Small Business Budget

Top 5 Tips for Starting a Small Business

Coming up with a business idea and dedicating your life to it is an exciting yet terrifying transition in one’s life. To make things even harder, the process of starting your own business is never easy – there are so many things you need to worry about and, honestly, odds of succeeding are rarely in your favor. Namely, statistics show that 90% percent of startups fail, meaning … [Read more...]

4 Ways to Afford Technology Upgrades for Your Small Business

Knowing how important and convenient the latest technological advances are for your business, you likely want to keep up with the latest trends. However, new tech can be expensive, and it can also get expensive to maintain if you need a dedicated in-house IT employee to manage it all. This expense can be hard for small businesses to afford, but there are more affordable options … [Read more...]

5 Ways to Avoid Bankruptcy

Entrepreneurs and small-business owners have many stresses to deal with, and due to their level of both financial and emotional investment, may end up heading towards bankruptcy without being fully aware of the circumstances. Being on the lookout for warning signs is obviously key, but there are other steps you can take to salvage a bad situation. I interviewed Jon Paul Kelly … [Read more...]

How to Choose a Commercial Property for Your Business: An Infographic

Choosing the right commercial space is a huge endeavor for any small business. You want the perfect location, with adequate space, and of course, at a price that won't break the bank. The infographic below, submitted by John Harrison of Hones Lawyers, is a helpful tool that simplifies the commercial property search process by offering tips and advice for business … [Read more...]

For Fledgling Businesses, the Best Things Are Not Free

The best things in life may be free, but the same cannot be said for business. All businesses, no matter the size, are conscious of the need to keep costs low and revenue high. But there are times when money well spent becomes an investment in the vitality and longevity of your business, and money withheld can spell disaster. For a startup or a fledgling small business, … [Read more...]

Saving Money on Business Travel

Doing your due diligence before booking a hotel helps to make business travel more profitable and less stressful. Think about your needs, from data to ground transportation, and make smart decisions that keep you focused on the work you need to do and the relationships you need to build. Research WiFi Policies Data charges are a hidden cost of business travel. Before booking … [Read more...]

5 Money Management Tips for Your New Small Business

There is nothing more exciting than making that first sale or obtaining that first client for your new small business. After all your hard work, your “baby” is off and running. To keep that momentum going, however, you need to put some clear money management practices into action. Here are five tips to get you started. Keep Accurate Records Get into the habit early and you … [Read more...]