For many entrepreneurs and start-ups, finding a good, affordable office space can be difficult. Many choose to transform a room in their home while they get started, but this isn’t always practical or possible, making it hard to get the work-life balance right as the company grows and the need for storage and working space […]
How Much Money Do I Need to Start a Business?
May 28, 2013 By Leave a Comment
When we think of starting a business, most of us think about ventures that cost hundreds of thousands, if not millions, of dollars. While that can be the case, many businesses cost far less to start. Some businesses can be started for virtually nothing. The real question always comes up – how much money do […]
Retirement Planning for Self-Employed Entrepreneurs
April 30, 2013 By 2 Comments
While there are many amazing benefits of working for yourself, there is one big pitfall compared to people who work for large companies: retirement plans. Small business owners don’t have 401(k) plan matching, but you do have some options to put away money in a tax advantage account. Find out more about the best self […]
The Benefits and Risks of Outside Investment
April 23, 2013 By Leave a Comment
As your business grows, you may decide it is time to scale up and grow. To do this, you need capital. You can fund the growth from your business earnings, your personal money, or outside investors. The Grass is Always Greener If an investor is ready to put capital into your business, they usually […]
Cash Basis vs. Accrual Basis Accounting
March 4, 2013 By 3 Comments
When you are starting a new business, accounting may be one of the last issues on your mind. However, when you are getting setup for the first time, it is important to think of the long-term consequences of your accounting method. Cash Basis Cash basis accounting works like it sounds, you recognize income and […]
