Taxes are a very complex part of running a business. They are also one of the biggest sources of frustration for entrepreneurs.One of my colleagues recently discussed the problems that taxes can create. He has an affiliate marketing business and lives in the United Kingdom. He was promoting affiliate...
A lot of people do not know what differentiates bookkeeping from accounting.  These professions will share similar goals, but they do support different stages of the financial cycle in your business.  It is important that you know what the functions of each profession are and what role they will...
Entrepreneurs often get labelled as uninformed risk takers who don’t have much focus when the leap into starting their own business. Although elements of this are true, it’s absolutely false that they are unknowledgeable in their field of work. When starting a small business it takes a ton of...
Are you planning to pull the trigger and start your own business? Before you give your two week notice to your boss, you need to make sure you have the financing you need to get your new business off the ground.Unfortunately, securing small business financing isn’t easy. The SBA...
More than any other form of transportation in the U.S., cars are used for driving to and from work, social activities, and everything in between. This is why it can become very inconvenient when a driver has their driving license revoked and suspended. It’s compulsory for a person whose...
It’s never been harder to get a loan than right now. The 2008 crash forced lenders to reconsider their policies. A poor personal credit record can put an end to the idea of starting a business. Getting a business loan with a poor personal credit history isn’t impossible.You just...
When you’ve worked in the construction industry either as a salaried worker or an independent contractor, the comparatively low pay, lack of a clearly defined career path and dearth of opportunities for progression can become stifling and infuriating. After a while you start to get an entrepreneurial itch that...
One only has to initiate a quick search on Google to see how many businesses fall flat on their faces during their first years of operation. As you may have gathered from the title of this article, one of the big reasons behind this is cash flow.For a lot of...
Starting a business is one thing; adapting to a more significant workload without compromising on your qualities is another, entirely. A lot of small businesses reach a comfortable stage pretty quickly, but when it comes to achieving that massive growth, many will fall at the first hurdle.Primarily, this is...
Every business has some growing pains but for many businesses, this can lead to some serious problems with cash flow. Though your ideas are good and your creativity is on point, any business can find themselves in serious trouble without a proper financial plan. In fact, many a brilliant...