When starting a business, you already have tons of questions running through your mind. Even with the accessibility of information, you may still feel overwhelmed. Banking-related questions get asked the most, besides startup costs, business licenses, and choosing a business entity type. […]
Turning A Hobby into A Business Are you ready to take your craft hobby to the next level? Wondering how to start an online craft business? Due to the increasing demand for handmade goods, you’re off to a good start. During the […]
At the time, I wasn’t aware that I was pitching a business opportunity. Long before the business reality show Shark Tank, my capstone course assignment in graduate school was to create a Mock business and present it to peers and a panel […]
Pricing products is the one area of business that many business owners struggle with the most. I can’t tell you how many times I’ve heard craft sellers say, “I don’t want to charge customers too much.” or “I keep prices low so […]
When it comes to business finances, bookkeeping and accounting are at the forefront. Depending upon business size, financial roles are either combined or separated. Bookkeeping is a small but crucial function of the accounting cycle. On the flip side, accounting involves analysis, […]
Cost of Goods Sold (COGS) is a business number that’s overlooked and underestimated most of the time. Knowing all your business numbers is a good thing, but COGS should be in the top 5. Closely watching this number says a lot about […]
Make an extra $500 per month Side business ideas from the classroom Are you a teacher looking to earn supplemental income? It’s time to turn your classroom into a business. Think of your skills and talents as opportunities to start a side […]
Startup capital is important Going into business without startup capital is like a contractor building a house without a foundation. It’s a setup for failure. You can’t expect paying customers if you’re not willing to invest in your own endeavor. Starting a […]
If you treat a business as a hobby, you will make hobby income. If you treat a business as a business, you will position it to be profitable. What differentiates a hobby from a business is that a hobby has little to […]
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