Effective money management is an important factor that contributes to the success of a small business. As a business owner, you should be mindful of your business’s finances, and know how much money the business earns against how much the company is spending. Managing your cash flow efficiently is essential to keep your business running…
25 Tips on How to Get Bookkeeping Clients
Finding potential bookkeeping clients can be a tough job, especially for new bookkeepers. But the good news is that there are many creative ways and marketing channels to help both old and new bookkeepers find new clients. We spoke with industry experts who share the best approaches on how to get bookkeeping clients. 25 of…
Top 25 Business Ideas for Teens in 2018
With today’s technology, teenagers have better chances of making it big in the business world — Mark Zuckerberg started Facebook in his dorm room at Harvard. If you’re a teen and want to start a business of your own, here’s a list of business ideas and some general tips to help get you started. Here…
Best States to Start a Business in 2018: Definitive Ranking of All 50 States
As of 2016, there were almost 30 million small businesses in the United States. To succeed, small businesses need a favorable economic environment to limit costs, a high-quality labor market, and a local quality of life that attracts both employees and clients. We compiled and analyzed publicly available data for all 50 states to compile…
Uber Driver Pay – How Much Do Uber Drivers Make?
According to a survey of over 9,500 Uber drivers, 30% of drivers earn between $15 and $20 per hour, and 18% earn between $20 and $25 per hour. The report also shows that 11% of the drivers make more than $25 per hour, while 18% makes less than $10 per hour. Other reports have shown…
Top 25 Money Mistakes That Cost Business Owners
Entrepreneurs should stay on top of their business’ finances; however, managing money while growing the business can be a tough job. Mismanaging your finances can cost your business big time. To keep your business financially healthy, you should avoid these money mistakes professionals think many business owners make. According to the experts, 25 of the…
15 Best Cities for Gig Economy Jobs in 2018
The “gig economy” is a market consisting of short-term contracts and freelance work. Earlier this year, an estimated 11 percent of working adults in the U.S. worked in the gig economy as full-time independent contractors, with freelance Americans contributing nearly $1.4 trillion to the economy every year. Whether you’re considering a gig-based career or are…
How to Set Up an LLC on LegalZoom in 7 Steps
An LLC is a business structure that provides its members tax and liability benefits. Filing LLCs is a state-specific process, so it’s important to draft accurate articles of organization with your state. You can file an LLC yourself, but we recommend hiring an attorney or legal service to show you how to set up an…
When Using Credit Cards to Fund Your Business is Right
Using credit cards to fund your business is typically the right thing to do if you need a small amount (less than $30,000) of flexible financing or if you can’t qualify for a bank loan. Credit cards have the added benefit of earning you rewards on routine purchases for your business and typically carry an…
Should I Start My Own Business: 3 Areas to Consider
Whether or not you should start your own business depends on if you have the right motivations, capabilities, and personality required to build a company. Starting a business can be challenging, and it’s important to ask yourself three specific questions before taking the leap. The three questions to answer when wondering should I start my…
How to Come Up With a Business Idea in 4 Steps
The best business ideas involve solving a problem — preferably in a space you’re familiar with a unique solution and a validation process. To come up with a great business idea, you’re going to need to become an idea detective, research common sources of business ideas, brainstorm solutions and test your idea. If done correctly,…
Limited Liability Partnership Agreement Template + Pros & Cons
A limited liability partnership (LLP) agreement is a professionally licensed partnership that protects partners from personal liability of business decisions. These legal entities serve as pass-through entities for tax purposes and are organized to specifically help certain licensed professionals such as lawyers, accountants or architects. An LLP is easy to set up and administer. Commingling…
