If you’ve recently started your own business, or are in the process of starting one, and you know that having a team will be vital to your success, you need to make sure that any HR guidelines are clear and that you are not violating the tax code in any way. The most frequently asked [...]
What is a business budget and why do you need one? (affects pricing decisions -break even point, how much profit is necessary, how to decide what to pay yourself, etc) Key components to include in a budget How often to review and adjust Software good for creating business budgets Your monthly budget is the foundation [...]
Ever since I can remember, my dad was always the financial manager in our household. He knew how to support 8 kids and a wife on less than $40,000, and we didn’t lack any basic necessities. As the eldest child, I was the recipient of most of the financial lessons since I saw most of the changes that our family went through over the years – career changes, mission work, and new babies. […]
A transitioning entrepreneur is one who is employed by someone else, but has a side hustle or independent freelance work “in progress” that generates revenue in addition to employment income. The transitioning entrepreneur actively seeks to grow his/her business with the goal of eventually leaving the job and working full-time for themselves. If your goal [...]
2015 has been an interesting year. Some great things have happened…and some not-so-great things. Life is unpredictable, but life as an entrepreneur seems doubly unpredictable. It’s not for the faint of heart or the easily discouraged. […]
