Many startups fail before reaching that magic “cash-flow positive” position they have been striving for, despite seemingly reasonable financial projections. A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. These mistakes are usually masked by excuses, like the economy turned on me, or my competitors played […]
Finance
PPP Funding Important or Critical for Nearly All Businesses
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners. Small businesses continue to struggle financially, relying on the Paycheck Protection Program (PPP) to stay afloat, according to an early 2021 survey from […]
How to Classify Workers: Employee or Contractor?
Every small business begins with just one person or a small team creating a plan and developing a vision. If the company is going to keep growing, however, you eventually need to start expanding your team and invite someone new to join you in your work. Once your company starts to grow, you won’t be […]
How is a Business Divided in a Divorce?
Even the most amicable and straightforward divorces can get complicated but if you are a business owner, your business assets could be included in the divorce settlement, depending on your situation. There are lots of different types of scenarios for businesses being divided in a divorce, such as your spouse being part of the business. […]
5 Funding Options for Post-Pandemic Business Growth
The COVID-19 pandemic hit businesses hard, and those that have managed to weather the storm still face an uphill battle as they try to make a post-lockdown comeback. For many, the only option is to seek external funding to cover staffing costs and return to business as usual – but it isn’t always easy to […]
Answer This Before Buying a Home Abroad
If you’re wealthy enough to consider buying a home abroad then you’re likely in a fairly good financial position. There are many reasons why someone might consider buying a home overseas, including moving or opening a small business, but it’s important to look at those reasons and carefully decide on your plan of action. There […]
Small Business Guide to Licensing
Business licenses are one of the most essential things needed to open a small business. They serve as a way for you to operate your business while adhering to industry standards. Business licenses may involve multiple jurisdictions, but there are some ways to make the process easier. Here’s a small business guide to business licenses. […]
5 Ways to Double Your Money Before You Retire
Everyone hopes to have a pleasant and peaceful retirement. But planning for your retirement can be the most confusing part. Unfortunately, it’s not a challenge many people can handle. Whether you’ve just secured a job or you’re about to retire, you can still double your money. Finance experts will tell you that doubling your savings […]
Don’t Be Embarrassed About Debt–Do This Instead
If you’re currently in debt, you might be feeling embarrassed or humiliated about your financial situation. But you shouldn’t be. Save your embarrassment for that 7th grade class picture where you sported headgear. Or that unfortunate summer when you decided to bleach half your hair. Debt is extremely common and having shame about it is […]
Investing in Africa: a New Land of Opportunity
America is called “the land of opportunity”, and with good reason. We’re free to succeed in anything we put the work into. We can pursue any career and we can own our own businesses and be financially independent. It may, however, shock you to know that the place with the highest percentage of entrepreneurs is […]
