It’s no secret that when you run your own business you must deal with variable income – at least for some time. Quite frankly, it’s the bane of our existence as business owners. That and SE taxes. To make matters worse, sometimes life sideswipes you and leaves you feeling kind of broke. I made an […]
Most businesses don’t have steady revenue all year round. There are months where sales are high and months where you’ll barely scrape by. There are also sudden expenses and late payments from customers that may threaten to do you in. But for all your business cash flow problems, there’s a possible solution. Getting to the […]
According to Bloomberg, eight out of ten small businesses fail. Some fail because they don’t adequately understand customer needs. Others can’t communicate the value of their products and services. Still, others don’t understand how to promote themselves effectively. Yet, the number one reason businesses fail is the lack of a sustainable business model—they simply spend […]
Sandwiched between two-large generations, Baby Boomers and Millennials, Generation X (also known as GenX) is often considered the “neglected middle child.” But, that doesn’t mean that Gen Xers should be completely neglected. After all, they’re 65 million strong and are expected to surpass the Boomers in population by 2028. So, let’s take the spotlight these […]
Saving money when going to a conference is possible, but there are hidden costs you have to stay away from. Failing to plan can be costly. When attending a conference, travel preparation is one of the biggest tips for saving money. It can help you avoid overspending unnecessarily. Here are some basic tips to avoid […]
Financial setbacks are a fact of life. In the past three weeks, I’ve had two setbacks hit my bank account. The first, was Hurricane Irma in which I had to pull from my emergency fund because I lost two weeks of work. The second was I accidentally fried my MacBook and had to replace it. […]
Freelancers can’t count on the same steady paycheck and benefits as workers at large companies. With fewer benefits, it is important that solo workers and startup leaders keep more cash in the bank for emergencies than regular folks, but emergency savings is only one part of the equation. Protecting yourself and your family from a […]
The term entrepreneur is thrown around a lot these days. As it should be. More and more individuals are moving away from the typical nine to five workforce and carving their own path in life. Entrepreneurship is fun but it’s far from easy. One of the toughest parts about being an entrepreneur is money management. […]
Do you ever wish there was a silver bullet to paying off your student loans faster? Paid off debt makes you feel free and changes your perspective about what you can achieve. As millennials, we’re a generation hell-bent on pursuing our dreams with a YOLO mentality. Meanwhile, our paychecks disappear into monthly bills, loan payments […]
While most people consider some debt to be healthy, too much debt is certainly not good for a small business. It acts as a weight around your ankle, holding you back from accomplishing your long-term financial goals. Serious debt is something that creeps up on a lot of business owners, you’re not alone. But how […]