Something that every sole entrepreneur learns at some point is that they need help with “something”. It could be with sales, answering the phones, handling marketing… almost anything.
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When you get to this point, it begs this question: do you hire or hire out? For some it’s an easy answer; for others it’s complicated. As an owner, you have to think about what’s at stake for your business.
Continue reading Should You Hire An Employee For Your Small Business?
Whether you’re in a large or small business, money is absolutely an issue. If you’re part of a large organization you have many options available to you when it comes to how you handle money. You’re probably not the owner or founder, which means you’re dealing with someone else’s money.
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It’s different for small business owners. Even if you have a few employees, money issues are always cropping up here and there. Even successful business owners started out struggling for survival, and possibly made one of the 7 things we’re going to talk about here.
Continue reading 7 Ways You Should Be Thinking About Money And Your Small Business
Two years ago we wrote a post titled 5 Things To Know About Self Employment. It covered some pretty good ground, but there’s so many more things that we can share which will help you if you’re not already working on your own and are thinking about exploring it. As with everything else in life, some of it’s good, some of it’s scary. Let’s take a look at 5 more things regarding self employment.
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1. You need to plan for the possibility of making a lot of money. One client of ours spent the first few years basically floundering; he wasn’t a client at that time. Then he struck virtual gold and over the next two years he made more than $350,000 total; sounds great, right?
Continue reading 5 More Things To Know About Self Employment
We’re about to head into the new year, and if you’re self employed or a partner with someone else, I assume your goals are to grow in the new year.
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With that being considered, there are steps you need to take to help you be successful. After all, almost no one ends up becoming a success without a goal, plan or tools to get there. Here are some ideas for you to maximize your performance.
Continue reading 7 Small Business Ideas For A Successful New Year
In the last quarter of every year, all companies start to take a look at their income. If they’ve had a profit, they start thinking about ways to spend some of it before the year ends so they can write it off their expenses.
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Overall it’s a great strategy. If you haven’t had to spend a lot of money during the year and you have a nice profit, it’s the best time of the year for purchases. You could even possibly save money because many businesses have sales in the last quarter of the year because of the holidays.
Continue reading Determining Business Expense Needs Vs Wants