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Mismanagement of money is one of the main reasons why 50% of businesses fail within the first five years. You can try to manage your money the old school way which involves a lot of paperwork or you can use accounting software. If the idea of delving into software seems complex and tiresome, then you [...]

Did you know that in 2016 there were 55 million people in the United States that were freelancers? It’s no wonder that with the number of freelancers nowadays self-employment taxes are an important subject people are trying to understand. Being your own boss is great, but it also means paying your own taxes. If you [...]

Business costs build up in an insidious way, creeping up over time as the company grows. This affects the long-term bottom line and limits the profit you’re able to make. Cutting overhead costs used to mean firing people. Before you take such drastic action to rein in the expenses, consider other ways to save hundreds [...]

Every business owner will face a situation when they need to invest in a large purchase. Unfortunately, these purchases aren’t cheap. Take equipment, for example. The average business owner can expect to spend between $10,000 and $125,000 on equipment! How do you afford these expenses? You can always take out a loan or settle for [...]