There are really two kinds of entrepreneurs. There are those with a passion to “hang their own shingle,” who are willing to buck the odds that say more than 80 percent of start-ups will fail during the first five years. As for the second group, while they carry the same entrepreneurial spirit as the first, they don’t want to start over by themselves. Read more…

Murphy Business was recently honored as a top 10 business brokerage firm in North America. Pictured are Tom Miller, Dan Bauer, CEO Roger Murphy and Vice President Jim Sinclair. Murphy Business of Minnesota in Eden Prairie recently received various business brokerage honors. Daniel Bauer, managing partner of Murphy Business of Minnesota, was recently honored at Murphy Business and Financial Corp.’s annual conference when he was given the distinction of Multi-Million Dollar Producer. This award is given to the top quartile (25 percent) of all business brokers in total sales for the previous year. This award is also given to honor Bauer for demonstrating the highest level of professionalism and ethics, according to a news release. Read more… Originally posted by Eden Prairie News

Murphy Business & Financial Corporation, the world’s largest full-service business brokerage firm with more than 175 franchise units in the United States and Canada, announced its 2014 “Top Producer” honorees. This set of top-performing business brokers received the coveted honor during the brokerage firm’s annual conference in the prestigious Hilton Clearwater Beach Resort in Florida. “The Murphy Business Educational Conference is one of my favorite times of the year,” said Roger Murphy, president and CEO of Murphy Business. “Nothing is better than getting our impressive team of Business Transaction Specialists together for the sole purpose of providing our clients with the best possible service. We plan to continue delivering results as the finest business brokers in the industry, as well as the most trusted business brokerage firm in North America.” Originally posted by Franchising.com

  Natural disasters may hit at any time of the year, but the recent wildfires in Colorado and derecho (line of violent thunderstorms) that cut a path across the Midwest and mid-Atlantic have made Americans aware that the atmosphere is often very unstable during the summer months. Have you given any thought to a disaster plan of action for your small business? Having a continuity strategy in place prior to an emergency situation can go a long way toward helping your company return to normal business operations sooner. An obvious place to begin is reviewing and possibly updating your insurance coverage. Store hard copies of important insurance and other paperwork in a safe place. A remote location is ideal, provided you are able to easily retrieve these documents after a disaster. As you plan how your business would function day-to-day, think about how you would communicate with your employees. Are… Read more »

Did you know that your small business is subject to the same regulations as a giant commercial entity? If you find this startling news, you’re not alone; most entrepreneurs in the United States assume that laws apply only to much larger corporations. All companies – small, medium, large and mammoth – must adhere to the applicable local, regional and national laws and regulations. Hopefully, you’ve been aware of these since the day you opened for business, but if not, we encourage you to take the time now to become compliant. You may wish to engage legal counsel to explore these areas more thoroughly and ensure you have adequately covered yourself and your company. Let’s begin with your great idea: have you protected your intellectual property? You may wish to investigate filing for a trademark, patent or copyright. A related issue is having non-disclosure contracts in place to prohibit employees or… Read more »