Taxation is an important part of any functioning democracy. We rely on tax dollars to pay for public services such as public schools and public transport, and the tax system also provides the revenue to fund many types of public assistance such as social security and unemployment benefits. When taxes are high, people complain that… Continue reading What is the Effective Tax Rate?
Author: Omar Smith
3 Ways That Banks Help Businesses
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Financial Management Tips for Entrepreneurs
Undoubtedly, running a successful enterprise calls for expertise and strategy. While there might be several key competencies needed to make your business successful, financial management is vital, be that through financial management software or different means. Being an entrepreneur, albeit not very successful, I learned my lessons the hard way. I have always thought of… Continue reading Financial Management Tips for Entrepreneurs
4 Reasons Why an LLC is Right for Your Business
Forming a limited liability company or LLC can have many benefits for a wide range of businesses. There is a whole host of positives to forming your organization under this umbrella so understanding how different corporate structures could affect how your company operates. Today I will be covering an LLC. I am going to give… Continue reading 4 Reasons Why an LLC is Right for Your Business
Reasons Why Your Business Has Stopped Growing
Many small-business owners are essentially in the process of launching a startup, it is an exciting time for them. They are currently bootstrapped, hustling for every penny of revenue and trying to unlock the secrets to consistent growth. The harsh reality is that many startup’s plateaux. Therefore, I am going to give you some reasons… Continue reading Reasons Why Your Business Has Stopped Growing
Entrepreneurship is a Spectrum: Find out Where You Are
The world of entrepreneurship is often portrayed as very black and white – either you give up everything to grow a billion-dollar tech startup, or you’re not truly an entrepreneur. But I believe there is a much more balanced approach. Entrepreneurship comes in many forms and accommodates various lifestyles. For example, some build businesses around… Continue reading Entrepreneurship is a Spectrum: Find out Where You Are
4 Signs That It Is Time for Your Business to Grow
If you are a typical business owner, you have invested countless hours into your business. You might even be at the point where you feel like you can relax and enjoy all you have worked hard to create. Thinking that your business might be ready to grow could be floating around your head, and I… Continue reading 4 Signs That It Is Time for Your Business to Grow
Is Your Business Idea Ready to Get Funded?
The business idea stage is often the most exciting time for any entrepreneur because the possibilities can be endless. After a lot of thought, you have settled on one idea that you think will be a fantastic business idea. The question is, is your business idea ready to get funded? I am going to share… Continue reading Is Your Business Idea Ready to Get Funded?
Top Ways That You Can Keep Up with Your Business Finances
Money is the lifeblood of any business; therefore, managing it is so important. Managing finances can be difficult for any business, especially if you don’t know what works and what doesn’t. As such, many business owners may decide to go down the route of hiring a financial advisor to help with their financial needs or… Continue reading Top Ways That You Can Keep Up with Your Business Finances