When starting a business, most people focus too much on what should go right and forget to account for what could go wrong. While risk is a part of doing business, small businesses may not have extensive resources like large companies to deal with them. This leaves small businesses more vulnerable despite facing similar risks […]
Finance
4 Creative Ways To Finance Your Small Business When Revenue Is Low
In a perfect world, small businesses would have an endless stream of revenue coming in and there wouldn’t be need to worry about financing. However, we all know that’s not the case.https://www.pexels.com/photo/exited-ethnic-waitress-working-with-cash-desk-in-cozy-cafeteria-4473496/ Sometimes businesses have to get creative when it comes to financing, especially when revenue is low. This blog post will discuss four creative […]
5 Ways to Avoid Losing Money in Forex
With many advancements in technology, access to information has become so easy in the online universe, where everyone is connected. People adapt to these advancements, switching traditional trading to Forex’s online trading market. The Foreign Exchange Market has become an ideal place for all traders from all over the globe, making it one of the […]
A Tax-Exempt Organization’s Guide to IRS Tax Filing
There is a common misconception about tax-exempt organizations and their IRS requirements. Most people don’t realize that even though these organizations are not required to pay taxes, their IRS reporting requirements are very complex. Nonprofit organizations must go through an entire process to receive their tax-exempt status, then they must continue to meet all of […]
Everything You Need to Know about Financial Assets
Generally speaking, an asset is anything a person owns that has value. Financial assets are the assets that derive their value from a contract or other claim. The majority of financial assets aren’t physical although there may be some physical forms as well. Keep on reading to find out the examples of financial assets, their […]
A Small Business Guide to Filing 1099 Series Forms in 2022
As a small business owner, there is an endless list of tasks at any given time. Running your own business often means wearing many different hats and playing many different roles. One of the most important, but intimidating of these tasks can be your IRS tax filing requirements. The end of the year is a […]
8 Best Financing Options For Running a Small Business
As a business owner, you understand the importance of capital for the growth and sustainability of your business. However, obtaining a small business loan has become increasingly challenging nowadays, but not impossible. With various financing options from lending institutions, you can maximize your potential for managing your small business. Here, we explore the best financing […]
Top 8 Financial Mistakes Retail Business Owners Must Not Make
As a retail business owner, you already understand how challenging it is to manage your retail firm from end to end. You likely spend much of your time supervising your staff, checking inventory, and maintaining relationships with suppliers, vendors, and other business partners. However, you might be paying limited attention to your retail business accounting, […]
What Is the 50/20/30 Rule and How Does It Work?
The 50/30/20 rule is a budgeting approach that may help you keep your expenditure in line with your savings objectives. Budgets should be about more than simply paying your bills on time—the appropriate budget can help you select how much and on what you should spend your money. The 50/30/20 rule may help you diversify […]
3 Types of Loans You Can Get in Case of an Emergency
It is a good idea to save up for a rainy day, but sometimes the savings dry up, and you need more cash. While you should generally have enough savings to cover yourself for six months, you cannot know what kind of emergency may befall you and how much you should have saved. If you […]
