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Find Your Ideal Job and Build Your Dream Business

Following is a guest post by Kedma Ough, the author of “Target Funding: A Proven System to Get the Money and Resources You Need to Start or Grow Your Business“. If you’d like to contribute a guest post like this one about your ideal job versus entrepreneurship to Money Q&A, be sure to check out our guest posting guidelines. Is it possible to have your cake and eat it too? If there was a way to find your ideal job and build your dream business, would you consider both? Most people see this dichotomy and feel that they need to choose one dream over the other. The reality is that you can have both dreams so long as each doesn’t … Read more

How to Run a Household Like a Business and Maintaining a Budget

by Hank Coleman

When you assume the responsibility of running a household, you also must take an accounting of the costs it takes to make a house a home. In effect, how to run a household can be likened to running a business if you want your home life to be successful. That is why budgeting is so important in maintaining your home for you and your family. For example, just like a business, you should take an inventory of all those items you have on hand in your home for insurance and financial purposes. How to Run a Household Like a Business The Importance of Documents and Record Keeping Just like a business too, you should also keep an inventory and take an … Read more

5 Ways Small Business Owners Plan Intelligently for Retirement

by Hank Coleman

Managing revenue, expenses, and taxes for a small business can be complicated enough, but what about saving for your own retirement, too? Unless you have a sizable pension from a spouse or an inheritance coming in your future, you need to make sure you’re saving as much as possible for retirement. We all need a plan for retirement. But, this is especially true for small business owners, as they lack employer-sponsored retirement plans. Of course, being a small business owner without easy access to an employer-provided 401(k) plan can be frustrating. But, there are other, comparable ways to save for retirement beyond the traditional or Roth IRA options. To ensure you meet your retirement savings goals, here’s everything you need … Read more

How Businesses Should Budget for Workplace Safety

by Guest Contributor

Few business owners would say they don’t care about safety. Most people want their employees to work without risk of injury or illness. A verbal commitment to safety isn’t enough to create a safe working environment, however. The workplace continues to pose danger to people in many occupations, including construction and logging. In fact, 5,190 American workers died on the job in 2016 alone. These numbers should concern workers and business owners alike. In order to create a safe working environment for employees, business owners need to invest in training and equipment. Let’s consider why and how businesses should incorporate workplace safety into their budgets. Investing in Safety Saves Money and Lives Workplace safety is essential to every part of … Read more

Retirement Planning for Home Business Owners – How to Save for Retirement

by Hank Coleman

Most know that Americans, particularly younger people from the Millennial Generation, are not saving enough for retirement these days, but another surprising group that isn’t saving is home business owners, according to CNBC. Without an employer-backed 401k or pension plan, home business owners are at a unique disadvantage when it comes to saving for retirement. Whereas you can currently contribute up to $18,000 annually to a 401k, with some employers offering a 3% to 6% match, IRAs are limited to $5,500 annually, or $6,500 if you’re 50 or older. However, it’s never too late to start saving for retirement. Even if you love your business, you’ll likely want to step aside in the future. After all, you’ll want to pursue … Read more

How to Save Money in Your Small Business

by Guest Contributor

As a small business owner, you have to be mindful of your expenses if you want your young business to grow. Misuse of capital is one of the main reasons why small businesses fail. How to Save Money in Your Small Business Here are some creative ways that will allow you to save money: Volunteer to Speak at Community Events If you think that you are an expert at what you do, you should take every opportunity to share your knowledge with others. One of the best ways you can do this is by volunteering to speak during community events. When you do this, your business will gain free exposure in personal and business circles. Use Contractors and Freelancers Employing … Read more