Owning a business is great. You have unlimited earning potential, get to be your own boss, and live outside a gray cubicle. It is the American Dream. Except when it isn’t. The dream can quickly become the American Nightmare when the bills appear faster than clients’ payments. It plays out as a vicious cycle, but […]
Do You Run Your Business as if it’s For Sale?
Even if you have absolutely no plans to sell in the near or far future, you should keep your business in sale-ready shape. For one thing, running a business so attractive and competitive that someone would want to buy it is more rewarding – personally and financially – than running a business that’s in constant […]
What Business Expenses Can You Claim for Your Small Business?
Small businesses, start-ups in particular, often miss out on the substantial savings that can be made by claiming business expenses. Whether a business owner simply doesn’t know what to claim for or doesn’t want to risk handing in an incorrect return; many small businesses miss out until they seek professional accounting advice. But this needn’t […]
Business Planning: Are You Working on Your Small Business?
As small business entrepreneurs we all know the dichotomy between working in your business and working on your business. The latter often gets shuffled off to the corners of our desks because we’re really busy working with customers and doing things that keep the business operating and keep revenue coming in. You must work on […]
SmallBizLady: How Do I Set Pricing?
Dear SmallBizLady, I just purchased a daycare center. Should I offer the returning customers the existing price or my higher pricing? Tomika Robertson A Giants Preschool LLC One of the great things about buying a daycare or any existing business is that you already have cash flow. If you are taking over a daycare center, […]
How to Leverage Crowdfunding For Your Small Business
It used to be when you started a business the best source for money was your right or left pocket, closely followed by the 3 F’S – friends, family, and fools. Then, later, angel investing and venture capital became popular. Now there’s a new way to get resources for a small business – crowdfunding. There […]
Bookkeeping 101: Assets vs. Liabilities
In the past 10 years, two different and seemingly unrelated forces rocked our world. One was the internet, which has become popular and a household item. The other was the economic upheaval experienced by most of the countries on our planet. The convergence of those two forces gave rise to another form of business, one […]
Funding Rebuilding for Hurricanes
As the cleanup begins along the east coast after the destruction left by Hurricane Sandy, residents hit hardest in areas of New York and New Jersey begin to calculate the damage that has been done. Hurricane Sandy is now officially listed as the biggest hurricane to have formed in the Atlantic Basin. Some media sources […]
Small Business Tax Tips for Last Minute Filers
Guest Article Depending on where you live, a good majority has already witnessed wild weather patterns since the New Year. According to most calendars though, spring has officially sprung! And according to Uncle Sam, the time of the dreadful deadline draws nigh. Now, hold your horses, before you gallop into a frantic frenzy, we’d like […]
5 Common Sales Tax Mistakes in Small Businesses
Guest Article One of the easiest ways to burn through hundreds of thousands of hard earned dollars without a match, lighter or incendiary device is by simply not paying attention to your sales tax filings. If you run a startup, and you are selling some products or services and you aren’t managing your sales taxes, […]