Try a 30 Day Money Saving Challenge To See What You Can Save
When some people think of saving, they imagine grueling self-sacrifice—or “pinching pennies until it hurts.” But who wants to punish themselves when saving can be fun and simple? It can be hard to kick-start a habit of saving, but it can also be rewarding and gartifying. Plus, your future self will thank you. If you’re…
Read More6 Ways to Save Money as A New Business
Many new business owners think they need to spend money to make money. There is some truth in that, but it doesn’t mean money should be spent at every opportunity. Money may seem like the answer to many problems. Not enough customers? Spend more money on advertising. Computers too slow? Buy new computers. Maybe spending…
Read More5 Differences Between Business and Personal Expenses
Deducting business expenses can lower your taxable income and reduce the amount of tax you owe. However, expensing personal items as business items can cause a lot of headache and heartache as an entreprenuer. Check out these 5 differences between business and personal expenses to help you get it right. Who is this article for?…
Read MoreEverything You Need to Know About Business Loans and Selecting a Lender
Sometimes it makes sense to borrow money for business expenses. Often borrowed funds are used to start a new business, expand a business, upgrade equipment, and get through a rough patch. Some of the considerations for a business loan are the same for a personal loan, such as your credit score and income. Other factors…
Read MoreWhy 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 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…
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