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Alternative Savings Vehicles with a Tax Advantage
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SBombeck writes "There are a number of very secure financial instruments that will enable you to defer or eliminate income taxes. By shifting part of your cash reserves to some of these instruments, you can keep more of your money working for you — and turn off the taps that hamper your money’s growth."
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Finance and Capital
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Shopping Smart for Life Insurance - Part 1
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SBombeck writes "How Much is Too Much?
Making decisions regarding life insurance may seem simple enough if you believe what you see and hear in television and radio advertisements. However there are many things to consider and wading through the sales pitches to find truly helpful information can be a bit more challenging. So how do you decide how much coverage is appropriate?
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Finance and Capital
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Taking Care of Business - Estate Planning for the Owner
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SBombeck writes "From: Scott Bombeck
Phone: 610-660-4041
Taking Care of Business
The average cost of probate typically ranges from 4 to 5 percent of the gross estate, and probate can last several months to over a year.¹ With proper estate planning, business owners can avoid the costly probate process while helping to protect their family and their business.
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Finance and Capital
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Weigh In - How do You Make Financial Decisions for Your Business?
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Quiz: Are you ready to raise startup capital?
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SkipShuda writes "Leslie Mitts, Managing Practice Leader at the Wharton SBDC and Lead Advisor for the Wharton Venture Initiation Program, tells us that most entrepreneurs coming through her programs are focused on raising capital, even though there are higher priorities in many of their businesses. Since fresh dollars help drive the business engine, this is a natural entrepreneurial concern.
But are you ready to raise money?
Going to investors before you are really ready can damage your reputation and may actually hinder future funding efforts.
Team and a Dream uses a unique Fundability Diagnostic to help companies assess their strengths in four key areas:
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Finance and Capital
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amichalek writes "Jeff Cornwell of Belmont University blogs about the pitfalls of raising money from friends and family. He says, "Keep business as business, friendships as friendships, and family as family if at all possible." That's sound advice.
I've been fortunate enough to be able to fund my current business through bootstrapping. I consult for a period of time, use some of the profit from that to build my core business to the next level, then go back to consulting when I need/want to.
I'd be interested in hearing how other Unit of 1's have gotten their startup funding. Please take our poll, and chime in with some comments!"
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Finance and Capital
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Why Chaos Equals Poor Cash Flow
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amichalek writes "by Caroline Grimm Jordan
Recently one of my customers told me the chaos swirling through his company was the result of poor cash flow. If only he had more money, his company would run better.
I must respectfully disagree.
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Finance and Capital
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Cash Flow Projections Made Easy
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amichalek writes "Managing cash flow is challenging for most small businesses, but for a Unit of 1, it can be what separates those who are successful from those who have to choose another path. So, I am always on the lookout for tips that can help out the members of Unit of 1.
Today I came across a common-sense article on Inc.com that walks through 4 steps to developing a cash flow projection for a small business. The 4 steps are:
1. The near future almost always looks like the recent past.
2. Consider what is changing.
3. Be conservative.
4. Use the "smell test."
Click to read the full article."
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Finance and Capital
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amichalek writes "by Brett Krkosska
Finding the capital you
need to finance your business can be a confusing and complicated process. Many great ideas
stumble at this stage of business building.
Yet, moving through this stage breathes life into your business - giving it forward
momentum like a roller coaster barreling down the first big hill. Finding money is just a
matter of being informed and choosing the right path for money to enter the business."
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Finance and Capital
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Keep All Eyes on Company Cash Flow
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amichalek writes "As a small-business executive you must deal with three basic financial statements every month: the balance sheet, the income statement and the cash flow statement.
This article in the Philadelphia Business Journal drills down into what each is, and how you should use them."
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Finance and Capital
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: Unit of 1 Article Archive : Amazon eStore
