Finance Globe Blog

U.S. financial and economic topics from several finance writers.

Questions to Answer Before Quitting Your Job to Start a Business

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Are you strongly considering quitting your job to start a business? Are you both excited and concerned about making the move? Are you unsure if now is the best time to take the leap? There are many questions you must answer before quitting your job to start a business. By addressing these early on, you’ll better understand your situation and what you’re getting into. While there are countless questions to address, here are five of...
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Wanderer
Makes me think back to that "business plan" where you set aside enough cash to cover the times when you are waiting for money for ... Read More
Monday, 20 May 2019 03:59
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Thinking About a Business Loan? Answer These Questions

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There may come a time when your business requires additional capital. While there are many ways to seek funding, a business loan is often the best. With so many products to choose from – and hundreds of lenders offering them – you won’t struggle to find something that suits your requirements. Since taking out a business loan is such a big decision, it’s important to answer a variety of questions before pushing forward. Here are...
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Frank
I took out a small business loan last year, and shopped around for almost 3 months. There are so many providers out there, it is w... Read More
Thursday, 21 March 2019 11:34
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Small Business Payroll: Answer These Questions Early On

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As a small business owner, you’ll have many questions to answer early on in regards to payroll. If you address these right away, you’re in position to implement a system that works for both you and your employees. However, if you put this off, you could find yourself making mistakes that cause additional stress and headaches. Here are the most important payroll questions to answer as you get your small business up and running: •   ...
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Wanderer
The scary part of payroll is when you see that the Federal, Medicare, State and local related payroll taxes have to be paid on a t... Read More
Friday, 08 March 2019 07:03
Frank
I think even if you have 1 employee besides yourself, it is worth it to outsource this process. As wanderer and ChrisB mentioned, ... Read More
Monday, 18 March 2019 16:20
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Want a Business Credit Card? Answer These Questions First

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As a business owner, it’s important to have a thorough understanding of your company’s finances at all times. This could lead to a situation in which you recognize the need to borrow money. While there are many ways for a business owner to secure the financing they require, a business credit card is one of the best. There are many reasons for this, including the hundreds of offers and ability to receive an instant approval....
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Frank
I own 3 business credit cards. I use each one for a unique situation, and I love them!
Tuesday, 29 January 2019 16:29
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Simple Ways to Save Money as a Small Business Owner in 2019

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Are you a small business owner with big goals for 2019? Have you come to realize that cutting expenses would be in your best interest? Do you have some concerns about the best ways to save money, without having an impact on the overall health of your business? There are many ways to save money as a small business owner, so it’s imperative to keep an open mind as you explore all your options. If...
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Frank
Thanks for the tips Chris, I plan to use these in 2019!
Tuesday, 29 January 2019 16:26
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Financial Questions for Business Owners to Answer in January 2019

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As a business owner, January is one of the busiest months of the year. Not only do you have to tie up loose ends from the previous year, but you also need to look ahead to the months to come. When January 2019 arrives, don’t hesitate to answer a variety of key questions regarding your financial situation. Your answers may change as the year wears on, but that shouldn’t stop you from getting everything in...
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Frank
Thanks for these Chris. When you answered these questions for yourself did you write down the answers?
Tuesday, 29 January 2019 16:05
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How Small Business Owners Can Save Time in 2019

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As a small business owner, the month of December is often the busiest time of the year. You’ll find yourself answering questions such as: •    Did you reach your goals in 2018? •    Are you in good position to take on everything 2019 will bring? •    What types of changes do you need to make to achieve more success in the new year? While you answer these questions, among many others, you may come to...
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Frank
I really like the software idea. If you want to be able to leverage your business without hiring additional people, software is th... Read More
Thursday, 27 December 2018 09:47
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3 Key Things Entrepreneurs Should Look for in a Credit Card

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As an entrepreneur, keeping your finances straight can make or break your business. Using a credit card can help you organize your expenses, keeping everything in one place so it’s easier to see what you’re spending. Having a separate credit card for your business helps you keep your business and personal expenses separate. This is key when it comes to accounting and filing your taxes. Keeping your expenses separate is also important for legally protecting...
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Frank
ability to add employer cards is critical! As you grow your business and employee base, this is a big need!
Wednesday, 21 November 2018 14:04
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Ways to Get Funds to Start Your Own Business

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You officially want to start your own business. You have the idea in place, you have your business plan and mission statement, and you are ready to launch. The only thing you have left to do is to get funding for your business. In today's age, there are a variety of ways to get funds to start your own business. Each has its own advantages and disadvantages, but I have outlined several below. Bank and...
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Frank
Has anyone had any success in getting funding for a business recently? If so, how?
Friday, 23 February 2018 14:26
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How to Avoid Falling for a Pyramid Scheme

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Everyone who’s looking for an opportunity to make money outside of their regular paycheck should be aware of pyramid schemes. These scams are typically disguised as legitimate opportunities to work from home and lure in people with the promise of big money. Pyramid schemes, which are illegal, are different from multilevel marketing programs, which are legal and can actually allow you to generate income. Pyramid schemes convince those interested to invest hundreds or thousands of...
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