AB Law Blog
4 Tips to Scale Your Business for Sustainable Growth
Growth is only sustainable if you have the systems and resources to support it. As your company expands, so do your costs and workload. If you aren’t bringing in enough revenue to cover the increased demand, both your costs and workload can quickly become unmanageable. This is where “scale” comes in. Scaling your business is about planning for growth, so as your operation gets bigger, your costs and workload don’t increase to unsustainable levels. Effective scaling involves increasing revenue at a rapid rate, while increasing costs at a comparatively slower rate. Or it might require taking on investment capital, debt, or other funding to make investments before revenue would otherwise justify investment. Here are 4 tips to help ensure your company is properly scaled for sustainable growth…
A Lifetime Asset Protection Trust Can Safeguard Your Child’s Inheritance
LAPTs are primarily designed to protect your loved ones and their inheritance from much more common threats, such as divorce, serious debt, devastating illness, and unfortunate accidents. At the same time, LAPTs can provide your heirs with a unique educational opportunity in which they gain valuable experience managing and growing their inheritance, while enjoying airtight asset protection. To demonstrate how LAPTs can provide protection to families of all asset profiles, here we’ll describe a true story involving a tragic, relatable life scenario. While the following events are entirely true, the individual’s name has been changed for privacy protection…
Insurance Coverage You Might Not Know You Need
Outside of mandatory coverage, such as worker’s compensation, there are several types of insurance that practically every business owner should invest in. Depending on whether you have employees, use office space, provide services, or manufacture products, you’ll likely need some or all of the following policies…
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