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Doing Business Archives - Eric S. Degen, CPA Titan Accountancy

July 22, 2024

Innovation is a State of Mind

You probably know the myth of innovation as a sudden flash of insight that comes from nowhere. We read about that “aha” moment, or that light bulb turning on in the mind of some inventor or innovator, and this is true to an extent. Einstein really did get flashes of insight while shaving in the

April 23, 2024

Why 90% of Small Businesses Fail

In the world of entrepreneurship, small businesses play a pivotal role in driving innovation, creating jobs, and stimulating economic growth. However, despite their significance, a staggering 90% of small businesses fail within their initial years. This high failure rate can be attributed to a variety of factors ranging from financial mismanagement to market dynamics. Understanding

March 18, 2024

10 Tips For Building Strong Relationships With Your Consulting Clients

When meeting with consulting clients, many professionals naturally feel comfortable getting down to business by heading straight to crunching numbers, going through reports, etc. This approach may seem logical, but it’s not always the best approach for relationship building. What many professionals might consider a confident tone may come across as overbearing or even intimidating

December 20, 2023

2024: Shifting Trends, Technologies and Regulatory Changes

As we look towards 2024, small businesses are poised to navigate a landscape shaped by various trends, technologies, and regulatory changes: Artificial Intelligence (AI): AI continues to be a significant trend, with its integration in various business operations such as marketing and customer service. Small businesses using AI have reported more successful outcomes. The focus

November 17, 2023

The Journey Through the 5 Stages of Business

The journey of a business from inception to maturity is typically divided into five distinct stages of business. Each stage presents unique challenges and opportunities, and understanding these can help entrepreneurs and business managers navigate the complex world of business more effectively. 1. Development and Seed Stage: This initial stage is all about idea formation

September 19, 2023

Identifying and Cultivating Opportunities: Guidance for Small Businesses

In today’s competitive business landscape, the identification and cultivation of opportunities can be the distinguishing factor between stagnation and growth.  Below, we share some guidance for small businesses to help you harness potential avenues for expansion. Continual Education is Paramount To stay ahead in any industry, one must maintain an up-to-date knowledge base. Regularly attending

May 31, 2023

Taking Vacation Time You Deserve

As we head into summer, it seems fitting to have a few words of discussion about vacation time.  Much advice exists on disconnecting from work and returning to the office relaxed and revitalized, but which approach is right for you? According to Scott Edinger, founder of the Edinger Consulting Group “You’ll actually get worse at

February 28, 2023

Benefits of a Non-Disclosure Agreement

A non-disclosure agreement (also known as an NDA) is a contract between two parties which outlines confidential information that one party wishes to protect and keep confidential from the other. There are many benefits associated with using an NDA, and in this article, we will discuss some of them. First and foremost, an NDA helps

July 26, 2022

Tips to Help Win More Proposals

You have landed the opportunity to present your proposal to a prospective new client.  You should always have a game-plan and the following preparatory and presentation tips should help tip the scales in your favor. Do the proper research. Learn as much about the prospective client before meeting as you can.  “Google is your friend.” 

April 25, 2022

How to Be a Creative Entrepreneur

There’s a great line in Alice in Wonderland when the Queen says, “Sometimes I think of 6 impossible things before breakfast.” I think you’ll agree that this has to be creativity at its best! As a small business owner this is an ideal you really need to strive for … but how on earth can