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Small Business Owners

How to Plan Your Retirement On the Go

It’s common knowledge that you should start planning for retirement early. Staying on track requires learning how to carve out savings and knowing how to manage it all to make sure you have enough when the time comes. Whether you’re in the early stages of the planning process or you’re further down the line and need help managing the money you’ve already set aside, your phone can help. Getting in …Read More

#AskanExpert: How Can I Move My Personal Credit Card Debt to My LLC?

Q. How can I move my personal credit card debt to my LLC? I started a company but I funded it with my personal credit cards first. Now I would like to move those expenses to my company’s LLC. Dear reader, As a business owner, it’s wise to keep your personal and business finances separate. It’s easier said than done, especially when you are starting out. It’s not uncommon for …Read More

What Should Your Long-Term Business Financial Goals Look Like?

You have a handle on your personal financial goals, but what if you’re an entrepreneur? How you manage your business’ finances may look drastically different from your strategy for personal finances.   Whether you run a one-person show or have an extended team, being able to manage both the day-to-day of your finances as well as see the bigger picture is essential for small business success.   Keep an Eye on …Read More

7 Simple Tips for Small Business Owners to Manage Irregular Income

“My paycheck is unpredictable.” It’s the underlying challenge every freelancer, independent contractor, salesperson, solopreneur and business owner faces. While this factor alone scares many people away from pursuing their entrepreneurial aspirations, it is nothing to fear when you are prepared to manage the potential pitfalls of irregular income. In fact, it can be a powerful motivator. Here are a few ways to maximize the busy times, weather the dry spells, …Read More

Business Loan vs. Line of Credit: What’s the Difference?

Positive cash flow, or working capital, as its often referred to is one of the most common challenges business owners face. Whether for payroll, inventory, equipment or any other expense, having extra funds on hand can go a long way toward keeping your company running smoothly. Not only that, it can also help you make decisions and take steps to grow your business.   You know you need working capital, …Read More

A Small Business Owner’s Guide to Better Bookkeeping

One of the most underappreciated yet vital aspects of running a business is bookkeeping. Far from the most glamorous part of entrepreneurship, keeping detailed financial records can be the difference between success and bankruptcy for small businesses. Bookkeeping requires time and effort, but you cannot put a price on having a clear sense of your debts, deposits and credit as you make important decisions.   Between the hundreds of companies …Read More

Top 10 Tax Preparation Tips for Small Business Owners

Running your own business certainly has many perks. You can have more control over your work schedule, hire people around you, and experience the excitement of building a company from the ground up. But, being a small business owner also comes with responsibilities that are a little less enjoyable—like paying taxes.   Few business owners find tax preparation to be fun, but all must bite the bullet and get through …Read More

5 Numbers Every Business Owner Needs to Know by Heart

Numbers dance around business owners’ heads all night long. How much do I need to make payroll this month? When will I run out of inventory this month? What will my tax bill be when April hits?   It’s no surprise that keeping track of those ever-changing numbers is a job unto itself — small business owners are often the CEO, sales department, accounting, marketing, business development, and sole employee …Read More

How to Fund Your Summer Side Hustle

Somewhere in the nebulous realm of part-time jobs and freelance gigs lies the side hustle, a general name for money-making projects you complete in your spare time.   A quick web search can give you literally hundreds of side hustle ideas, from the simple and quick — like taking paid online surveys — to those requiring a little more time and energy, such as becoming an Amazon seller.   But …Read More

Survey Finds Small Businesses Have Major Growth and Increased Hiring Plans

Expansion is on the agenda for small business owners (SBOs) in 2018, with more than half anticipating revenue growth and 22 percent planning to hire staff, according to the 2018 Small Business Survey conducted by TD Bank, America’s Most Convenient Bank®. Last year, 46 percent of business owners expected to increase revenue and just 9 percent had plans to hire.   To help fuel this growth, credit needs also significantly increased …Read More