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 …
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.
Affordable Healthcare Options for Small Business Owners
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 …
3 Ways to Get Capital in an Industry Downturn
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 …
The Pros and Cons of Sharing Company Ownership with your Employees
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 …
Should Your Small Business Donate to a Charity?
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 …
You Are Finally Making a Profit, Now What Should You Do With It?
When you start a business, your goal is to begin turning a profit as soon as possible, and then to grow that profit as much as you can. That's a fundamental element of capitalism. But there is a story about a dog who chased cars every day until one of them crashed in a ditch. The dog ran to the …
