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Money In Business

Federal Funds Rate: What Is It And How Does It Affect You?

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You might have heard of the Federal Reserve and the terms federal funds rate, and discount rate.  But what do they mean? And more importantly, how do they affect you? The short answers are: The Federal Reserve is the central bank system providing financial services to banks and government entities. It does not provide services […]

How Can Networking Help My Business Thrive?

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At its core, networking is about meeting people and expanding your circle so you can get more done and make a more extensive impact. Often viewed as a helpful tool for job seekers who need to connect with hiring managers, networking is just as critical for entrepreneurs to grow their businesses too. Think about it. […]

Should You Hire Friends and Family for Your Business?

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When you own a small business, you need to wear many hats to run and grow your enterprise.  However, there will come a time when you can’t do it all alone and need to hire employees. When you reach that point, it may be tempting to enlist the help of family and friends.  After all, […]

Which Of My Business Ideas Is The Best To Pursue?

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You’ve always had an entrepreneurial spirit. Maybe you have family members or friends who’ve started successful companies. You’re realizing a hobby you enjoy could bring in money if you made it a business. Diversifying streams of income is something you want to pursue. There are lots of reasons starting a business is on your mind. […]

Is Joining A Coworking Space Worth The Expense?

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If you work remotely or have a home-based business, you may question whether working from home affects your productivity. While you thought it would be great to work in sweat pants and prep for dinner during a quick work break, maybe even throw in some laundry between client calls, you’re realizing it isn’t easy to […]

Turning My Hobby Into A Business, Are There Tax Benefits?

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You started out designing t-shirts for a family reunion. Before you knew it, requests for other designs were trickling in. Does this sound familiar? Maybe it isn’t graphic design. Perhaps it’s dog walking, babysitting, reselling, or crafting. If you’re like most people, you have a hobby you love and are really good at. A growing […]

What Business Structure Is Right For My New Business?

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After lots of dreaming and planning, you’ve settled on a business idea. You’ve chosen a name, identified target customers, started networking with other entrepreneurs and have a color scheme planned for your website and marketing materials. But before you get too excited, there are many additional considerations to be made. One of the most important […]

Creating Boundaries Between Your Personal And Business Finances

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Establishing boundaries between your personal finances and your business finances is important for any entrepreneur. While you may have invested a portion of your personal finances to start your business, it is important to keep your finances separate now that your business is in full operation. Create financial boundaries at the start of your business […]

Do I Really Need Business Insurance?

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You’ve finally decided to start freelancing or start your own business. You know there’s a lot to consider when launching your own gig. So you’ve choosen the right business structure, registered your business, opened a business bank account, got business cards printed and built a business website. But you’ve never really thought about getting business insurance. Now […]

Is Attending A Professional Conference Worth It?

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Today, more than ever, it’s clear that keeping your skills up to date is a must to remain competitive in the business world. Having the latest ideas and technologies in your arsenal will improve your chances of earning a promotion or pay raise and truly excelling in your profession or business. Moreover, updating your skills […]

Is Buying A Franchise A Smart Way To Make Money?

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If you dream of owning a business, but you’re struggling with choosing a business idea, you may consider starting your own or purchasing an existing business for sale. Or you might consider starting a company by jumping into a chain business with buying a franchise. Some people think franchises are the way to go because […]

10 Finance Tips For Small Business

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Would it surprise you to know that one of the major reasons small business fail is to do with budgeting and cash flow? At the end of the day they simply run out of cash. When we think of business failure we are more likely to think of a product that didn’t have a market […]

What Is Important To Consider Before Starting My Business?

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Statistics tell us 50% of small businesses fail in the first four years. And, the reasons are multiple, from the lack of the managerial experience to the lack of finances. Starting a business on your own comes with significant risks. There’s a substantial probability you will lose your time, money, and reputation. But, it doesn’t have […]

Is It Time To Hire Help For My Small Business?

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You’ve been building your perfect business idea for years. And, now you’re ready to finally make it happen.  This is a super-exciting time of your life, but it’s also extremely stressful. There’s a lot to do and, at some point, you will ask yourself: Is now the time for me to finally hire some help? […]