Finance

January is Financial Wellness Month, making it not only the optimal time to start new year resolutions and goals for yourself, but also for your business financially. Dedicating the first month of the year to taking a closer look at the financial health of your...

The impact of inflation is felt by all Arizonans. Currently, diesel gas prices are over $5 per gallon. According to the Rate Inflation, in August 2022, the rate of inflation was 8.263%. As a business owner, I’ve felt the effects over the last 2 years as my shop hourly...

Expanding a business often requires capital, but not always. While it's true that many businesses need to secure additional funding in order to grow, there are other ways to expand without taking on more debt or equity financing. One way to expand without needing...

Controlling costs is a crucial aspect of running a successful business. Not only does it help improve your bottom line, but it also allows you to allocate more resources towards growth and innovation. In today's fast-paced business environment, it's important to...

With entrepreneurship on the rise during and after the pandemic, business owners are facing a lot of firsts. One thing that new business owners need to be prepared for is selling their business when the time is right. Business owners decide to sell for many reasons...

There have been 14 recessions in the United States dating all the way back to the Great Depression. Fortunately, the US economy has always managed to bounce back. But what impact has that had on those who own their own business? There was a brief recession during the...

Managing payroll is a vital need for companies to be proficient at in order to not fall out of any legal regards when coming to taxes and missing information. This skill is responsible for the keeping of records, processing paychecks, monitoring employee performance,...

The pandemic had a huge impact on small businesses, but fortunately, they had access to Paycheck Protection Program (PPP) loans to help keep them afloat during these unprecedented times. However, now, the Federal Reserve is increasing interest rates to slow inflation...

One of the most significant transactions you will make in life is making the decision to sell your business. To alleviate some of the stress, follow these guidelines and gain better insight during this process. Determine the value of your business You wouldn't want to...

As small business owners are beginning to bounce back after the pandemic, some are continuing to struggle amid the recent inflation and supple chain issues we are facing. In a recent study, a whopping 89% of small businesses admitted they just didn’t have access to...

A quarter planning system splits up the year into four three-month periods on a businesses’ financial calendar. This makes it easy for a company to plan out their strategies and set quarterly goals for the year. Q1 starts off the year consisting of the months of...

During this first half of 2022, inflation and the fear of its increase has been an ever-present force that doesn’t seem to have a foreseeable end in the immediate future. As a result, it would not be beneficial for a company to go unchanged when going through this...

It is expected that the U.S. Federal Reserve will increase interest rates increasing consumer borrowing costs. Jerome Powell, Federal Reserve Chairman, is expected to proclaim the central bank’s key interest rate from near zero to counteract the rising inflation. This...

In the last few years, freelancing, gig work, and home offices have been more common. When it comes to tax season, people who have adapted to this new form of work want to make sure they are getting the most out of their tax returns. Work Based VehiclesIf you drive a...

With our current supply chain issues in this country, there are lots of aspects to think about when it comes to your business and its revenue. These issues can have a major impact on how your business does in the short-term and in the long run. Late deliveries If your...

Filing your taxes as a freelancer can seem like a tedious task to get through as a freelancer. You are your own boss, no longer employed by a company. Being in the gig economy has its perks, and there are plenty of ways to take advantage of tax season to avoid a large...

During the pandemic, median household income fell 2.9% and every year, prices increase 5.3%. As a business owner, you see the changes and may start to worry about your business. Fear not, there are ways to combat inflation without severely increasing your prices and...

Making money online has become popular to make extra cash, you can even do it without leaving the couch. 1. Start Investing The easiest way to make money online is through investments. There are many ways that you can start investing: real estate, stocks, and crypto....

Increased gas prices have affected everyone across the world since the start of the Covid-19 pandemic. In Arizona alone the average price of a gallon of gas is $3.32. Gas prices cause more pain than just paying a couple extra dollars when stopping at the gas station....

If you are a small-business owner, and you have become adapted to the constant fluctuation of the economy in the past, rumor has it there is hope right around the corner. I know I know… Another article about the trials and tribulations of being an entrepreneur in the...

As of October 2021, Wendy Edelberg shared in “What does current inflation tell us about the future?” that we have seen an inflation rate of 6.2%, increasing gas prices and average cost of living that can be compared to the Great Depression.    History  The Great...

One of the major steps in creating or expanding your business is to find a space that works for your company. Sometimes that can be in your home but other times you need a space strictly for business.  Finding a commercial real estate property can be difficult,...

It is almost that time of year… tax season. But filing your taxes does not have to be all that dreadful when you master the basics. Firstly, understand that filing your taxes is a tedious process, but it is meant to benefit you- the taxpayer with that big tax return...

Small businesses are the forefront of the American economy. They drive economic growth and creativity. According the US Chamber Foundation, 98% of businesses have fewer than 100 employees. Unfortunately, these businesses are also the first to feel the effects of...

It’s a horrible experience to be in debt as a business owner. It keeps you awake at night because you’re not sure what’s going to happen to you or your family. Nearly every entrepreneur has experienced this, and many get themselves out of that situation in a smart and...

If you’re worried about your credit, or what to do once your debt relief program runs out, you’re not alone.If you’re worried about your credit, or what to do once your debt relief program runs out, you’re not alone. At the start of the pandemic, the lending community...

Gas prices have always fluctuated but have had spikes more dramatically throughout 2021. Gas prices may be affected by oil prices, gasoline supply and gasoline demand. This heightened price has placed intense pressure on available supplies. 2021 gas prices are at the...

Are you wondering why your favorite restaurant went from being open 7 days a week to only 3? Or why is it taking abnormally long for you to get a table at a restaurant and the waiter to bring out your food? You’re not the only one. Ordering french fries went from $3...

To say the work economy has changed since the Covid-19 Pandemic is an understatement; the workforce has completely transformed the regular nine to five job as we know it. Mobilizing jobs has become astonishingly popularly, if not essential for individuals. THE...

Do you want to earn a great paycheck? Do you want to have flexibility with your job? How do you feel about being your own boss? The current gig economy is booming, transportation services such as Uber are making up 90 percent of the gig economy (Broda, 2021). What is...

For many, retirement is the ultimate goal after decades of work, however, a portion of retirees “reverse” retirement and rejoin the workforce. According to a Federal Reserve Board study, one-third of retirees return to work on either a full or part-time basis. Is...

Struggling to survive in 2021? You’re not out of options yet! With the PPP and many other relief efforts being made during the pandemic, you might think: “Wait, they’re bringing out another program?” Not exactly. SBA Community Advantage (CA) loans have been around...

Planning your next road trip? If so, are you sure you want to take your own car? While it might seem obvious that driving a rental car would be more expensive than driving your own, there are certain scenarios where you may want to use a rental car instead. First, a...

These days, an increasing number of young entrepreneurs are dealing with the same question: What do I do about my student loans? Fortunately, federal loan consolidation is often a great option for student loan borrowers. It provides the convenience of having only one...

Getting 5% back on all your purchases is a tempting offer — even if it’s only cents most of the time, it can still majorly add up by the end of the year. But are rewards cards really worth it? Let’s take a look. Pay off the bill on time.If you don’t pay off your card...

The Paycheck Protection Program (PPP) relaunched in December, with brand new applications being released on March 3, 2021. As a small-business owner, you’re being prioritized by lenders and given extra resources to keep your business on the ground.The Paycheck...

Many factors go into the statistics we’re seeing today, but there’s no arguing with the facts themselves: Americans today own homes at a lower rate than in the past, and younger Americans are less likely to own their homes than their parents or grandparents were at...

By now, most hear the words “extended warranty” and our minds go straight to the robocall that targets some of us on a weekly — or even daily — basis. That particular scam has been going on for a long time, yet most people don’t know how to handle it. Hang up, and...

Isn’t it funny how many services won’t let you cancel them if you’re displeased? For example, if you’re paying a company good money to monitor your data, and someone still skims your card info and buys $400 worth of cigarettes and scratch cards in New Jersey, that’s...

When you aren’t familiar with cars, you might pick your auto mechanic by chance. You just have to hope they’ll be honest and won’t rip you off. When you aren’t familiar with cars, you might pick your auto mechanic by chance. You just have to hope they’ll be honest and...

When you travel for business, many of your expenses can be written off on your taxes — you just need to know the rules. Here’s a quick guide to get you started!  Driving Out of Town To start, deduct your out-of-town miles the same as you would for local drives — this...

About 9 out of 10 parents are willing to help their child get out of debt. And student debt is a very common type of debt for young people today. If your child has taken a student loan, it’s probably the first loan they’ve ever received. That’s a huge responsibility,...

As a young person, a lack of financial expertise can make you prone to mistakes without realizing how irresponsible spending can affect you later in life. Unfortunately, negative information like payment delinquency can stay on your credit report between 7–10 years....

Since the start of the pandemic, much of our social and financial lives have been spent over the internet. As we put out more and more personal information online, this makes it particularly easy for hackers to find new targets to drain the savings from. Digital crime...

If you have less-than-ideal credit, it’s no secret that it’s tough opening new lines of credit or applying for new residences. If you’re faced with rejection after rejection, you might be tempted to apply even more — but the truth is that repeatedly applying for a new...

Nobody wants to be paid late — and employers, perhaps even more than employees, don’t want to pay late either. It can be illegal to make even the smallest mistakes when it comes to payroll, and you’d rather be the great friend people trust and can rely on instead of...

Whether you’re calculating payroll yourself or using a third party, many miss a crucial fact: Your time is worth something. How much does it cost for you to run payroll? As the key decision-maker, your time, focus, and energy are extremely valuable to your business’s...

These Times May Be Turbulent, but That's Why Your Business Needs the Right Coverage Your business needs to be prepared for the future in a lot of ways, and one of them is through insurance. Between the pandemic and political polarization, small businesses have been...

Are you feeling a bit left behind lately? While the pandemic lockdowns have pushed people further into the virtual world, not every business has felt entirely prepared for the shift. How do you keep up with entirely virtual business if your office isn’t properly...

The upfront cost of having a company car for you and your employees can seem steep — but it can actually be a huge boon to your business. Especially in the pandemic, when company travel by car is becoming more common, you might want to consider a car to get your...

If you’re an entrepreneur, you most likely love your craft. But you also love making a living off of that craft, which drives you to grow your businesses. Because of the pandemic, now is the perfect time to creatively rethink how your business scales to new heights....

Currently, many of our business models are shifting to meet the adjusted needs of our markets. Some of these models rely heavily on credit, which has many entrepreneurs losing sleep. However, creditors realize that if they want to succeed, their credit holders need to...

As I'm writing this, many small business owners are navigating the challenges the pandemic is throwing their way, including insurance coverage issues. This entails establishing new payment dates, as well as defining what is and isn't covered. To best manage this...

Right now, many companies in our entrepreneurial community are scaling back or re-evaluating their business models. However, federal assistance programs for small business owners are available, such as the Paycheck Protection Program and the Economic Injury Disaster...

It can be a challenge to rebuild good credit if you’ve faced bankruptcy or a challenging financial situation. When your credit is down or wiped out, many lenders will decline to extend credit to you leaving you with few options. When you want to rebuild your credit,...

If you don’t get off the ground, you won’t be able to build your company to new heights. Raising capital is a crucial part of that process, and you may need to take on debt to do it. But, if your credit is less than ideal, it can take years to find the proper funding...

As a business owner in our current situation, you have a lot on your plate, including taxes. While the IRS is usually a source of stress, they’re doing their part to help those in need, including companies. If you’re still working through your taxes, here is what you...

As a small-business owner, you have a lot on your mind right now. Demand is in flux, and with the virus spreading, you have to make some hard decisions about how to handle remote work. But you do have options and resources at your disposal, including your AFEUSA...

April is Women’s History Month, and Facebook COO and Lean In founder Shery Sandberg is one of the world’s most history-making women in business today. Speaking at a panel co-hosted by Stanford Law School, Lean In, and the Hamilton Project about how women can level up...

Customers aren’t driven only by the cold hard facts when determining what they’re willing to pay for a product. In fact, psychology can play a powerful role in determining the optimal price point for your product. As you hone in on your optimal pricing strategy, here...

Being strategic about tax planning is a central way to grow wealth as a small business owner and tax season is right around the corner. Here are a few write-offs every business owner should know about and, if possible, take advantage of. Cell Phone Bills Just because...

Billing is a complex issue for companies to handle, as every market and business plan is different. If your system is lacking in any way, though, it can be detrimental to your customer experience. Here are a couple of signs you need a new billing system. Competitors...

During the holidays, we often find ourselves rushing to get our loved ones the perfect gifts, but what about our customers? A holiday gift is a great way to endear yourself to consumers, but finding the perfect present can be a real hassle. What is appropriate? What...

If e-commerce is a staple of your business model, shipping and handling costs can keep you up at night. For any business, especially an e-commerce-driven company, overpriced shipping could send profit margins plummeting. Take a t-shirt company, for example. The price...

Planning for the next quarter can be an intimidating task. If you're not familiar with finances, you can easily get lost in the assortment of information available on the subject. If you're feeling the pressure as the next quarter approaches, here are some unique...

As an entrepreneur, you’re driven and will do whatever it takes to meet your goals. However, knowing how to meet the short objectives along the way will help immensely. If you’re unfamiliar with how income statements work, here is a quick break down. Start with the...

Being an Entrepreneur is a lot like being a pilot. Getting off the ground can be difficult at first, but once you’re in the air, all you want to do so soar higher and higher. To do so, however, requires the discipline to pay attention to little things like office...

When first starting out, business finance can be difficult to conceptualize or map out for the budding entrepreneur. Here are some of the ways modern technology can alleviate those financial headaches. Accounting Software There are a plethora of accounting tools on...

As a small-business owner, your profits may keep the lights on during the day, but the expenses surely keep you up at night. Here are a couple of ways you can cut costs and increase your profit margins so you can sleep a little more soundly at night.  Reduce Your...

In years past, many small businesses had very simple systems for managing their payroll, including paper records or simple excel spreadsheets. But technology has changed drastically in the years since the internet, and modern small businesses have many tools available...

No matter how big your business is, you have more important things to worry about than payroll and taxes. For most entrepreneurs, there simply aren’t enough hours in the day to complete all the tasks we’ve assigned ourselves. That’s why it’s so important to reach out...

Credit scores impact some of the most important moments in our lives. Buying a house, applying for a job, and improving your small business all rely on having a good credit score. Conversely, if your credit is lackluster, all these moments become far more difficult to...

Toss the notebooks and calculators aside: Your company’s payment methods have never been easier. By outsourcing your payment services to online programs, you will be joining the ranks of countless successful business owners who realized the senselessness of doing it...

Naturally, the right amount of capital is one of the keys to a successful small business. If you don’t have enough, you’ll be cutting corners that will lead to decreases in quality and trust from potential partners or clientele. Cash flowing the business can feel like...

If you are an entrepreneur, it goes without saying that you must take care of many things associated with your business. Not only do you need to maintain a good relationship with your clients, you also need to allocate and manage different tasks for your employees,...

Where there’s money, there’s growth; this is just one of the standard facts of the business world. If you want your business to grow in 2019, you’ll have to find the best way to finance it, keeping in mind where you want to see yourself at the end of the year. With an...

Keeping an ever-watchful eye on your expenditures takes the guesswork out of running a successful venture. As any experienced entrepreneur will tell you, growth and money go hand in hand. Sometimes it’s not so much about making boundless profits as it is about...