Dear SmallBizLady, I just purchased a daycare center. Should I offer the returning customers the existing price or my higher pricing? Tomika Robertson A Giants Preschool LLC One of the great things about buying a daycare or any existing business is that you already have cash flow. If you are taking over a daycare center, […]
How to Leverage Crowdfunding For Your Small Business
It used to be when you started a business the best source for money was your right or left pocket, closely followed by the 3 F’S – friends, family, and fools. Then, later, angel investing and venture capital became popular. Now there’s a new way to get resources for a small business – crowdfunding. There […]
Bookkeeping 101: Assets vs. Liabilities
In the past 10 years, two different and seemingly unrelated forces rocked our world. One was the internet, which has become popular and a household item. The other was the economic upheaval experienced by most of the countries on our planet. The convergence of those two forces gave rise to another form of business, one […]
Funding Rebuilding for Hurricanes
As the cleanup begins along the east coast after the destruction left by Hurricane Sandy, residents hit hardest in areas of New York and New Jersey begin to calculate the damage that has been done. Hurricane Sandy is now officially listed as the biggest hurricane to have formed in the Atlantic Basin. Some media sources […]
Small Business Tax Tips for Last Minute Filers
Guest Article Depending on where you live, a good majority has already witnessed wild weather patterns since the New Year. According to most calendars though, spring has officially sprung! And according to Uncle Sam, the time of the dreadful deadline draws nigh. Now, hold your horses, before you gallop into a frantic frenzy, we’d like […]
5 Common Sales Tax Mistakes in Small Businesses
Guest Article One of the easiest ways to burn through hundreds of thousands of hard earned dollars without a match, lighter or incendiary device is by simply not paying attention to your sales tax filings. If you run a startup, and you are selling some products or services and you aren’t managing your sales taxes, […]
Tips For Small Business Owners With Poor Financial Skills
Guest Article Sometimes, you have that entrepreneurial spirit — the innovative ideas, the drive, the business know-how and people skills — but you just don’t like the financial side of it all. You’re not alone: not everyone has a built-in knowledge of how to effectively keep track of business finances. In fact, it can be […]
2 Small Changes for Big Results in Your Small Business in 2014
Guest Article The New Year is upon us. What a gift! If I am going to make all my dreams come true in this lifetime, I better get more done with less time and effort. I’m too old to waste time. So, I’m focusing on small changes that will lead to breakthrough results. Money helps. […]
5 Tips for the Entrepreneur Seeking Funding
Guest Article These are heady days for entrepreneurs and founders. Economic indicators look positive and the taper is happening. Unemployment is down, housing starts are up and so is the stock market. If there is any downside to this news, it has to be that interest rates may begin to rise, fractionally of course, but […]
5 Ways to Create Financial Resources to Start a Small Business
If you want to tell your boss to take this job and shove it in 2014 to start your dream business, you will need financial resources. It’s amazing how much courage you can have to draft your resignation letter when you have one year’s living expenses saved up. It takes on average 18-36 months for […]