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Small Business Owners

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

Join Our #SmallBizMoney Twitter Party on Monday, July 16th at 3pm ET for a Chance to Win Prizes!

Follow #SmallBizMoney as we discuss How to Plan and Budget During the Slow Months for Small Business Owners!  We will be joined by @JayDesMarteau of @TDNews_US! Make plans to join our #SmallBizMoney Twitter Chat on Monday, July 16th at 3pm EDT as we discuss Small Business Owner Tips, Tools, and Resources for Budgeting for the Slow Months! There will be 2 chances to win an Amazon gift card!  1-$50 Amazon gift …Read More

Baker’s Dozen of Affordable Marketing Tools and Tips for Small Business Owners

So you’ve got a small business? Great, but do you know how to bring in more business on a tight budget?   Start with the Basics: Take a close look at your website. Would you buy from your website? If you need an updated logo, you can get a logo created fairly economically by finding a designer on Fiverr. Check their credibility by reading the reviews. Make sure all the landing pages …Read More

Ask an Expert: Should I take out a startup loan for my small business idea?

Q. Should I take out a startup loan for my small business idea? Dear Reader, The prospect of starting your own business and growing your ideas must be very exciting. And the most difficult part is getting the capital to get it going, especially if your business is just starting out. Taking out a loan to grow your business has its pros and cons, but the ultimate decision depends on the …Read More

The Truth About Business Credit Cards

It’s no secret that when you are starting a small business, your personal and business finances quickly become intertwined. One area of common confusion is business credit cards. How are they different? Do they have the same protections? How will they affect your personal credit? How do you choose one? In this blog post, we explore these questions and more so you can make an informed decision for your small …Read More