You are a budding entrepreneur and you want to know if one of your ideas is a viable business model. You run it through your friends and family and you get a mixed bag of responses, which leaves somewhat unconvinced. So, you ask yourself do I have a good business idea? You will likely get …
10 Ways to Know If You Have a Good Business Idea Read More »
OWNING A HOME IS ONE OF the hallmarks of the American dream, but most people don’t really own the house they live in. In fact, less than 40% of homes were mortgage-free in 2017, according to the U.S. Census Bureau’s American Housing Survey. When you own your home free and clear, you can save, invest and achieve …
Taking out personal loans from friends and family can be risky. Here’s what to consider. Most small business owners have heard the old adage about mixing business with family. It’s risky. But is it always off limits? These small business owners share how they successfully used personal loans from friends or family members to grow …
Should You Borrow Money From Friends and Family for Your Small Business? Read More »
From taxes and payroll, to invoices and expenses, accounting can burn a lot of time. Especially for the smallest of small businesses—like sole proprietors, hobby- or home-based businesses—or those who don’t employ an accountant or outsource their accounting, apps can be a huge help when it comes to managing the books. Read on for an …
Social media can be a great way for small business owners to connect with prospects and customers. Done right, it can make sales skyrocket. Some entrepreneurs have even built an entire business on a social media platform, like Rachel Dunston, the founder of Rachel Bakes More Cake, who built a thriving cake business on Instagram. But …
10 Expert Social Media Tips to Help Your Small Business Succeed Read More »
Feeling like you’re treading water with your small business and not making progress towards your goals? Or are you having trouble choosing business goals to work towards this year in the first place? We all want to be successful owners of profitable small businesses, but how do you get there from where you are? If you want …
Most of the challenges in starting a business relate back to doing the little things right. Like any good coach has said at some point: The fundamentals get you to the top. If you are thinking of starting a small business, make sure you follow these ten important rules for small businesses: 1. You need to manage …
Mark was always one of the smartest kids in his class. He’s done well in his career, but when he checks Facebook, he sees people he outperformed at school who have now achieved more. Likewise, there are colleagues at his firm who have leapfrogged him. Sometimes he wonders, “What am I doing wrong?” Sound familiar? …
It seems like we’re constantly told to pursue work that we’re passionate about. At least in the United States, this advice follows people from school and into their careers. As billionaire investor Ray Dalio advises in his book Principles, “make your passion and your work the same thing.” Doing so is said to be the path …
The Unexpected Benefits of Pursuing a Passion Outside of Work Read More »
Many small business owners decide to expand their companies even as they see the economy starting to slow, but some are proceeding with caution. Here are tips from owners and consultants about how to expand in a downturn: — Keep a lot of cash in the bank. “Before you start taking risks, make sure you …
Small Business Owners’ Advice for Expanding in a Downturn Read More »