Launching a business is tough. In many ways, it’s never been easier because the tools and resources are more accessible than ever. Still, the stats prove that fewer SMEs are successful, with the vast majority of them failing within five to ten years. Ouch. As an entrepreneur, the goal isn’t only to survive – it’s […]
The first few years of any new small business are important to its long-term success, with many lessons to be learned and challenges to overcome. Mismanaged finances and cash flow problems are the primary culprits behind business failures in the early years. Some businesses don’t keep track of their costs, fail to plan or keep […]
Starting up a business is a very exciting time. It can be easy to get swept up with the making the ideas, generating a website and social media presence, creating logos and branding as well as finalizing your product or service. Although, along with those elements it is also important to consider your financial […]
Did you log into your online banking account to find that you have a negative balance on your credit card? Your heart might have dropped for a moment — how could you have accrued this much debt? What does having a negative credit card balance even mean? You can relax: having a negative credit […]
Things might be going well for your business right now, but it’s always important to remember that ‘right now’ won’t be around for all that long. The future is coming whether you like it or not, and when it does, the business conditions and the requirements for success will be different from what they are […]
Now is a great time to launch a home-based business if you’re a senior looking to make some extra money in a post-retirement career. If you’ve never run your own business before, it can be both exciting and intimidating with all the unknowns ahead of you. The good news is that you are not alone, […]
Over the last couple years, investing in cryptocurrencies has become very popular. What’s all the hype about – and is now a good time to get involved? This post explains it all. What is cryptocurrency? Cryptocurrencies are digital currencies. Bitcoin is the most famous example and was the first cryptocurrency to be invented. It was […]
Good financial skills will help you make ends meet and manage your money properly. When you have impeccable financial management skills, life will be much easier for you. How you spend your money greatly affects your debt and credit score. If you find yourself in the vicious circle of living on loans and paycheck […]