues of consulting verses employment of the selling and buying parties were. Talk with each of the parties; find the common ground in the specifics of what they both agree on. I'd then...

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24 Nov I am the owner of a pet grooming business (located right next to a vet office). I have a regular clientele, but would like to expand my business. The majority of the new business comes via referral from the existing clients and the vet. Any suggestion on how to increase my business?

Being next to a vet is a great location for you, but just location won't help you expand. There are several marketing strategies you can use, but your best bet would be to try targeting audiences in corresponding businesses. Like you do with the vet's...

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