Most people assume that if their business is healthy today, it will remain healthy in perpetuity. However, this perspective is not realistic, as you can never take things for granted in the business world. A staggering 30% of small businesses fail because of cash flow problems, which is why entrepreneurs should learn how to predict…
You may want to know what your small business is worth on the market for several reasons. You might be thinking about selling your business, acquiring a business partner, obtaining a loan or looking for investors. It’s not an exact science to evaluate your business, but certain principles must be followed when it comes to…
It may not be possible to run a completely debt-free business, but reducing company debt is a prudent decision, which will help you manage and run the business better. Your company isn’t that different from your home, and if you have compiled a massive amount of debt, it will cripple your business. Running a company…
Julie owns a successful jewelry boutique and has been in business for 3 years. When she started the business, there was such excitement. She was engaged with all the customers and they all loved her. She created quite an online following where she became the face of the business and showed off new merchandise. Julie…
Growing your company’s revenue is a beautiful thing. There’s no feeling quite like the one that comes with hitting a financial goal that’s long been on your horizon. However, reaching new revenue levels also comes with growing pains. If you’ve hit that point, your business needs a financial executive. But it’s also highly unlikely that…
If investing in your future is something that rests entirely on your shoulders, know that there are options. If you have employer-sponsored plans like 401(k)s, it’s imperative to that you properly optimize that plan to its fullest. But saving for retirement is a process, and its best to understand your avenues even if you’re just starting out. So here are some tips on how to start preparing for retirement.
