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 […]
Budgeting
7 Tips for Starting an E-Commerce Business on a Tight Budget
E-commerce retail sales are expected to exceed $5 trillion dollars worldwide for the first time in 2022. If you’re looking for a new revenue stream, now could be a perfect time to get your e-commerce business off the ground. But while an online shop could mean fewer startup costs, there are still expenses that not […]
Limited Budget? Here’s How to Market Affordably
Image Credit: Photo Mix from Pixabay. No business owner has as large of a budget as they’d want for their marketing. No matter what they have, they could always use a little more. You shouldn’t need to do so, though. Instead, there are quite a few ways that you can cut down on marketing expenses. […]
5 Small Business Budgeting Tools
Starting and running a small business is a stressful, but rewarding job if you keep up on everything. The financial aspect of a business can seem overwhelming, and hiring an accountant may not be in the budget. However, there are tools and software available that will help any business owner keep their business on a […]
4 Money Moves all Business Owners Need to Make
Are you a small business owner? What about an aspiring entrepreneur? If so, then you need to get your personal finances in order. These four money moves we discuss today will help you make the most of your money so you can focus on what matters, growing your business and becoming successful. Ultimately, these tips […]
14 Black Financial Experts You Should Start Following Today
When it comes to personal finance advice, it can often feel difficult to find information that is relevant to the Black experience. Black Americans often face financial hurdles such as pay inequality, predatory lending and hiring discrimination, all of which have contributed to a racial wealth gap. “People are working hard, but if every part […]
4 Immediate Ways to Get Your Business Out of Debt
If you have recently started a business – or run into some unexpected trouble – then you may have some debt. This is a normal part of running a business; there will be good times, but you will also see your fair share of difficulties. But, if your debt is starting to get out of […]
Thinking About Starting Your Own Liquidation Business? Read This First
Whether you’re interested in earning a lucrative income or working as your own boss, starting your own liquidation business can help you make your entrepreneurial dreams come true. Liquidation, which involves buying products at low discounted prices and selling them at high profit margins, is ideal for first-time business owners looking for a low-risk, high-return […]
How to Deal with a Sudden Cash Crunch
It’s unfortunate but true: unexpected financial emergencies happen all the time to small businesses. Another unfortunate truth: most small businesses are not prepared to weather a prolonged financial emergency. JP Morgan Chase estimates that the average small business has 27 days of cash in reserve, while many small brick-and-mortar stores may have less than 20 […]
3 Tips for Paying Off Multiple Debts
It’s not uncommon to have multiple debts. Most people have a mortgage and a car loan, along with credit cards, student loans, and personal loans. Having many forms of debt can make it a little harder to achieve the goal of becoming debt free. Which debt do you pay off first? How do you manage […]
