Why Your Small Business Needs a Savings Account and an Emergency Fund
Did you know 20% of businesses fail in their first year, according to the Small Business Administration? And running out of cash is the most common reason for startup failure, according to a CB Insights study. Saving money isn’t simply a nice or responsible thing for a small business. Saving money could make or break…
Read MoreHow to Create a Financial Plan for Your Side Hustle or Small Business Startup
If you just started your side hustle, you may feel like you don’t need a financial plan. However, as your business grows and new costs and considerations pop up, it will become more complicated. If you want to decrease stress and be prepared, a financial plan is crucial. 3 reasons to have a financial plan…
Read MoreSmall Business Guide: Catapult your side hustle to the next level
We want to help you transform your side hustle to your main hustle. That’s why we are sharing small business resources that are 100% FREE for you. Browse our one-stop guide to catapult your small business to the next level. We will continue to update this guide as more resources become available, so make sure…
Read More12 Ways to Fund Your Small Business
Many businesses take months or even a few years to turn a profit. Plus, small businesses often take a substantial amount of money just to get off the ground. So where can this money come from? Check out 12 ways people fund small businesses to help determine which is right for you.. Consider the risk Before…
Read MoreHow Much Should You Save to Start a Business?
Like many topics in finances, there is no one answer for how much you should save to start your business. But we have a simple 4-step method to help you find the right path and set realistic savings goals. But before we get to the 4-step method, I want to answer a few common business…
Read More7 Options For Your New Side Hustle
A side hustle is a great way to bring in extra cash, test drive a future career interest, or turn your passion into a business. If you’re ready to start a side hustle, check out these seven flexible side hustle options. 1) Transportation and delivery If you have a newer vehicle and can manage the…
Read MoreShould You Start a Side Hustle?
It seems like everyone has a side hustle these days. The opportunity to bring in extra income, have a business, and feel less dependent on a paycheck may have you wondering if a side hustle would be right for you too. But how do you know if it’s a good fit in your life right…
Read More7 Tips for Tracking Your Small Business Expenses
Tracking expenses and revenue for small business owners is necessary to ensure a healthy business. Accurate financial information is needed to help make business decisions. Check out these tips for when you are starting a business or for when you are in your early years. 1. Have a separate business checking account. Mixing personal finances…
Read MoreWhat Are the Best Alternatives to a Traditional Savings Account?
A basic savings account can be a great place to start when you’re new to saving. It’s also an excellent choice if you have a small balance. There are alternates if you need a more robust savings plan or want to increase the amount of interest being paid. Money Market Account A money market account is a…
Read MoreKeep It in the Family: How to Pass on Money and Assets to Family Members
Creating a plan for how you will pass on money or other assets (anything you own) is called estate planning. Many people think that if they don’t have a lot of money or assets (like homes, cars, and jewelry), they don’t have an “estate.” But the fact is we all have an estate. How you…
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