The True Cost of an Invoice to Small Business Owners
Did you know that 90% of all invoices worldwide are still processed manually? I personally have been a little taken back by those stats as that really sucks. The true cost of an invoice is costing business owners millions in non-payment. That being said, there are vast amounts of benefits to electronic invoicing. The main point seems to be decreasing the amount of repetitive and time-consuming tasks involved with creating invoices....
How Much Cash Should Your Business Keep in the Bank
In the days my business was a side hustle, I didn’t worry about keeping cash in the bank. When I earned money, I paid myself, set aside a portion for taxes, and knew that my account would refill as I finished client projects and got paid. But today that business is my family’s primary income. If my business account doesn’t get refilled, I don’t get paid. While I have plenty of savings in case of a rainy day, or...
How Millennials Can Unlock Their True Earning Potential
The fact that millennials make less than their parents is a serious concern. But Millennials have a different mindset when it comes to money. Millennials have a unique way of unlocking true earning potential and can enjoy a happy and fulfilling life.
Personal Credit Score vs Business Credit Score: Everything You Need to Know (and More)
Also known as a trade or commercial credit score, your business credit score helps financial institutions to determine whether or not you’re a good candidate for debt financing. A high business credit score can improve your chances of obtaining a business loan—and likely, you’ll be able to receive much more favorable terms. Alternatively, a low score can mean higher interest rates, and in some cases, even prevent you from being eligible to borrow.
8 Signs You’re Not Cut Out To Be Self-Employed
If you prefer or need to have a stable and guaranteed paycheck, and not about things like taxes and chasing down payments, then self-employment isn’t the answer. Until you work-out-of-the-kinks, you can expect an irregular income.
10 Habits to Give Up to Become Happy as a Business Owner
The real key to happiness is actually giving up certain perspectives and behaviors. Some people try to achieve happiness by masking it with a temporary purchase or some extra activity.