News flash. Building strong, trusting business relationships is essential for long-term success. Okay, maybe that’s pretty obvious, but it is certainly easier said than done. At least in the U.S., business systems are built around a sense of competition. And that competitive fire can lead to dog-eat-dog environments where ethics and relationships are jettisoned in […]
Accounting is one of those subjects business owners tend to ignore. Because, let’s face it, there’s a lot to do as an entrepreneur, and digging into finances can be confusing and scary. But the words of Marcus Lemonis always ring true; if you don’t know your numbers, you don’t know your business. Of course, […]
It can be easy to take things for granted in today’s booming job market. And while it seems like jobs are available for the taking today, that situation can change at any time. That’s why it’s essential to be ready for a rainy day by creating an emergency fund. Most experts recommend having three to […]
One of the greatest dangers a business can face is a run-in with the IRS over payroll taxes. IRS auditors won’t hesitate to swoop in and take care of the problem whenever they suspect payroll taxes aren’t paid. The reason is simple. The IRS considers it their money, and they would rather shutter the doors […]
Chances are you’ve heard nightmare stories about a friend-of-a-friend who had to go through an IRS audit. Unfortunately, these scary scenarios almost always end in financial calamity. The first thing to remember is the IRS conducts individual tax audits on less than 1% of all filers in an average year. So your chances of going […]
Making financial goals can be challenging. To be successful, you need a process for setting goals. Let’s take a look at how to make strong financial goals so you can get the New Year started right. Break away and get serious Take a moment to break away from all the noise when setting goals. Remove […]
Flipping that calendar to December seems to trigger a single question in the minds of many entrepreneurs. How can I lower my end of year tax bill? Often the second thought is on the first one’s heels. I know! I’ll buy something! If you have this thought, then congratulations! You must have had a great […]
You’ve had a long day, one where nothing seemed to go right. On the way home, you need to unwind and swing by your favorite store. “I’ll just browse,” you tell yourself. Then you see it. That thing you have to have—and it’s on sale! Next thing you know, the plastic is coming out of […]
Credit can be a somewhat mythical or confusing concept to many. How do you establish credit? What is a good credit score? How do you even calculate a credit score? We break down how your credit score comes together and what you need to know about increasing it. Your credit score may vary You may […]
As we look to the new year with our resolutions written, goals set and dreams looming, it is important to set yourself up for success to achieve these. If you plan to just hope and wish your goals to come true, you may be sorely disappointed. Using organization and prioritization, you can give your personal […]