by GPwebsiteV3! | Mar 2, 2020 | Business, GP Articles
In 2002, the Supreme Court of Mississippi ruled on Singley v. Singley. Singley established the treatment of goodwill in business valuations attendant with divorce cases. Under Singley and subsequent rulings, goodwill is excluded from the fair market value of a...
by GPwebsiteV3! | Feb 21, 2020 | Business, GP Articles, Tips
The final most costly mistake made by business owners is wearing too many hats. In the early going, you may be tempted to try to handle all aspects of your business yourself, but it’s critical to have a support team to help you move the business forward. If you feel...
by GPwebsiteV3! | Jan 14, 2020 | Business, GP Articles, Tips
Most likely, after reading our first three articles in this series, you’ve recognized that it’s best to proactively avoid costly mistakes when starting a business rather than retroactively correcting them. This next pitfall is no exception. Perhaps equally insidious...
by GPwebsiteV3! | Dec 20, 2019 | Business, GP Articles
In our two previous articles on the costly mistakes business owners with the best intentions sometimes make, we discussed selecting the appropriate entity type and establishing proper pricing of goods and services. Of equal importance is the careful selection of your...
by GPwebsiteV3! | Nov 22, 2019 | Business, GP Articles, Tips
In our last installment, we discussed the crucial nature of selecting the right entity type for a new or growing business. This week, we’re going to cover another dangerous pitfall for business owners: underpricing their goods or services. For a new or struggling...
by GPwebsiteV3! | Nov 5, 2019 | Business, GP Articles, Tips
Running a business is hard. Anyone that has ever run a small business knows that there are a multitude of mistakes to be made and each one offers its own series of lessons about how to do things better the next time. However, it’s good to know that someone else has...
