Due
Bad Debt Tax Deduction

One of the biggest headline grabbing additions to the new Republican tax law, passed in December 2017, is a lower business tax rates. Corporations paid 35 percent of profits to Uncle Sam in the past, after loopholes and deductions, and now pay 21 percent. But what does that mean for small business owners with an […]

Hire Your First Employee

Because it’s the week between Christmas and New Year’s things are pretty quiet right now. People are enjoying some downtime and are out of the office. Because of this, it’s also a good time to grow your business while everyone is on vacation. During our regular schedules, it can be difficult to do the tasks […]

Stay motivated

I like to consider myself a pretty motivated person. However, I’m not a machine. I’m human just like everyone else. This means that sometimes I feel incredibly lazy and need to motivate myself. After all, if I don’t run my business, who will? Additionally, I recently realized I still have holes in my motivation. After […]

goals behind fitness

Each year around this time, my team and I discuss business objectives for the coming year. The way I personally like to do it is to pick a theme for the following 12 months. This theme is usually centered around a big project or idea that needs to get done. By setting the objective early […]

analyze your taxes

This is the time of year when businesses start thinking about how to bring down their tax bill. That’s why if you go to different business sites online, you’ll see a lot of content about end of year tax planning. One piece of advice they often mention is to make big purchases for your business […]

Raise Your Rates

One of the greatest assets you have in both your business and personal is the ability to earn more money and give yourself a raise each year. There is no cap on your earning potential, and when you run your own business you don’t have to worry about red tape. As a business owner, all […]

email sales

When dealing in the world of physical products, you will inevitably run into payment and shipping terms negotiations. Like in most business-to-business relationships, shipping and payment terms are often negotiable. Don’t just assume all payment terms are set in stone, and never accept a deal that isn’t good for you. To get a good deal, […]

meeting with team members

As a business consultant, I speak with many freelancers who are ready to start taking their business finances seriously. Many of them ask me about accountants, business accounts, and networking. As a business owner, you need to have a financial team in place. Many times, the only way to improve business finances is to gain […]

Pricing Model

I recently had a conversation with a student who was incorrectly pricing her services in her business. In her case, she was low balling herself. I wish I could tell you this was rare, by incorrectly pricing your services as a business owner is actually an epidemic. I have at least five to six conversations […]

Budgeting TIps

With the new year around the corner, I know I’m going to receive tons of emails from readers who want to quit their day jobs in 2018. They are going to ask about how they can prepare financially in order to take the leap into full-time self-employment. Well, I know all about that because I […]

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