Some traits you’re born with. Other traits you can acquire through practice, repetition and education. When it comes to successful business owners, they tend to have both types of traits, some from nature, others from nurture. The key to success is identifying the traits you already have, the traits you need to work on and […]
You don’t have to start with a completely clean slate to be an entrepreneur. Buying an existing business, in fact, has some notable advantages over starting a business from scratch. When you buy an existing business you’re taking over an operation that’s already generating cash flow, so it can be inherently less risky than starting […]
If you’re thinking about starting a home-based business, you’re not alone. More and more entrepreneurs are starting their lastest venture from the comfort of their own homes, especially e-commerce businesses, with the trend steadily rising over the years. Approximately 69 percent of businesses are started at home, according to Small Business Trends. And while many business owners […]
Anyone who has ever met a small business owner knows how much time, effort and passion goes into running a business. Without multi-million dollar budgets or teams of marketing experts, it can be challenging to get the word out, with entrepreneurs often doing the heavy lifting themselves. And as consumers, it can be convenient to […]
When you’re looking into financing your new startup, you don’t always need a lot of working capital or cash, but you might need an expensive piece of equipment instead. A restaurant can’t get off the ground without some commercial kitchen appliances, and a landscaping company needs mowers, trimmers, saws and more to do its job. […]
Raising the limit on your credit card or line of credit can be useful for a few different reasons. Maybe you’re looking for additional funds to cover unforeseen expenses or to finance a small business. Or, you might just want to improve your credit score or transfer a balance from another account. Whatever the reason, […]
The next recession is inevitable. Economic cycles are difficult to predict, so depending on who you ask, it could be early next year or not until 2021. Regardless of when it happens, collapse is forthcoming — and there’s no better time to prepare than now. When a recession lands, small businesses take the heaviest hit. Often, […]
On Wednesday, Oct. 30, 2019, the Federal Open Market Committee (FOMC) announced a 0.25% cut in the prime interest rate, lowering the federal-fund rate to a range between 1.5% and 1.75%. The cut follows two other cuts earlier this year. On Wednesday, Septemeber 18, 2019, the Fed announced a 0.25% cut in the prime interest […]
How you spend your time in the morning affects both your personal life and professional life whether you consider yourself a morning person or a night owl. Start your day off on the wrong foot, and you could end up arriving to work late, lose patience with customers or rush through a presentation you spent […]
Taxes might not be the most exciting task on a small business owner’s list of priorities, but they’re something you’ll need to think about, plan for and pay on a regular basis. Learning how different tax issues can impact your business — whether they involve corporate income tax, small business tax rates, tax law changes, […]
