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 […]
Budgeting
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 […]
5 Keys to Minimizing the Burn Rate for Your Startup
Cash flow is a basic survival metric for every startup. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Don’t wait until you are almost out of cash before managing every dollar spent, or looking for the next refueling from investors. Desperate entrepreneurs […]
Tips for Marketing Your Business on a Shoestring Budget
Starting your own small business requires sticking to a very tight budget in most cases. While your cash flow may be stretched thin, there are still methods for marketing your brand and products that won’t put you further in debt. By considering some of these suggestions, you may be able to promote your business more […]
5 Ways to Make Your Business More Successful in 2019
Success in the modern marketplace requires flexibility, planning and organization. Some ambitious entrepreneurs, unfortunately, believe that firing up a computer or opening a retail location is enough to start generating revenue. However, these go-getting industrialists soon find that running a business is more challenging than anticipated. With planning and patience, however, future business leaders can […]
