In theory, a sustainable business is one that makes more money than it spends. The problem with this oversimplified view lies in the fact that it assumes that you start from zero. This is not the case with most startups that have to get in debt to even launch. Aside from this, the ways in which you …
Moneying Articles and Interviews (category)
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.
5 Ways for Veterans to Fund a Startup Business
U.S. military veterans and reservists have developed personal attributes such as determination, adaptability, and a willingness to take calculated risks. They’ve learned and developed these attributes through study, hard work, implementation, and by experience. These attributes are also the …
The Future of Small Business Lending: 2018 and Beyond
According to the Thomson Reuters/PayNet Small Business Lending Index, small business lending is on the rise. In fact, in 2017 it rose by more than seven percent compared to 2016. But what does this mean? In the world of business, we often see a rise as a good thing, but in this case, it is far more …
What You Need to Know Before You Cosign a Loan
The desire to help others is very strong in a lot of people. This is particularly true when those others are family members. While it’s true one of the earliest lessons many of us get is family comes first; how far is that supposed to go? Should you really be expected to put your financial future on …
4 Obstacles Businesses Face When Trying to Manage Their Finances
Offering a quality product or service is only one component of running a successful business. You also need an understanding of how to market that idea, get it to your customers, and make sure that your pricing model runs in step with your financial demands. While keeping your business afloat may …
Why Your Startup Can’t Afford to Not Invest in Insurance
Starting a business is no small endeavor and needless to say, you probably have a sizeable investment in your new company. Before launching, it is vital to understand that no one is going to be there to protect you against losses, so all the right insurance coverages should be in place from day one. …
