Profit Margins Businesses will need to create money to stay afloat. Monitoring and tracking your profit margins is crucial since it suggests that the health of your organization, and if your business will grow and prosper. Whether you are a well-established company or a startup operating from a garage, then you need to understand your profit margins and ascertain what they ought to be. Here is what you need to know about profit margins: What's ...
Small Business Budget It is vital to be certain to set yourself on a path to success. One of the most important strategies is to create a small business budget which can keep your finances streamlined, efficient and in order. 1. Don't Co-mingle Your Business and Personal Finances This is huge! Co-mingling company and private money may seem simpler, but it may result in complications in the future. Additionally, it may be risky to make ...
Are you under the impression that business credit and personal credit are one in the same? As a business owner, this is not a mistake you want to make. As we have discussed in the past, there are many differences between business and personal credit. So, if you want to avoid harming your business credit, if you consider this as important as your personal credit, it is important to answer these three questions: What is ...
S corp vs LLC If you're the sole owner of your organization, you might have opted to structure it like a limited liability company, or LLC, to secure your own assets. However, you might have discovered that, for taxation purposes, you ought to be an"S corporation." The reason? Income generated by means of an LLC is taxable as personal income--although it is possible to deduct business expenses from an S corp's gross income. However, the ...
Earlier this year, we argued that millennials could very well change the face of small business lending. We had a hunch, and after speaking to and working with hundreds of millennial business owners over the past year, we decided to take a closer look and see if our “hunch” had any merit. We wanted to know — how are millennials stacking up against other generations when it comes to small business financing? So, we aggregated ...
Is your business realizing great profits but still feeling the pinch each month? There may be a number of reasons for this, but more than likely you’re experiencing cash flow problems. It’s a mistake many businesses make – focusing on overall profitability but failing to take cash flow into consideration (cash flow problems are, by the way, the #1 reason why small businesses fail) when reviewing their books. Believe it or not, your cash flow ...
1. Wix 2. Squarespace 3. Weebly 4. Duda 5. WordPress 6. Yola 7. Sitey 8. Shopify 9. Webs 10. Jimdo In the today's business world, it is typical for even the smallest businesses to run at least some aspect of their company on the internet. And if you have an e-commerce shop or will need to allow for purchases, it is imperative that you have an internet presence with a website and possibly shopping cart ...