Image via Wikipedia Many prospective small business owners may be reluctant to go out on their own because they don't want to give up the health insurance they have through their current employers. The cost of health insurance can be a big hindrance to joining the ranks of the self-employed. If you are leaving your current job to work for yourself full-time, it is advisable to take advantage of COBRA. COBRA is a program that permits you to pay the full cost of your health insurance plan and keep the insurance for yourself and your family for a period of up to 18 months. This … [Read more...]
Financial Planning for Small Business
Financial planning for small businesses is imperative to ensure longevity and a prosperous future. For many businesses, especially small business, they are incredibly susceptible to economic down turns, therefore it is important to have some security and planning that had been completed in order to guard against such instances. Sound Planning Goes A Long Way Image via Wikipedia Some of the plans that businesses can make include investments, saving reserves, and having a plan B for cutback if necessary. Understanding and comprehending all of the business costs will provide a … [Read more...]
A Great Time to Invest
A penny saved is a penny earned, or so the old adage goes. That isn't really the case though, nor has it ever been. You'd be hard-pressed to find a savings account with 100% returns that wasn't part of some sort of Ponzi scheme. And with interest rates as low as they are these days, even a lengthy certificate of deposit (CD) isn't bound to yield decent returns. You may be better off buying jewelry that might actually accrue value in the years to come in the event that worldwide currencies continue to weaken. Image via Wikipedia So what can you do with your money that might be … [Read more...]
Hiring a Well-Qualified Accountant for Your Business
Many businesses could benefit from hiring an accountant to handle their finances. Hiring an accountant allows businesses to manage many of the financial aspects that come with running a business, such as handling payroll, filing taxes, and tracking accounts receivable. If you are considering hiring an accountant there are certain questions and items you should consider before making your decision. Here's a look at what you should ask your accountant before hiring them to handle your business's finances. The Duties of an Accountant The tasks and duties that an accountant does can vary … [Read more...]
Getting the Right Account Working for You
Regardless of credit, there are many accounts that can be obtained to save money or for everyday transactions. In the end it’s all about getting the right account to fit your lifestyle. Many people get some form of a current account every day to make their money work. For students in college a student current account are best for them. This will begin to teach the young adult savings and balancing. They are also convenient due to the very low overdraft fees that can occur and offer free incentives like certificates for shopping when maintaining a good account. People that like to see … [Read more...]
A Business Opening Idea
After months of hard word you are finally ready to open up your business to the public. The next logical step would be to have a grand opening to let the world know you exist. Before you do, here is a thought to keep in mind. You might want to go the route of a soft opening. Many businesses do this to make sure that their businesses are running smooth before they celebrate an official opening. Usually, you would invite family and friends to the event and keep it intimate. Later when you want to go for a formal opening this will build anticipation for those who have been to the first … [Read more...]