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 […]
One of the best things about entrepreneurship is that you can control how much you earn. You can even boost your income on a regular basis. However, there is a downside. Entrepreneurship brings many expenses to handle. You may even find yourself managing your own finances which can be a daunting task. As a result, […]
Have you ever noticed Instagram is a collection of photos where people are “living the dream”? The images are perfectly stylized as the person posting boasts about their successful business. Let me be clear, I don’t take issue with marketing. After all, I do it too. As I often teach my students, you have to […]
Every business owner is concerned with being profitable. For brand new business owners, bringing in revenue and getting a return on your investment of time and money can be a top concern. Fortunately, generating income is not as difficult as it sounds. Here are few tips to help make your business profitable and start receiving […]
When it comes to success as an entrepreneur, effectively managing business cash flow is one of the most important things you can do. It’s not just about what comes in. And it’s not just about pinching pennies. It doesn’t matter how much is coming in if you mismanage it. If you are trying to grow […]
In business, we sometimes have this chicken or egg situation where it takes money to make money. More specifically, every small business needs to make investments in order to keep growing. This requires putting money down in hopes of a return. While there are several ways to get funding, many small business owners are bootstrapping. […]
Tips for saving money are all over the internet. Though there are many great ideas for saving on purchases, it takes work. Getting steep discounts on high ticket items you’re planning to buy involves research. Even getting the best price for needed supplies a regular basis can be a job all its own. There’s comparison shopping, […]
With Fall upon us, the next few months bring plenty of opportunities to earn some money through sales. The problem is most business owners don’t plan for these sale opportunities. Then, when the time actually comes, they lose money. What are sale opportunities? A sale opportunity – at least as defined by me – is […]
Part of the beauty of the 21st century is the ability to run your business from anywhere. There are days when I am nowhere near a computer and I can run everything from smartphone apps. Just last week, I was running errands I’d been procrastinating on for a few weeks. A major opportunity just so […]
Growing up during the last major recession means that today’s millennial college entrepreneurs are already in the savings mindset. They’ve learned how to live with less than previous generations, which has made them much more conscious of how much things cost. Unlike other generations, they’re looking to offset the cost of things like tuition, housing, […]