Financial advice for small business owners and entrepreneurs. Learn how to fund your business, manage expenses, build business credit, and navigate taxes. Get tools to grow and scale smarter.
A good business partner can make your life easier. Choosing to go into business with a partner definitely brings some benefits. Shared expenses, shared workload, and shared profit means that you’ll be counting on this person. The right partner can help alleviate some sources of stress in running a business. But, the wrong partner can … Read more
When you start your own small business, you’ll have many decisions to make. One of them will be whether to tackle all the responsibilities of business management as a sole proprietor, or to get some help. Having one or more business partners can alleviate much of the burden that you would otherwise have to handle … Read more
Is a contract really necessary? There is no law that requires a partnership to draw up a written contract. The mutual agreement, between two or more people, to run a business together is really all it takes to form a partnership. It’s possible that a very simple, straight-forward business with little financial investment may be … Read more
Among the many other decisions you’ll have to make when starting your new business, you’ll need to decide on your business’ legal structure. Before you decide what business entity is best for you, consider the complexity of your business, the financial risk involved in running your type of business, and the tax consequences of each … Read more
Starting your own business can be fun, exciting, and scary. There are a lot of unknowns when you venture into self-employment. Many business owners of the past have made an attempt at self-employment, but half of those businesses fail within the first five years, according to the U.S. Department of Labor. Increase your chance of … Read more
The big question many entrepreneurs have is, “How much will it cost to start my own business?” Some have started their own successful business with nearly nothing, and some have needed to use up their life savings or take out huge loans. It all depends on the type of business you plan to run. You … Read more
You may have considered starting your own business, and if you have, you are probably excited about the prospect of being your own boss. It’s the other American dream; self-employment can provide good to excellent income, while you write your own schedule, and make all the decisions involving the operation of your business. But, if … Read more
