If you make an installment purchase of business property, the contract between you and the seller generally provides for the payment of interest. If no interest or a low rate of interest is charged under the contract, a portion of the stated principal amount payable under the contract may be recharacterized as interest (unstated interest). The amount recharacterized as interest reduces your basis in the property and increases your interest expense. For more information on installment sales and unstated interest, see Pub. 537.
According to a trusted source close to the company, Primary Data’s problem from the outset was that its technology was never quite as compelling as it needed to be, given that it was trying to sell mission-critical software. (If it’s not up to snuff, data virtualization software can create challenges with manageability, usability, data quality and performance.)
In 2017, you do not have an applicable financial statement and you purchase five laptop computers for use in your trade or business. You paid $2,000 each for a total cost of $10,000 and these amounts are substantiated in an invoice. You had an accounting procedure in place at the beginning of 2017 to expense the cost of tangible property if the property costs $2,000 or less. You treat each computer as an expense on your books and records for 2017 in accordance with this policy. If you elect the de minimis safe harbor in your tax returns for your 2017 tax year, you can deduct the cost of each $2,000 computer.
You can usually deduct as a business expense the cost of institutional or goodwill advertising to keep your name before the public if it relates to business you reasonably expect to gain in the future. For example, the cost of advertising that encourages people to contribute to the Red Cross, to buy U.S. Savings Bonds, or to participate in similar causes is usually deductible.
Small business owners and other organization leaders may explore a variety of options designed to influence the enterprise's life cycle—from new products to new markets to new management philosophies. After all, once a business begins to enter a decline phase, it is not inevitable that the company will continue to plummet into ultimate failure; many companies are able to reverse such slides (a development that is sometimes referred to as turning the OLC bell curve into an "S" curve). But entrepreneurs and managers should recognize that their business is always somewhere along the life cycle continuum, and that business success is often predicated on recognizing where your business is situated along that measuring stick and adopting strategies best suited to that position in the cycle.
Different parties disagree about which side was responsible — Khosla Ventures or [chemical engineer Paul] O’Connor and the CEO — but most agree that KiOR made poor hiring decisions as it staffed up. The result was a relative preponderance of lab researchers with Ph.D.s and a dearth of people with technical, operational experience running energy facilities. The lack of people with real operational experience “hurt KiOR a lot,” says O’Connor.

Paul and I were definitely working together, especially on "A Day in the Life" ... The way we wrote a lot of the time: you'd write the good bit, the part that was easy, like "I read the news today" or whatever it was, then when you got stuck or whenever it got hard, instead of carrying on, you just drop it; then we would meet each other, and I would sing half, and he would be inspired to write the next bit and vice versa. He was a bit shy about it because I think he thought it's already a good song ... So we were doing it in his room with the piano. He said "Should we do this?" "Yeah, let's do that."[7]
The type of deduction you are allowed in the year of repayment depends on the type of income you included in the earlier year. For instance, if you repay an amount you previously reported as a capital gain, deduct the repayment as a capital loss on Form 8949. If you reported it as self-employment income, deduct it as a business deduction on Schedule C (Form 1040) or Schedule C-EZ (Form 1040) or Schedule F (Form 1040).
You will need an e-commerce solution on your website so you can continue to take pre-orders from non backers. This keeps cash flowing into the businesses, enabling you to build more units. It also gives people an action to take when they do hear about your brand because coming to your website to read “we are sold out, sorry” is a very dead end experience.
The Right to Confidentiality. Taxpayers have the right to expect that any information they provide to the IRS will not be disclosed unless authorized by the taxpayer or by law. Taxpayers have the right to expect appropriate action will be taken against employees, return preparers, and others who wrongfully use or disclose taxpayer return information.
Your state imposes a tax on personal property used in a trade or business conducted in the state. This tax is assessed and becomes a lien as of July 1 (accrual date). In 2017, the state changed the assessment and lien dates from July 1, 2018, to December 31, 2017, for property tax year 2018. Use the original accrual date (July 1, 2018) to determine when you can deduct the tax. You must also use the July 1 accrual date for all future years to determine when you can deduct the tax.
At this stage, you should garner advice and opinion as to the potential of your business idea from as many sources as possible: friends, family, colleagues, business associates, or any industry specialists you may have access to. Ultimately the success of your business will come down to many factors– including your own abilities, the readiness of the market you wish to enter and, of course, the financial foundation in place (how are you going to finance your launch?).
While it’s fair to say that business is never not challenging, a look at each of the stages of the business lifecycle highlights a unique set of obstacles to deal with and overcome. You will have to be flexible in your thinking and adapt your strategy as you move along. Indeed, different approaches are required for market penetration versus, for example, what may be required to achieve growth or retain market share.

Expenses of creating an active business are costs incurred after the investigatory process has determined that a particular business should be acquired or established but before the business actually begins operations. The House report on the Miscellaneous Revenue Act of 1980, P.L. 96-605, which enacted Sec. 195 (H.R. Rep't No. 96-1278, 96th Cong., 2d Sess. 10 and 11 (1980)), lists the following as examples of such costs:

Once I was forced to discard my protective incompetence, I found that business was neither so hard nor so boring as I feared. There are esoteric areas of business that are quite hard, like tax law or the pricing of derivatives, but you don't need to know about those in a startup. All you need to know about business to run a startup are commonsense things people knew before there were business schools, or even universities.


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If the IRS files a substitute return, it is still in your best interest to file your own tax return to take advantage of any exemptions, credits, and deductions you are entitled to receive. The IRS will generally adjust your account to reflect the correct figures. If you filed a past due return and have received a notice, you should send us a copy of the past due return to the indicated address. It takes approximately 6 weeks for us to process an accurately completed past due tax return.
Uniform capitalization rules apply to certain taxpayers who produce real property or tangible personal property for use in a trade or business or for sale to customers. They also apply to certain taxpayers who acquire property for resale. Under these rules, you either include certain costs in inventory or capitalize certain expenses related to the property, such as taxes. For more information, see chapter 1.
The way out: Six years passed before Huh decided to buy I Can Haz Cheezburger and begin building his funny-blog empire. During that time, he came to terms with the fact that investors understood the risks, and that Raydium might not have worked even if he'd raised enough money. He compares the process of starting over to getting back on a bicycle: "You know how painful it can be, but you do it anyway," he says. "I think you are better prepared, mentally and financially, but you never know if it's going to be successful. That's called maturity."

During the shake-out phase, sales continue to increase, but at a slower rate, usually due to either approaching market saturation or the entry of new competitors in the marketThreat of New EntrantsThe Threat of New Entrants refers to the threat that new competitors pose to current players within an industry. It is one of the forces that shape the competitive landscape of an industry and helps determine its attractiveness. Other forces are competitive rivalry, bargaining power of buyers, threat of substitutes,. Sales peak during the shake-out phase. Although sales continue to increase, profit starts to decrease in the shake-out phase. This growth in sales and decline in profit represents a significant increase in costs. Lastly, cash flow increases and exceeds profit.
It is with our sincere apologies that we must let you know that Halo Smart Labs is closing its doors. You may have noticed a lack of available product and support responses, and we apologize for taking so long to let you know what is going on. While we are proud to have created a best in class product, it takes more than a great product to make a great business. Despite the best efforts of our team, ultimately the resources required to continue making and supporting Halo products were beyond our reach.

With money in the bank, there is a temptation to attempt every idea that we've always dreamed about. That doesn't work, does it? What works instead is a clearly articulated strategy and laser sharp focus. As one of our advisers, Sanjay Anandram often says, "Focus is spelled as 'No'". Keeping with this, we have cut down many products that were not aligned with the 3 year plan, potentially taking a short term revenue hit. The idea is to free up knollies to work on high-impact products and produce stellar outcomes.


For a variety of reasons, more on the side of the money guys and not because of us, the transaction didn’t go through … We had several groups looking to acquire us, and for a variety of reasons those didn’t pan out … We were building an enterprise software platform. It was a very expensive proposition, with high potential rewards … There was a high demand and high interest in what we were doing. That is what was so disappointing. I think you will see several companies license our technology … This has nothing to do with the competition. It has to do with the funding issue. I think there is huge demand for new approaches with game engine technology.
Hello recently held discussions to sell its assets in what one source described as “a firesale” to Fitbit, but the deal fell through, according to a source familiar with the situation. According to a blog post from founder and CEO James Proud, the company continues to seek buyers for its assets. “The past few weeks we have been working hard to find the right home for Sense and we are still focused on that,” wrote Proud.

The costs of developing oil, gas, or geothermal wells are ordinarily capital expenditures. You can usually recover them through depreciation or depletion. However, you can elect to deduct intangible drilling costs (IDCs) as a current business expense. These are certain drilling and development costs for wells in the United States in which you hold an operating or working interest. You can deduct only costs for drilling or preparing a well for the production of oil, gas, or geothermal steam or hot water.


In the past year, the Lily family has had many ups and downs. We have been delighted by the steady advancements in the quality of our product and have received great feedback from our Beta program. At the same time, we have been racing against a clock of ever-diminishing funds. Over the past few months, we have tried to secure financing in order to unlock our manufacturing line and ship our first units – but have been unable to do this. As a result, we are deeply saddened to say that we are planning to wind down the company and offer refunds to customers (details below).
The funding and deal activity pullback in Q4’15 was a reality check for venture, and there is more of a focus on business fundamentals. We rounded up 11 startups deserving of an autopsy from the tail-end of 2015 and the start of 2016. From Rdio to the massive KiOR (that raised $403M in total funding), there were a variety of lessons to be learned: hiring problems, inability to compete, legal issues, and many more.
Amortized start-up expenses would include the cost of items such as the following: an analysis of the need for a landscaping company in a particular area, securing prospective seed and plant suppliers, locating land for the nursery (but not any fees incurred in acquiring the land), advertisements announcing the opening of the business, business licenses, certain professional services (for example, an accountant’s fees for setting up a bookkeeping system). However, you would not be able to amortize expenses incurred in acquiring equipment such as tools and lawn mowers because expenses incurred for a particular asset generally are recovered through depreciation deductions.
Instead of using the method described earlier to determine the total recoverable units, you can use an elective safe harbor. If you choose the elective safe harbor, the total recoverable units equal 105% of a property's proven reserves (both developed and undeveloped). For details, see Revenue Procedure 2004-19 on page 563 of I.R.B. 2004-10, available at IRS.gov/irb/2004-10_IRB/ar15.html.
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If you have the financial means, take some time off. Travel and eat good food and make a few new friends or find some new lovers. If you’re completely wiped out financially from living the life of a founder, do what it takes to stabilize things quickly. That might mean consulting, or even worse, taking a cushy corporate job. Do whatever it takes to rebuild a foundation for yourself. I recommend doing this before jumping back into startup life. Without a pause and chance to reset your batteries you may find yourself in the same situation again far too soon.
Should a startup founder expect to stay on after the company is sold? That’s the billion-dollar question being asked after Flipkart’s Sachin Bansal was reportedly sidelined by Flipkart-Walmart deal. To avoid a similar fate, Ola co-founder and chief executive Bhavish Aggarwal is strengthening his legal rights against potentially hostile action by shareholders.

Here, the company needs to identify what the actual PLM activities are and then re-evaluate existing PLM capabilities. All processes, their applications, relevant metrics and data that follow the product through its lifecycle need to be carefully studied and their effectiveness critically evaluated. This process can help identify any incoherent or disconnected areas and work on streamlining these. This activity can also help ensure that all metrics measure what they should.


On January 1, 2017, you took out a $100,000 discounted loan and received $98,500 in proceeds. The loan will mature on January 1, 2027 (a 10-year term), and the $100,000 principal is payable on that date. Interest of $10,000 is payable on January 1 of each year, beginning January 1, 2018. The $1,500 OID on the loan is de minimis because it is less than $2,500 ($100,000 × 0.0025 × 10). You choose to deduct the OID on a straight-line basis over the term of the loan. Beginning in 2017, you can deduct $150 each year for 10 years.
Sometimes the VCs want to install a new CEO of their own choosing. Usually the claim is that you need someone mature and experienced, with a business background. Maybe in some cases this is true. And yet Bill Gates was young and inexperienced and had no business background, and he seems to have done ok. Steve Jobs got booted out of his own company by someone mature and experienced, with a business background, who then proceeded to ruin the company. So I think people who are mature and experienced, with a business background, may be overrated. We used to call these guys "newscasters," because they had neat hair and spoke in deep, confident voices, and generally didn't know much more than they read on the teleprompter.
We never even considered that approach. As a Lisp hacker, I come from the tradition of rapid prototyping. I would not claim (at least, not here) that this is the right way to write every program, but it's certainly the right way to write software for a startup. In a startup, your initial plans are almost certain to be wrong in some way, and your first priority should be to figure out where. The only way to do that is to try implementing them.

Fees that include payments for work of a personal nature (such as drafting a will, or damages arising from a personal injury) aren’t allowed as a business deduction on Schedule C (Form 1040) or Schedule C-EZ (Form 1040). If the invoice includes both business and personal charges, figure the business portion as follows: multiply the total amount of the bill by a fraction, the numerator of which is the amount attributable to business matters, the denominator of which is the total amount paid. The result is the portion of the invoice attributable to business expenses. The portion attributable to personal matters is the difference between the total amount and the business portion (figured above).


In Tarighi, the Tax Court concluded the taxpayer wasn’t engaged in a business during 2009 and 2010, because CES didn’t have any income or clients and didn’t bid on any jobs during those years. Though the taxpayer did engage in promotional activities, he didn’t intend to earn a profit in those years, because he didn’t pursue contracts or bid on jobs. 
Again, the particular value ranges will vary, depending on the company and, of course, the investor. But in all likelihood, start-ups that have nothing more than a business plan will likely get the lowest valuations from all investors. As the company succeeds in meeting development milestones, investors will be willing to put assign a higher value.
The story had been sold to the Daily Mail in Manchester by Ron Kennedy of the Star News agency in Blackburn. Kennedy had noticed a Lancashire Evening Telegraph story about road excavations and in a telephone call to the Borough Engineer's department had checked the annual number of holes in the road.[17] Lennon had a problem with the words of the final verse, however, not being able to think of how to connect "Now they know how many holes it takes to" and "the Albert Hall". His friend Terry Doran suggested that the holes would "fill" the Albert Hall, and the lyric was eventually used.[18]
“I forgot what was REALLY important in life. Me. Health. Family. Sometimes you become so focused on business that you stop paying attention to the other things and in my case it was so detrimental I almost lost everything. I had a successful multi-million pound business, but I almost lost my wife, my children, and I suffered a breakdown. It made me re-evaluate everything. Almost losing everything tends to do that. I changed my life. I changed my focus to my family and to my health and am now a much happier version of myself. I am now in a much happier, content, fulfilled and successful position. I truly believe that the happier you are, the more successful you are. It’s not the other way round and that’s where lots of business people go wrong.  I now teach others to do the same. YOU are your best business tool. You have to look after it.”
For start-up or organizational costs paid or incurred after September 8, 2008, an accompanying statement is not required. Generally, for start-up or organizational costs paid or incurred before September 9, 2008, and after October 22, 2004, unless you choose to apply Regulations sections 1.195-1, 1.248-1, and 1.709-1, you also must attach an accompanying statement to elect to amortize the costs.
Entrepreneurs who are involved in the early stages of business creation are unlikely to become preoccupied with life cycle issues of decline and dissolution. Indeed, their concerns are apt to be in such areas as securing financing, establishing relationships with vendors and clients, preparing a physical location for business operations, and other aspects of business start-up that are integral to establishing and maintaining a viable firm. Basically, these firms are almost exclusively concerned with the very first stage of the organization life cycle. Small business enterprises that are well-established, on the other hand, may find OLC studies more relevant. Indeed, many recent examinations of organization life cycles have analyzed ways in which businesses can prolong desired stages (growth, maturity) and forestall negative stages (decline, death). Certainly, there exists no timeline that dictates that a company will begin to falter at a given point in time. "Because every company develops at its own pace, characteristics, more than age, define the stages of the cycle," explained Karen Adler and Paul Swiercz in Training & Development.
According to [Shyp CEO and co-founder] Gibbon, the new, smaller Shyp began turning an operational profit last December… But the company still needed more funding to continue and was unable to secure it from venture capital firms, which have grown wary of the whole category of startups that provide on-demand services involving physical infrastructure such as Shyp’s couriers and warehouses. With no viable alternative moves such as selling the company on the horizon, “we just ultimately ran out of time with the cash that we had available to us,” [Gibbon] says.
The senior leadership team now spends at least 20% of the time interviewing, hiring and on-boarding. We firmly believe that this is time well-spent. We focus a lot on evaluating prospective knollies (that's what we call ourselves) on cultural fitment. We are also trying to make the whole recruitment process scientific by introducing assessment tools (some of our own tools in fact) to supplement behavioral interviews.
There is coordination of tax benefits between advance monthly payments of the HCTC and the HCTC. In general, you cannot claim the HCTC for a payment you made for qualifying health insurance when you file your tax return if you previously received the benefit of the advance monthly payment program for that coverage month. If you benefited from the advance monthly payment program, you will receive a Form 1099-H that reports the amount of the payments that were forwarded directly to your health plan administrator for each coverage month. Do not report these amounts on Form 8885.
This technique doesn't always work, because people can be influenced by their environment. In the MIT CS department, there seems to be a tradition of acting like a brusque know-it-all. I'm told it derives ultimately from Marvin Minsky, in the same way the classic airline pilot manner is said to derive from Chuck Yeager. Even genuinely smart people start to act this way there, so you have to make allowances.
If you use the cash method of accounting, you can take the deduction (or credit, if applicable) for the tax year in which you actually make the repayment. If you use any other accounting method, you can deduct the repayment or claim a credit for it only for the tax year in which it is a proper deduction under your accounting method. For example, if you use the accrual method, you are entitled to the deduction or credit in the tax year in which the obligation for the repayment accrues.
I have a number of start-up ideas and that was the ultimate goal. I began to get one off the ground, but realized I had to make money first. So, I started a digital marketing company. Bootstrapping and building companies from ground zero meant I had a lot of real world experience in a lot of areas from PPC, to video production to coding to design. I can do them all and reasonable well.
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During this time I was also very involved in the startup community around Boulder. I was a die hard regular at #BOCC, attended Ignite, helped organize events for Boulder Startup Week, and made regular appearances at a litany of other startup and tech events. If you met me during this time, you would have never known how awful I truly felt. I regularly espoused how amazing things were. How excited and grateful I was for my job. How wonderful it was to be a proxy to what the engineers I worked with were building. Sure the hours were long and things felt cobbled together, but startup life, right? Work hard, play hard! I dare not confide that it had been months since I had experienced play, let alone rest.
You can usually deduct as a business expense the cost of institutional or goodwill advertising to keep your name before the public if it relates to business you reasonably expect to gain in the future. For example, the cost of advertising that encourages people to contribute to the Red Cross, to buy U.S. Savings Bonds, or to participate in similar causes is usually deductible.
The costs of organizing a partnership include the creation of the partnership, but not for starting or operating expenses. The cost must be chargeable to a capital account and if the partnership has a fixed life, then the amortization period will be over the life of the partnership. However, any organizational costs must have been incurred by the due date of the partnership return, not including extensions for the 1st year in which the partnership is in business. The organizational expense must be for an item that is expected to benefit the partnership as an entity, including :

The Beatles hosted the orchestral session as a 1960s-style happening,[52][53] with guests including Mick Jagger, Marianne Faithfull, Keith Richards, Brian Jones, Donovan, Pattie Boyd, Michael Nesmith, and members of the psychedelic design collective The Fool.[46] Overseen by Tony Bramwell of NEMS Enterprises, the event was filmed for use in a projected television special that never materialised.[50][nb 4] Reflecting the Beatles' taste for experimentation and the avant garde, the orchestra players were asked to wear formal dress and then given a costume piece as a contrast with this attire.[57] This resulted in different players wearing anything from fake noses to fake stick-on nipples. Martin recalled that the lead violinist performed wearing a gorilla paw, while a bassoon player placed a balloon on the end of his instrument.[48]


The deduction under the optional method is limited to $1,500 per year based on $5 per square foot for up to 300 square feet. Under this method, you claim your allowable mortgage interest, real estate taxes, and casualty losses on the home as itemized deductions on Schedule A (Form 1040). You are not required to allocate these deductions between personal and business use, as is required under the regular method. If you use the optional method, you cannot depreciate the portion of your home used in a trade or business.

If you use an accrual method of accounting and qualify under the rules explained in this section, you can use the nonaccrual-experience method for bad debts. Under this method, you do not accrue service-related income you expect to be uncollectible. Because the expected uncollectible amounts are not included in income, these amounts are not later deducted from income.


If you use an accrual method of accounting, you can't deduct insurance premiums before the tax year in which you incur a liability for them. In addition, you can't deduct insurance premiums before the tax year in which you actually pay them (unless the exception for recurring items applies). For more information about the accrual method of accounting, see chapter 1. For information about the exception for recurring items, see Pub. 538.
Steering the ship — handling all of the engineering, manufacturing, marketing, and retailing, even when you’re taking 90 percent of the subsequent profits — was ultimately too expensive of a proposition, especially in comparison to other, less-handholding-oriented start-ups. “The reason why Kickstarter makes a ton of money is they don’t have to do anything besides put up a website,” [founder Ben] Kaufman notes.
You will need an e-commerce solution on your website so you can continue to take pre-orders from non backers. This keeps cash flowing into the businesses, enabling you to build more units. It also gives people an action to take when they do hear about your brand because coming to your website to read “we are sold out, sorry” is a very dead end experience.

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Keep in mind, many questions can be resolved on IRS.gov without visiting an IRS Tax Assistance Center (TAC). Go to IRS.gov/LetUsHelp for the topics people ask about most. If you still need help, IRS TACs provide tax help when a tax issue can’t be handled online or by phone. All TACs now provide service by appointment so you’ll know in advance that you can get the service you need without long wait times. Before you visit, go to IRS.gov/TACLocator to find the nearest TAC, and check hours, available services, and appointment options. Or, on the IRS2Go app, under the Stay Connected tab, choose the Contact Us option and click on “Local Offices.”

The thesis of our current business model (startups are all about testing theses) was that there was a need for video producers and content owners to make money from their videos, and that they could do that by charging their audience. We found both sides of that equation didn’t really work. I validated this in my conversations with companies with more market reach than us, that had tried similar products (ppv video platform), but pulled the plug because they didn’t see the demand for it.


Having a web app being created at the same time was ridiculous too — especially since we still hadn’t nailed down the favoriting process or tried it with any users. I was blowing cash — at a ridiculous pace. I had 7 guys working on this thing at once, as we were hustling for SXSW launch deadline. We decided to focus on the iPhone app, which sucked for me and Dan the backend programmer, because we both couldn’t even use the app — we both have Droid X phones.
If we ask for a response within a specific timeframe, you must respond on time to minimize additional interest and penalty charges or to preserve your appeal rights if you don’t agree. Pay as much as you can, even if you can’t pay the full amount you owe. You can pay online or apply for an Online Payment Agreement or Offer in Compromise. See What if I can’t pay now? above or visit our payments page, IRS.gov/Payments, for more information.

The amortization election can be done by filing a statement early in any tax year before the business actually begins. However, the election becomes effective only when the business starts. The business can also revise the statement to include any startup costs that were not included. However, any costs characterized as something other than a startup cost cannot be recharacterized as a startup cost. Organizational costs can also be added later by amending the return.
If you wish to include transportation of more than 50 miles in the calculation of gross income from mining, request an advance ruling from the IRS. Include in the request the facts about the physical and other requirements that prevented the construction and operation of the plant within 50 miles of the point of extraction. For more information about requesting an advance ruling, see Revenue Procedure 2016-1, available at IRS.gov/irb/2016-01_IRB/ar07.html.

After much deliberation, we at Melotic have decided to take the unfortunate step of winding down the digital asset exchange. Simply put, we did not experience enough growth in this product to justify the ongoing costs of development, maintenance, and support. However, we have exciting new products in development, and we will be focusing our resources on that.


A loan's stated redemption price at maturity is the sum of all amounts (principal and interest) payable on it other than qualified stated interest. Qualified stated interest is stated interest that is unconditionally payable in cash or property (other than another loan of the issuer) at least annually over the term of the loan at a single fixed rate.
In this method of validating your business model, you roll up your sleeves and deliver your Value Proposition manually to your customers. If your idea is a content aggregator, you pick a few customers, find the content they like, and deliver it with existing tools (like email). If you’re providing a food delivery service, you deliver the wings and beer yourself a few times. If you’re automating inventory procedures, you work in a warehouse and manage spreadsheets for awhile.

That's the key to success as a startup. There is nothing more important than understanding your business. You might think that anyone in a business must, ex officio, understand it. Far from it. Google's secret weapon was simply that they understood search. I was working for Yahoo when Google appeared, and Yahoo didn't understand search. I know because I once tried to convince the powers that be that we had to make search better, and I got in reply what was then the party line about it: that Yahoo was no longer a mere "search engine." Search was now only a small percentage of our page views, less than one month's growth, and now that we were established as a "media company," or "portal," or whatever we were, search could safely be allowed to wither and drop off, like an umbilical cord.
If revenue has declined for three consecutive quarters, you probably entered the declining phase two or so years ago. Take action and start looking for ways to innovate. If owners are focused on what they can take out of the business before they retire and aren’t willing to invest in new technology, people or marketing, it’s a sign that they're in decline.
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