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.

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...]

Small Businesses Continue to Dominate the Market. Define Small Business.

Which market? Well pretty much all of them. One look at the statistics and it’s clear that small businesses rule the marketplace. And you might be surprised at just how small most small businesses really are. According to The U.S Small Business Administration (SBA.gov), the number of small businesses in the United States has skyrocketed 49% since 1982, with approximately 23 … [Read more...]

5 Startup Business Hacks That Won’t Bust Your Budget

...And Might Even Save It! A “hack” is a term that has come to describe a way to make things easier, more efficient, and more effective.  For example, a camping hack would be a tip that would make camping easier, a game hack would make winning a game easier, and a business hack makes running your business easier.  Following are five business hacks that will not only make it … [Read more...]

Creative Ways to Finance Your Small Business

So you’re a small business owner. You have the great idea. You have the well-developed business plan, and you know exactly where you want to go and what you want to do. What’s left to do? Secure financing! Ideas can only get you so far, you need the capital to turn those ideas into reality. There is a myriad of ways to go about financing your small business. Let’s explore your … [Read more...]

4 Tips for Startup Business Financing: What Lenders Need From You

The financing part of starting a business can be completely overwhelming.  From finding a lender, all the way through the application process, until the sweet (or bitter) end of approval or rejection, the whole thing can wear a person out.  While it may seem that getting a startup loan or any type of business loan is as simple as filling out an application and having the right … [Read more...]

Get Your Budget Out of Hot Water: When Finances and Circumstances Collide

Regardless of how successful a business is or how awesome the owner is, sometimes things happen that are out of our control.  These things may cause the business to suffer, and sometimes it may not be able to recover.  The key to safeguarding against these types of circumstances is to be prepared before they happen, and have a plan to set things back in order as soon as … [Read more...]