There’s no denying it. All business owners need a solid emergency fund. While you are in charge of your own income, it’s bound to fluctuate and you may have some rougher months as a result. This is why it’s best to be prepared with a fully funded business emergency fund that you can fall back […]
What would you do if you’re a freelancer that gets sidelined by sickness or needs emergency surgery? What if there is a catastrophe like a fire that destroys all of your equipment or inventory? Emergencies are bound to happen. The difference between those who bounce back and those who don’t is preparation. Here’s how to […]
2016 was one of the worst of years — in terms of natural disasters. Globally, natural disasters caused $175 billion in damage. In North America alone, there 160 disaster events in 2016, which is more than any year since 1980, that were responsible for $10 billion in damage. Unfortunately, business owners are still responsible for […]
If you want to stop dipping into your emergency fund for non-emergencies or avoid coming up short month after month with little left over to fund your goals, here are some strategies to implement if you tend to not have much money leftover at the end of the month. 1. Define what emergency means to […]
When you generate more money it can be tempting to just blow it. Since you’ve been working harder, maybe you want to have something to show for your efforts. If you’re unsure where you should put the extra money and don’t want to make a misstep, instead of playing eeny, meeny, miny, moe or shooting […]
We frequently talk about emergency funds in the personal finance space. Financial experts continuously sing the praises of having at least $1,000 or more stashed away for those moments when you hit a box on the highway and have to pay $450 for a new tire and rim (or maybe that was just me?) Although […]