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.

Do You Really Need an Accountant for your Small Business?

As a small business owner, it is natural to try to cut operating costs wherever you can. One of the ways you may be doing that is by managing your own finances. You may figure you can always get help at tax time and handle things yourself the rest of the time. Whether you are a sole proprietor or operate an employee-based LLC or corporation, however, a good accountant can … [Read more...]

Going the Extra Mile: Putting Your Vehicle in the Company Name

There is no doubt about it that when you seek out small business ownership, you are looking for a certain way of life and the perks that come with it. Obviously you will need to work hard to get there, but one of the top reasons for going into business for yourself is all of the tax breaks and advantages that are available to a business, compared to what you can get as an … [Read more...]

What Insurance Do I Really Need for My Small Business?

If you are ready to launch a new small business, you may be wondering what types of insurance coverage you need. Just as you insure your home and your car, there are certain policies you need in order to protect your business from risks associated with unexpected events, liabilities and other losses. Here is a rundown of the basic types of business insurance coverage. The … [Read more...]

Importance of Budget Planning: Avoiding Lost Opportunities from Cash Flow Shortfalls

There are many things to consider when managing a business; hiring, marketing, and actual delivery of the goods or services to your clients. At any stage of delivering value to your clients, things can go wrong. Miscommunication can lead to missed deadlines, poor internal controls can lead to quality problems, and staff can leave on short notice; leaving you in the … [Read more...]

The Way to Use Credit Cards That They Don’t Want You To Know

Chances are if you are reading this then you already know the dangers of debt. The fact of the matter is that debt is a two edged sword. Debt can cripple anyone if they aren’t careful and some people have even shied away from debt entirely. Having debt can creep up out of nowhere on a person or a business and they can find themselves owing a lot more than they originally … [Read more...]

What Is Key Person Insurance and Why You May Be in Trouble Without It

When you launch a small business, you handle many details. One detail you may have overlooked is key person insurance. In fact, you may not even know what it is. However, key person (sometimes called “key man”) insurance can be an important way of keeping your business up and running in the event of the unthinkable. No one wants to think about what would happen in the event … [Read more...]

How to Increase Your Bottom Line Now

Sometimes the numbers just don’t work.  You need that bottom line to increase as soon as possible, like yesterday, but something just isn’t clicking.  It happens in every business at some time or another, but what can you practically do?  You already offer a great service or product at fair prices.  Customers are happy and there are plenty of them.  Business is booming but the … [Read more...]

Giving Christmas Bonuses: 20 Questions to Consider

Call them Christmas bonuses, year-end bonuses, holiday bonuses, New Year bonuses, or whatever fits your culture. At our company, we call them Christmas bonuses. And this year, with a team that’s larger and more diverse than ever, here are the questions I considered when determining how to go about presenting bonuses to the team (not listed in any particular order). Should … [Read more...]

Business Growth Through Buying Rocks

If you’re like most business owners, growing your business is one of your top priorities, but knowing how to go about it is a constant struggle. The concept of business growth is actually a simple one, but too many times people overcomplicate things. I took a recent trip to Kenya, during which I taught a group of small business owners how to grow their businesses by … [Read more...]