Finance

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...

After the sweeping changes to business tax law passed in 2018, many small businesses are still adjusting to the whiplash and figuring out how to leverage the changes to their advantage in 2020. Tax season is just around the corner, so here’s a quick primer on what...

Going green isn’t just good for the environment, it's good for your tax bill, too. The government incentivizes businesses to go green through both tax credits — direct, dollar for dollar tax relief — and tax deductions, which don’t come into play after your gross...

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...

Proactively gauging how well you’re handling your company’s finances will help in the prevention of costly errors. Finance is the alpha and omega of any business: No matter how pure your intentions are for your venture, none of the good you do would be possible...

Creating a budget for your business can be one of the most frustrating and frightening aspects about starting a new business. Not only are you putting part of your personal budget toward your business; the business requires a completely separate budget of its own -...

The end of the year can be an overwhelming time for anyone, and that is especially true for business owners. When you’re trying to wrap up the year successfully, it can feel nearly impossible to enjoy the holidays. With everything on your to-do list, worrying about...

I’ve mentioned in several of my articles about all the perks that come with freelancing - the opportunities to work from any place you’d like, work on your own timetable and accept or reject work as you please. That being said, all those perks can come at...

An aspiring musician who has struggled with his finances and health has finally found his footing -- see how he did it. https://www.youtube.com/watch?v=3GD5hRxGhM0 On this episode of Resilience, Entrepreneur Network partner Jason Saltzman sits down with Michael Nova,...

Over the past several years federal legislators have added a large number of regulations that apply to small businesses. There are more regulations placed on small businesses today than ever before. The increase of regulations placed on businesses can hurt the...

afeUSA advocates amplified the voice of small businesses and communicated your need for affordable funding to the Federal level by writing Representative Steve Chabot and Representative Nydia Velázquez, chair and ranking member of the House Committee on Small...