Starting a new business is exciting, adventurous, empowering, and costly. It isn’t the fun part to talk about, but a new venture can drain your finances. Here are thirteen tips to take your new business from financial drain to financial gain. 1. Hire An Accountant Part of the fun of starting a business is being
Getting a start in the business world presents a lot of opportunity for many people, regardless of the industry they set foot in. Opportunities which often enable an increased income, an improved skillset as well as the chance to strengthen self-discipline and work hard on something that you enjoy. However, there are a myriad of
Why having a customized logo design is important? As a small business owner (or a startup-er) you’d come across this question, often, especially when you want to up your marketing and branding game. A business logo acts as a face for the organization just like us, humans, who recognize each other with different facial characteristics.
When an SME isn’t run well, the wheels start coming off the wagon. Pretty soon, the checks are getting close to having insufficient funds to clear them, sales aren’t collected quickly enough to improve checking account balances, and it begins to seem like chaos. Running a business like this doesn’t bode well for the long-term,
If you’ve been struggling to collect payments from your clients, your collection system must not be working. You’ll probably need to device a new one. That’s because if unpaid debts continue to pile up, your business cash flow will be compromised. And that could result in ugly financial losses. As you already know, your company’s
If you have been fortunate enough to attain great wealth over your life, you may have a desire to use it to help others realize their entrepreneurial dreams. If you do, that means you may want to become an angel investor. But before doing so, here are some factors to keep in mind. What You
As a small business owner, there are several business issues that need your constant attention. While your primary objective is to ensure the growth of your business, back-office activities are essential too, such as keeping track of your sales, costs, and profits. Small businesses often suffer because they overlook the necessary aspects of accounts and
In this day and age, the act of making money is called “hustling.” People have main hustles and then they have side hustles… the two major differences in the two are that one hustle brings in more money than the other, and typically, you like one hustle more than the other. The main hustle is
In this day and age, it’s all about creating multiple streams of income… and not because you necessarily need the money but more so because it’s just cool to do. There was once a point in time where people worked multiple jobs because they needed help making ends meet but with today’s younger generations, working
What is PayPal? PayPal is a fully electronic payment and banking system. It is one of the first and certainly the largest processors of online payments and peer to peer money transfers on the internet. Founded nearly twenty years ago in 1998 by famous entrepreneur and Tesla creator Elon Musk, it was originally called X.com
What is Robinhood? If you own a smartphone and have had even a passing interest in trading stocks, you’ve probably heard about Robinhood. This no-fee stock-trading app has taken the younger elements of the personal finance world by storm and has recently even gotten into the cryptocurrency game. While most brokerages charge $5-10 per trade
Becoming a freelancer is an exciting experience, having the ability to create your own schedule and conduct business exactly how you see fit is ideal for anyone wanting the freedom from big companies. Whether this begins your research or you’ve already started reading up, you should be aware of different problems that can also occur