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.
When you run your own small business, you are always looking for new money-saving strategies to boost your bottom line. One of the ways you may be leaving money on the table, however, is by not taking some of the tax deductions for which you are eligible. This oversight is easy to do because the tax laws are complicated, and finding the time to learn about what is and what … [Read more...]
Lots of hopeful entrepreneurs have an idea that could make a great business, but unfortunately, lack the money needed to get it started. While the logical next step would be to look to banks to launch a business, most new establishments have a hard time getting funds using this route. Banks are often reluctant to lend funds to individuals who have no proven track record of … [Read more...]
Even though the economy is showing signs of growth, many in the small and medium enterprise (SME) sector have yet to see things come into fruition. Often termed as the backbone of the economy, the SME sector needs quick and easy access to financing that traditional financial institutions may not be able to offer due to a variety of reasons. Thus, there has been a noticeable … [Read more...]
Crowdfunding has become popular for startups looking to launch, and it’s no wonder. It’s (commonly) free money, which you do not need to repay. And you can get these funds without needing to surrender any ownership or control over your startup. Plus, it can help you to ascertain the appeal of an idea or a prototype or invention, since there is no sense in proceeding if there is … [Read more...]
You’ve recently launched a new business and it’s started to grow. Now is the best moment to get organized and pay some attention to all accounting related issues. Every business owner has to make a detailed to-do list and stick to it at all times. That way, all emerging challenges can be taken care of as soon as possible. Go ahead and keep reading, since it will help you to get … [Read more...]
When your company has difficulty catching up on the bills, you'll start to worry about creditors coming after your assets. There can be a big difference between personal and business assets, but when you're personally liability depends on a number of factors. Sole Proprietorships and Partnerships If you operate a company as the sole proprietor, your personal and business … [Read more...]
Entrepreneurs and small-business owners have many stresses to deal with, and due to their level of both financial and emotional investment, may end up heading towards bankruptcy without being fully aware of the circumstances. Being on the lookout for warning signs is obviously key, but there are other steps you can take to salvage a bad situation. I interviewed Jon Paul Kelly … [Read more...]
There are times when buying or leasing a vehicle through your small business is a must. After all, it’s pretty hard to make your flower shop deliveries or show your real estate clients homes without a set of wheels. The same holds true if you own a service-based company—such as one that specializes in plumbing, landscaping, or house cleaning—where clients rely on you and/or … [Read more...]
Establishing and maintaining good credit for your small business can help you secure low-interest loans and to negotiate favorable terms with your suppliers. A good credit rating also can help you attract new business, since potential clients may check you business score as a way to gauge your reputation and your credibility. What is a small business credit score? Just as … [Read more...]
According to the U.S. Bureau of Labor Statistics, over 50% of start-up businesses fail within five years. This is a staggering statistic and one that should bring concern to anyone seeking to start a new business venture. An alternative to starting a new business is to purchase an existing establishment. This option, if all goes right, can significantly decrease the risk … [Read more...]
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