Browsing Tag
quickbooks
15 posts
How Freelancers Can Stay Afloat During Times of Crisis
Freelancers may have mastered working at home, but that doesn’t mean they have it easy right now. In a crisis like COVID-19, independent contractors are often the first to be cut. Although most freelancers are eligible for loans under the Paycheck Protection Program, the PPP can’t make up for lost work. And those who do...
6 Ways to Make Your Startup’s Tax Filing Season Easier
While there are individuals who instinctively understand the finer nuances of taxes (and as such plan year-round to make the process effortless and painless), many entrepreneurs will enter into March and April with utter dread, knowing tax season can be arduous and costly. Though taxes, particularly those for the 2020 fiscal year, are merely a...
Starting a Business? 5 Ways to Stay on Budget
Whether you are pursuing a lifelong passion, have a unique product idea with income potential, or want out of the corporate rat race, there are many reasons why you may be looking to start a business in the new year. Self-employment does have some downsides, and starting a business isn’t always a cheap affair. You...
3 Ways to Boost Your Word-of-Mouth Reputation to Hit Your Growth Goals
Self-employment doesn’t have to mean going it all alone. Customers and friends who support your business might be the most valuable marketing resource you have. And word-of-mouth marketing only gets more powerful when you look at the networks of people online who are happy to tell others about their experience doing business with you. In...
How This Entrepreneur Made Monday the Happiest Day for Employees
Shaun Savage is the founder and CEO of GoShare, a company that considers itself “your friend with a truck.” GoShare connects truck and van owners with businesses and people who need help with moving or delivering on demand. Currently, the company offers services in 12 markets across the country. GoShare is growing fast and looks...
Entrepreneurs Should Stop Sweating Tax Season — And Do This Instead
Complying with complicated tax regulations is difficult enough for new businesses without having to learn about the latest in tax reform. Without knowing for sure how new laws will affect them, entrepreneurs are often left guessing about how to file for their company. And if they don’t have an accounting professional advising them, the average...
4 Business Goals for First-Time Entrepreneurs
As a first-time entrepreneur, your journey will be filled with opportunities for evolution, personal growth and the first taste of what it means to be your own boss. In order to achieve all of the big moments and milestones that come along with that title, you need to be strategic and intentional about your goals....
4 Ways to Use a Personal Loan to Take Your Side Hustle to the Next Level
Side hustles are crazy popular these days, and are a great way to test the entrepreneurial waters. If you have one, you’re one of more than 7.9 million people with multiple jobs. Now is the perfect time to plan what you’d like to accomplish in the year ahead with your side hustle and what actionable...
How to Balance the Books on a Shoestring Budget
When you're just starting up your business, every penny counts. You'd probably rather spend your already limited funds on marketing and growing your business, rather than on something as mundane as accounting. However, having a strong accounting process is the key to managing finances, and that means learning how to balance the books and maintain a...
How to Value an Online Startup: Tips for Buying or Selling a Business
Of all the potential outcomes for an entrepreneur seeking to exit his or her online business, a profitable sale is undoubtedly one of the most favorable. In order to achieve a successful sale, it is necessary to first understand how to value an online business’ worth and to set an appropriate asking price. But how...
Financial Skills: Actually, There is Accounting for Success
Money is at the top of the list of tough stuff for most entrepreneurs. When a business issue (versus a personal issue) is the core reason for failure, 65 percent of the time it is due to financial mismanagement. If you hold yourself fully accountable, money doesn’t have to be one of your tough topics....
How to Convert Your Side Hustle Into a Full-Time Business
Turning your side hustle into a full-time business often seems like a dream rather than reality. Ultimately, it takes a combination of luck, strategy and motivation to succeed. The average American works for dozens of years before retiring. What if you could take your future into your own hands? Self-employment is not for everyone, but...
Stay on Top of Business with This 10 Step Checklist for Your Startup
For entrepreneurs, July is a great time to assess how the year is shaping up, make adjustments that boost revenue or reduce expenses and take advantage of new opportunities. But how do you get started and what should you focus on? Here is a step-by-step checklist that can help you stay on top of your...
Startup Hacks: How to Get Your Invoices Paid, Fast
One of the biggest challenges of being a small business owner is convincing clients to pay invoices, especially when you’ve asked more than once. It’s easy to waste hours mailing and re-mailing invoices, digging through old communications to determine the hold-up, making uncomfortable phone calls, and harassing customers with reminder emails. All to get the...
How to Grow Financial Skill to Grow Financial Capital
No sugar coating, let’s start with tough talk A study of 2,500 entrepreneurial companies, conducted by Xero, found that 65 percent of business failures are due to financial mismanagement. Financial knowledge and accountability is a critical responsibility of every startup founder for success. Yet when it comes to financial matters, too many entrepreneurs make erroneous...