If you’re like many entrepreneurs, you probably borrowed money, in one form or another, to start your business. According to the Kauffman Foundation, nearly 65 percent of entrepreneurs rely on personal and family savings for startup capital, and close to 10 percent carry balances on their personal credit cards. Now add student loans, mortgages, car […]
Financial Management
4 Reasons Why a Financial Advisor Can Help Your Business
Financial advisors aren’t just for personal finance; they can also help your business be more successful. While many businesses manage to meet their goals without input from a financial advisor, seeking their advice can help you during special circumstances. They can even make your day-to-day operations more profitable. Here are four reasons why a financial […]
Should I Save or Invest My Money?
One of the most important parts of getting older is learning how to get better with money. The truth is, people of all ages struggle with money, whether it’s living paycheck to paycheck or not having a savings account. Saving money is not only an essential part of planning for retirement, but also for ensuring […]
3 Expert Tips to Prevent Your Business from Going into Administration
If you’re worried that your business might be on the brink of administration, or you’d like to prevent the unspeakable from ever happening, then you’re in the right place. Here at SmallBizClub, we’re passionate about supporting businesses like yours through the good times and the bad times! The insolvency process is something no business owner […]
3 Timesaving Tips to Help Keep Your Books in Order
As anyone who runs a small business can tell you, one of the most time-consuming parts of keeping things organized is bookkeeping. Just keeping track of everything can be an enormous task as your business begins to grow. And if you don’t keep careful track of every part of your business, you may find yourself […]
What Effect Does Bankruptcy Have on Your Bank Account and Other Assets?
One of the most terrible things to happen to anyone is bankruptcy. If you find yourself in such a situation and are wondering what will happen to your bank accounts, and retirement accounts, on filing for bankruptcy, this article will throw some light on it. Type of bankruptcy and its effect on financial accounts Basically, […]
The Biggest Business Mistakes New Business Owners Make
New business owners are naturally excited about getting up and running. If you’re a new business owner, then kudos to you. You’re doing the hard work necessary to put yourself and your family on better financial footing. But along with the enthusiasm for your new business comes the possibility that you will make mistakes. Minimizing […]
3 Things You Need to Know About CD Investing
A certificate of deposit (CD) is a federally insured savings account that has a fixed interest rate. Typically interest rates on CD accounts are higher than a savings account, which means you’ll make more money. What’s different about a CD is that there’s a fixed date in which you can withdrawal the funds, also known […]
How Small Businesses Can Address Debt
Businesses of all sizes and types power the global economy. Many of them are small, independent and built by people with little more than a vision and hard work. However, per data from the Bureau of Labor Statistics (BLS), half of all small businesses don’t make it beyond five years, and organizations that make it […]
4 Tips on Retirement Planning for Small Business Owners
Are your retirement plans in order? If not, we invite you to consider these 4 tips on retirement planning for small business owners: Don’t Let Your Business Be Your Only Retirement Plan CNBC reports on a survey with results indicating that 78 percent of the polled business owners had plans to fund their retirement by […]
