An idea, a business license, and a taxpayer identification number may be enough to get many businesses off the ground, but if your goal is to profit and grow, a working business model is an absolute must. But what is a business model? And how do you know what model will make your business a success? Starting…
Entrepreneurs looking to participate in the business world need a good understanding of how that world works. Part of that is understanding how the world of business keeps time. Business days are the way the working world tracks delivery dates, contract times, deal closings, and the like. For any business situation where a time needs to be agreed on,…
When you’re selling an old car, used clothes, or an iPhone that’s several models old, it’s safe to assume that you’re not asking for the price you bought it for. All of our assets naturally come with a lifespan, during which their value slowly decreases. In business terms, this is known as depreciation. For business…
As you begin to build your new business, you may be surprised by how much capital you really need to invest. Bootstrapping isn’t always an option for business owners when common startup expenses like equipment, design, development, and inventory can add up to thousands. Luckily, when you’re in need of cash, secured loans can help. But…
You’ve probably heard the term “liquid asset” thrown around when discussing business. But what does it mean exactly? What separates a liquid asset from a non-liquid asset, and how does that affect the stability of a business? Understanding liquid assets is more than just good for bookkeeping — it’s important to understand how healthy a small business…
Coworking spaces allow people to come together in an office setting, even if they don’t all work together. People can get out of the house, connect with others, and create a healthy border between work life and home life. For entrepreneurs and freelancers, coworking spaces can be great for mental health, as well as productivity….
If you’ve started to research ways to fund your small business idea, there’s a good chance you’ve stumbled across the term “bootstrapping.” This buzzword is the name of the solution many startup founders use to launch their businesses quickly, even without the support of small business grants. So, what is bootstrapping? In this article, we’ll provide a…
Are you a first-time bookkeeper trying to create a balance sheet for your small business, or the head of a large company trying to better understand your future financial obligations? The process can be extremely confusing if you’re unfamiliar with the jargon around accounting, but fear not — you can learn how to read a balance…
Getting the full picture of how your business is doing is impossible if you’re only considering the revenue you earn. While knowing how much cash you’re raking in is important, understanding the impact of your expenses will help you be realistic and make the smartest decisions. That’s where free cash flow comes into play. Free cash…
In order to successfully run any kind of business you have to understand how to read a balance sheet. Think of a balance sheet as an instant overview of a company, regardless of its size or type. It doesn’t matter if it’s a small business or a multinational corporation — every business can be summarized by…
Make Money on Your Own Terms: No Background Check Required
During the pandemic, I wrote a book, which is now live on Amazon! This week only, I'm selling it for only $0.99. Make sure to get yours today before the price goes up.
