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How to Make Your Recurring Revenues Oil and Not Glue

Some types of businesses generate more and more recurring revenues over time, often growing to a size where recurring revenues pay all of the overhead of the company—an enviable position. There is a phenomenon I…

Standard Mileage Rate Falls Again for Tax Year 2017

Self-employed professionals who use a vehicle for business trips were likely not thrilled when the standard mileage rate on deducting business mileage plummeted from 57.5 cents per mile in 2015 to 54 cents per mile…

Protect Your Personal Credit Score to Boost Your Business

If you’re running a very small business, or a very young one, you may not have the corporate credit score you require to take out the borrowing you need. In this case, you’ll be relying…

5 Benefits of Opening a Business Checking Account

One simple but critical action for any small business owner is opening a business checking account. This is especially true when launching a new venture. In fact, it is one of the first things an…

A Lowdown on the 2017 Tax Season

The Internal Revenue Service has officially announced when the opening bell for the 2017 tax season will ring, signaling the start of when the federal tax collection agency will begin processing federal income tax returns….

How to Reduce Company Expenses and the Pain of Fixed Costs

Business owners constantly wrestle with the age-old question of how to reduce company expenses. While income fluctuates for most businesses, expenses are something you can exercise some control over. Expenses fall into two main categories—variable…

10 Basic Tips to Reduce Costs and Grow Faster

When you’re starting a business, you want to make sure all your risk factors are under control. The old adage, “It’s better to be safe than sorry,” applies, and that justifies buying that extra computer…

Startup Stock Options as Fool’s Gold

Terry had a good job with an established software company but left to join a startup. Why? “Because they’re giving me startup stock options.” Too bad. Two years later that job ended. That startup was going nowhere,…

5 Tips for Applying for an Online Loan

It’s no secret that small businesses are critical to the nation’s economic prosperity. After all, they employ nearly half of all U.S. workers. With so many relying on the success of small businesses, it’s more…

8 Small Business Funding Options That Solve a Cash Flow Crisis

If small business owners had it their way, they’d never have to worry about money. Their bank accounts would always give them the financial flexibility necessary to pursue any and all opportunities for growth. Unfortunately,…

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