POST CATEGORY : Entrepreneurs

4 Steps to Prepare Your Personal Finances for Starting a Business

Starting a business is a dream for millions of people, and yet very few actually succeed. Those that put in the planning and effort before launching are those most likely to thrive.

Preparing personal finance for starting a business

It might surprise you, but part of planning for your business success includes some attention to your personal finances. Getting those squared away can have a positive impact on your business.

How Your Personal Finances Affect Your Business

It seems like your personal and your business finances would be two separate things, right? In fact, because your business is new (or nonexistent), many lenders and vendors will look at your personal credit scores to determine your creditworthiness.…

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Why You Need a Side Hustle (4 Reasons)

Tired of wishing you had more money? Do you wish you could make those impulse purchases without feeling so guilty or wondering what you should sacrifice?

Businesswoman working on a side hustle

You need a side hustle. It’s not a second job – you don’t have another boss breathing down your neck or a schedule you hate. With hundreds of side hustle ideas out there, it is a gig you do on your own time, as often as you want. You’re in charge of how much you work and how much you make.

Check out the reasons you should consider a side hustle.

1. Income Potential

Living paycheck-to-paycheck drains your wallet and your energy, especially if you have bills to pay.…

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6 Tips For Setting Up A Successful Shopify Store

The coronavirus pandemic has created a surge in online retailing. If you have ever thought about starting an online business, then there has never been a better time to enter the market. And, with resources like Shopify available to guide you through the process of opening your first online store, you will have all the tools you need to be successful.

Shopify store setup

However, there is still a learning curve when it comes to using Shopify for your online store. Getting through some of the technical and administrative aspects of the process can be challenging, so it helps to have some background on how to sell on Shopify before you start.…

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Planning to Start a Small Online Business? Here’s What You Need to Prepare

Starting a personal business is one of the most common dreams for many people nowadays. Thanks to the internet and the increased popularity of remote working, many are now able to turn this dream into a reality.

Starting a small online business

The perks of being your own boss and calling the shots make all the hard work you will have to put in to set up your business totally worth it. You no longer have to worry about sticking to someone else’s schedule, which means that you can finally have the chance to enjoy what you are doing.

If the idea seems appealing to you, but you need some help to get started, you have come to the right place.…

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What to Consider When Starting a Drive-Thru Coffee Location

You want to join the beverages business, but don’t have enough capital for a brick-and-mortar shop? Starting a drive-thru soda and coffee location is the best way to get in the beverages business.

Drive-thru coffee shop

Just like a sit-down restaurant, it can generate much revenue. However, you need to plan and prepare appropriately, as this is key to the success of the coffee and soda business. You should also learn more about your coffee from resources like ConvergentCoffee. You must have the best location for this business; however, it is irresponsible to lease a location without a plan.

Here we discuss seven tips and considerations that will help you in guiding your aspirations and efforts.…

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Understanding the World of Online Business and How to Conquer It

The digitized age has offered all of us the opportunity to become our own bosses and become financially independent. Online business is vast, and there are many ways you can stake your claim and conquer it.

Online business success

Deciding to take a step toward becoming your own boss and managing your online business is something you will not regret, and you will likely reap the rewards of it for the rest of your life. The world of online business can be unsteady sometimes, and you must remain dedicated and persevering through any hardship. There will be times you want to give up, as with anything, but keep going and keep your head above water.…

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How to Start a Business Out of Thin Air

Beginning your own business venture is as equally exciting as it is daunting. Entrepreneurs come in all shapes and sizes, with some people simply wanting to add a new and interesting kitchen utensil to the list of culinary essentials dwelling in our cupboards, and other people, such as a certain Elon Musk, looking to literally launch a car he built into space as practice before following up with countless satellites with the aim of delivering planet-wide internet access from space.

Elon Musk pop art

photo credit: Pinterest

Some people just like to get up early in the morning and change the world.

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5 Financing Options for Businesses to access Quick Cash

Starting a business right from scratch and getting it off the ground isn’t easy. Many people venture into business but end up closing within their first few years of operation. Many factors have been linked to startup failure, but financing has proved to be the main challenge.

New business financing

Finding enough money to support business functions and cover company expenses has never been easy for startups. This guide explains five of the best financing options you can use to kick start your business if you’re not sure about how to finance your ideas.…

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3 Types of Penny Stocks That Are Worth Trading

The U.S. Securities and Exchange Commission defines a penny stock as any stock that trades below $5 a share. While savvy investors use penny stocks’ low prices to make money, many people are tempted to buy them without doing their research, but this is a mistake.

Trading in stock market

Before investing in penny stocks, take time to learn about the risks involved and the key factors affecting their prices. By doing your research and learning about the types of penny stocks worth trading, it’s entirely possible, though not guaranteed, to get a good return on your investment.

Here are 3 types of penny stocks worth investing in.…

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How to Earn Money from Home

With the world in crisis and more people than ever are stuck at home without jobs, there has never been a better time to pick up a side-hustle. A side hustle is something that you can devote whatever spare time you have to whilst earning money at the same time. Ideally, they are scalable.

Make money online from home

A scalable side hustle is one that will grow as much or as little as you want it to. The more you put in, the more reward. These types of jobs are perfect to grow alongside a regular job. They can also grow to the point where you might be able to do them full time.…

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