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.
Let’s say you have built a successful business over the years and you’re starting to think it’s time to exit. It may seem straightforward – sell the business and enjoy the fruits of your labor! You may be thinking about selling the business yourself. After all, you undoubtedly understand the management and cash flow of your business, and have learned a lot about the legal and … [Read more...]
You started your business with great hope for the future in front of you, but somewhere along the line, it all went wrong. Your finances are a mess, and you might even be teetering on the brink of bankruptcy. What you need to do is reevaluate your business and its finances fast and make some serious changes if you want your business to survive. Here are some ways to re-envision … [Read more...]
Statista reports that, from 2011 to 2015, businesses in the U.S. spent more than $863 billion total in advertising-related expenses. Furthermore, these costs increase around $10 billion annually, which just goes to show that getting your name, products, and services out there can take a huge chunk out of your budget—especially if you’re a smaller business. To help keep these … [Read more...]
There are countless ways to sink a business. Some of them are quite creative. But most are of the mundane variety. There are more ways to weaken and destroy a small business than there are ways to keep one going strong. Sometimes the key to keeping a business strong is to be familiar enough with what would weaken the business. Some of those common pitfalls include: … [Read more...]
The age of mobile is upon us, bringing unprecedented opportunities and challenges. In fact, Transparency Market Research has forecast a 38% compound annual growth rate (CAGR) of the global mobile point-of-sale (mPOS) market between 2015 and 2024. The opportunities to create greater customer experiences via easy and quick payment are many, but one of the challenges lies in … [Read more...]
When you own your own business, you have to not only expect, but also plan for the natural ups and downs that you’re likely to face financially—especially in your first few years of operation. Some weeks it’s a feast and the next it can be a famine, making it desirable to find other ways to earn income so you’re more stable and able to withstand the “dry” seasons. One of the … [Read more...]
The Kaiser Family Foundation reports that, in 2015 approximately 147 million people (63 percent) were covered by employer-sponsored health insurance, costing business owners roughly $12,591 per employee for family coverage for the year. This amount is up from $8,167 in 2005, highlighting the fact that employee healthcare is costing small business owners more money than … [Read more...]
When an economy lags, even established industries are affected. Economists have noted a widespread downturn among conventional industries, leaving scores of businesses in need of capital in order to keep going. Frequently, this happens to established businesses – for example, the oil industry. In April, the New York Times reported that 2016 marks the steepest oil downturn … [Read more...]
When you have worked hard to establish and build your small business, why in the world would you consider sharing the ownership of that business with your employees? The answer is the same answer you use in making your other business decisions—it could be good for business. First, the term "ownership" can be confusing. It is important to understand that offering your … [Read more...]
In 2014, over $358 billion was donated to charitable organizations, associations, and causes, $17.8 billion of which was given generously by corporations versus individuals (source: Charity Navigator). This amount represents a 13.7% increase over previous years, which shows that businesses are seemingly giving more now than ever before. As far as the types of causes are they … [Read more...]
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