Clay Hamlin

A side-by-side image: On the right, an upscale restaurant with soft, warm lighting. In the foreground is a formal place setting, with silverware, cloth napkins, and crystal wine glasses on a dark wood table. On the left, a fast food restaurant with bright, fluorescent lighting and plastic blue, red and yellow booths. In the foreground, a fast food burger, fries, and a fountain drink sit on a blue plastic food tray. There are pitfalls business owners should know about before they expand. For example, merging two very different types of businesses, as illustrated in the image, can present unique challenges.

8 Things Every Business Owner Should Know Before Expanding

Expanding your business is an exciting leap. It means you’re doing something right and are ready for the next big move. But as thrilling as growth...

small business operations
A small business owner uses her downtime for self-development to participate in a leadership workshop.

Turn Downtime into Growth: Practical Tips for Small Business Owners

As a business owner, you're used to the hustle—juggling multiple responsibilities, solving problems, and keeping the business moving forward. But...

small business operations
Discover how to successfully incorporate artificial intelligence into your small business.

How to Use Artificial Intelligence (AI) in a Small Business

In today's fast-paced world, small businesses are constantly seeking ways to improve efficiency and productivity. One tool that has gained...

small business operations technology
Learn how transition your small business for a successful exit.

Small Business Exit Strategy: A Guide to Transitioning Your Company

Are you a small business owner considering transitioning out of your company? This is a significant milestone, and careful planning is key to a...

small business accounting small business operations retirement
Understand your balance sheet and make informed decisions for your business.

The Importance of Understanding the Financial Statement Balance Sheet

Understanding the ins and outs of the financial statement balance sheet can seem daunting. Whether you're a business owner or simply interested in...

small business accounting
Learn key tips and strategies to maximize your profit when selling a small business.

What to know before selling a small business

Are you thinking about selling your business? If retirement is on your horizon, you're not alone. At one time, many small business owners are...

small business accounting restaurant small business operations automotive repair
Save huge on taxes when you sell your business with the Section 1202 Exclusion.

Section 1202 Exclusion: Save Huge on Taxes When Selling Your Business

Your business means the world to you. You’ve fostered it from the beginning, working tirelessly to make sure that it has every opportunity for your...

small business accounting tax