There are many versions of accounting software available to small business owners, but accounting is only one aspect of recordkeeping. Word processors, databases, spreadsheets, and all sorts of graphics can aid you in managing the financial and clerical aspects of your business.
There is probably no area of greater confusion to the self-employed businessperson than the [...]
Entrepreneurs, whether big or small, venture into the world of business for many reasons. A handful could choose to undertake entrepreneurship because it is what their hearts dictate. But it is a reality that many would like to engage in business because they are attracted by the idea of having large profits. It is, of [...]
It’s Spring Cleaning Time! The weather is getting warmer and it is time to dig through those closets, garages and storage areas and turn your unused items into cash! Traditionally, this is the busiest time of the year for classified advertising. Motor vehicles and recreational vehicles are especially big sellers during the warm weather. If [...]
As a business owner, you should deposit all business receipts in a separate bank account. If possible, you should also make all disbursements by check. In regard to all business entities, with the exception of corporations, a disbursement from the business account is not necessary to qualify the expenditure as a business expense. A check [...]
It can be a very emotionally filled time when you venture out and start your own company. You will experience extreme highs and lows. There will be fear and second guessing, terror when you think things are falling apart, and excitement and joy as a fledgling idea transforms into an actual business – and it’s [...]
10. Trying To Get Rich Quick
Most overnight successes take 15 to 20 years to achieve. If you go in expecting to be rich overnight, you may become discouraged early on and give up your dream prematurely. Know that success takes time, takes perseverance and takes a little bit of luck. Give your business the time [...]
The world population is now over 6.6 billion people and growing at 2.5 new people every second. That’s a lot of people with a lot of needs. All these people are starved for products and services - business opportunities abound! But in almost every case companies are serving up products and experiences that come up [...]
Today, international freight trade is a very lucrative industry and represents a significant amount of GDP for any region as countries from all over the world commercially trade with each other on a daily basis. In Europe, the United Kingdom enjoys a large amount of international freight traffic, not only because of its position as [...]
I’ve surveyed hundreds of entrepreneurs about what gets in the way of achieving their goals. The two highest responses are: “I don’t have enough time,” and “I don’t have enough money.”
Now I don’t want to seem callous or unsympathetic as I’m sure that many people do really have a lot of things on their plate [...]
Economic recession - Turning Loses Into Profit
Economic recession as a term is pretty common. What does this term mean to the economy, to the country, to you? Normally when the GDP of a country stagnates or recesses for over six month consecutively, economists and the National Bureau of Economic Research (NBER) would label the period [...]
