Small Business Success: Financial Planning for Entrepreneurs
Increase Your Chances for Success by Gaining a Firm Hold on Your Business’ Finances Small businesses represent a crucial pillar of the U.S. economy, as they employ half of the nation’s private-sector workforce and are credited with roughly 63% of the new jobs that have been created from 1995 to 2021, as per federal statistics. Despite their pivotal role in the economy, small businesses often grapple with challenges on their path to success. To illustrate, the U.S. Bureau of Labor Statistics has documented that 20% of small businesses fail during their inaugural year, with merely one-third managing to endure […]
Financial Planning for Business Owners: Managing Cash Flow, Minimizing Taxes & Protecting Assets
What You Need to Know About These Key Considerations As a small business owner, you’re juggling multiple priorities at once. Are you spending enough time on your financial plan? It’s a crucial aspect of managing your business and building long-term success. Effective small business owner financial planning can help you manage cash flow, minimize taxes, and protect your assets, too. In this article, we’ll explore financial planning strategies for small business owners that can help you manage your finances and achieve your business goals.
Retirement Account Options for Entrepreneurs
Are Any of These Six Common Options the Right Retirement Plan for You? If you’re an entrepreneur, you know there are many benefits. You get to be your own boss, make your own hours, and spend your working days on building something you’re passionate about. Of course, you must give up things like structure and job benefits in favor of this freedom and flexibility, and you’ll need to take matters into your own hands when it comes to your retirement plan, too. Luckily, an entrepreneur has many favorable options to choose from. Read on to learn about six of […]