Moneying

Small Business Ideas and Help with Money

Moneying articles focus on all aspects related to business finance, including budgeting, bookkeeping, pricing strategy, insurance, and more. Since you presumably went into business to make money, knowing how to manage it effectively will help keep you in business and move you toward the profitability you seek.

For Fledgling Businesses, the Best Things Are Not Free

The best things in life may be free, but the same cannot be said for business. All businesses, no matter the size, are conscious of the need to keep costs low and revenue high. But there are times when money well spent becomes an investment in the vitality and longevity of your business, and money withheld can spell disaster. For a startup or a fledgling small business, … [Read more...]

How to Establish Credit for Your Small Business

When you are launching a new business, you are right to focus on how you can make a profit. You research ways to make frugal purchases and to make the most of every dollar invested into your business. You are careful not to spend what you do not have. However, one of the best ways to grow your company is with good business credit. How do you go about establishing a strong … [Read more...]

How Do I Know How Much to Pay My New Employees?

You have weighed the pros and cons of hiring some new employees and have decided to go for it. Now comes an even trickier decision – how much should you pay these people? Figuring out pay scales and salaries can be a complicated part of running a small business. Salary surveys often don’t cover the kind of multitasking you are requiring for your small staff. And your … [Read more...]

Keys to Raising Business Capital

Whether you are a startup or existing business, having sufficient capital is essential to growing a successful business. The lack of capital is also one of the primary reasons why many good ideas never develop into a business or why some companies never take that next leap into scalability. But once you understand where to find it, raising the necessary capital for your … [Read more...]

Saving Money on Business Travel

Doing your due diligence before booking a hotel helps to make business travel more profitable and less stressful. Think about your needs, from data to ground transportation, and make smart decisions that keep you focused on the work you need to do and the relationships you need to build. Research WiFi Policies Data charges are a hidden cost of business travel. Before booking … [Read more...]

Crowdfunding Can’t Exist in a Vacuum

Small businesses and entrepreneurs can gain exposure and financing with crowdfunding, but even the most powerful tools do not work like magic. For a crowdfunding campaign to be successful, it must be supported by a solid marketing and communications strategy. Prospective funders need to be able to access information about who you are, what you do, why they should trust you and … [Read more...]

4 Effective Ways to Cut Small Business Costs While Raising Revenues

Cutting costs isn’t always easy. And when you’re trying to operate a small business, it can be even harder. But when you can pull up your online bank statement and see a number other than straight zeros on the screen, the comfort that gives you and the amount of anxiety it reduces is more than worth the things that you may have to give up or change in order to get to that … [Read more...]

5 Money Management Tips for Your New Small Business

There is nothing more exciting than making that first sale or obtaining that first client for your new small business. After all your hard work, your “baby” is off and running. To keep that momentum going, however, you need to put some clear money management practices into action. Here are five tips to get you started. Keep Accurate Records Get into the habit early and you … [Read more...]

Going with the Flow: How to Manage an Irregular Income

One of the most stressful parts of being a small business owner can be managing an inconsistent income. Whether it is the weather, the economy, the changing of the seasons or just plain serendipity, your income can be “feast” one month and ”famine” the next. How do you cope with an irregular income? Here are some strategies to help you stay afloat in a choppy sea. Create a … [Read more...]

7 Steps for Creating a Budget for Your Small Business

Just as it is with your personal expenses, it is essential to have a budget in place for your small business. A good budget helps you estimate your income and expenses over a period of time – usually a calendar year with a small business –allowing you to make important decisions for your company. If you are not someone who is good with numbers, you may be daunted by the … [Read more...]