Small Business

How to Start a Business with No Money in 2022

Want to improve your finances by adding more income to the mix? Start a business. Here's how to start a business with no money. Maybe you have no money to use for a fledgling business. Do you think you need small business loans to kick things off? BS! Sure, there are some types of businesses where full ownership will be limited if you can't come up with your own capital to fund things (e.g. a franchise). However, plenty of … [Read more...]

Lending Club Tailored Checking Account for Business [2022 Review]

Lending Club isn’t doing peer-to-peer lending anymore, but they are still doing banking. They purchased Radius Bank and have rebranded all of their products. Today we will review their business checking account, the Lending Club Tailored Checking account for business owners. Lending Club Bank's Tailored Checking Account for small business earns just 0.1% interest plus 1% cash back on purchases made on the debit card. To qualify … [Read more...]

The Best Bill Negotiation Services for Business Owners

Don't want to go through the effort of changing cell phone companies to get a better deal? Still want to save a few bucks? You may want to consider using a bill negotiation service to reduce your business and personal expenses. They'll negotiate your bill for you, saving you hassle and money. Below, we compare a few of the most popular bill negotiation services available today. 1. BillFixers Most bill negotiation services use the same basic business model. … [Read more...]

Best Phone Solutions for Small Business Owners

As a freelancer, my business is run by me. It’s my job to handle customer service as well as accounting, and production, and, and, and... you get it. A small business phone solution can help shoulder some of the work in an automated way, while increasing customer satisfaction and retention. Anything to free up a little space on my plate and keep customers happy is valuable. Whether you’re a one-person show like me, or you have … [Read more...]

My Medi-Share Review 2022 | 8 Years of Healthcare Sharing

I've been with Medi-Share for eight years. This is my review of the Christian healthcare sharing program, updated for 2022. I'm currently paying ~$350 per month to cover my family of five. Prior to joining this healthcare expense-sharing community, I was paying a staggering $1,100/month for a health insurance plan through Humana! This is a monthly savings of around $750 per month. That's more than $70,000 in savings over eight … [Read more...]

Best CRMs For Entrepreneurs & Side Hustlers

There’s nothing like the excitement of landing your first client when you start a new business. Once you move from the planning and promoting stages of your venture to actually communicating with clients or customers regularly, you’ll need some tools to keep you on track. Enter CRM platforms. Short for Customer Relationship Management, CRM apps and software help you to stay on top of interactions with clients and potential customers, ultimately building a … [Read more...]

The Best Accounting Software for Small Business (2022)

  A few years ago, I took over as financial secretary for my local synagogue, and I had my first taste of using accounting software. It didn’t go well. Our synagogue was stuck with an outdated program that ran slowly on my laptop and caused me any number of headaches. Without a background in accounting, I found the user experience of the old program to be counterintuitive and difficult to learn. I made many mistakes during my … [Read more...]

7 Scalable Business Ideas | Can You Scale Any Business?

Let's look at some scalable business ideas. As a blogger, I stumbled into a business idea that scales pretty efficiently. I can reach thousands of people each day with my words using the power of the Internet and search. When I say "scales" efficiently, here's what I mean: A scalable business can be served up to exponentially more and more people without incurring an exponential number of operating costs. Digital products, … [Read more...]

The Ultimate Guide to Payroll for Small Business Owners

  Has your business grown to the point that it's time to hire help? On one hand, that's great news. But, on the other hand, payroll for small business owners adds another layer of complexity to the act of running your business. Most small business owners don't have a background in HR, accounting, or bookkeeping. So how can you set up a payroll system that keeps you on the good side of the IRS without consuming too much of … [Read more...]

Expecting a Stimulus Check? Here’s What You Need To Know

Fast FAQs About Stimulus Checks (i.e. Economic Impact Payments): Up to $1,200 for individuals or $2,400 for married couples and up to $500 for each qualifying child Based on 2019 or 2018 data, depending on when you file your 2019 return Deposit payments will begin to roll out on April 9th, with checks being issued April 24th Self-employed individuals should look beyond the stimulus payment at other CARES Act benefits [Read more...]

How to Get Unemployment Pay if You’re Self-Employed (Including Gig Workers and Freelancers)

Normally, there’s no unemployment for self-employed individuals. But with the unprecedented impact COVID-19 is having on the economy, the federal government has passed legislation to provide relief for small businesses and independent workers. With its passage, unemployment benefits are now expanded to cover the self-employed and gig workers like Uber drivers, freelancers, and Airbnb hosts. Under the CARES Act, unemployment … [Read more...]

Time Management Tips [And Free Online Tools] For Entrepreneurs

All of us are out there trying to make the most of our time. This is especially true for those of who have a side hustle. How can you balance the increasing demands on your time as a full-time employee with a side hustle? After you try to fit in all of the work tasks in addition to your personal responsibilities, it can feel like there just aren't enough hours in a day.  Luckily, you don't need to spend a dime to stay … [Read more...]

SBA Loans: Everything You Need to Know

Notice: For COVID-19 related SBA loan information, see our coverage of the Paycheck Protection Program (PPP). Or for more coronavirus (COVID-19) SBA resources, skip to the bottom where we discuss the EIDL and SBA Debt Relief Programs. If you need funding for your small business, it's hard to beat SBA loans. They come with favorable terms and may be easier to qualify for than other business loans. But as with any … [Read more...]

How to Form an LLC in 10 Easy Steps

A Limited Liability Company (LLC) is one of the most popular business structures for businesses of all sizes. And that makes sense because there's a lot to love about LLCs. When you form an LLC, your business becomes a formal separate entity, protecting your personal assets in the event of a lawsuit. An LLC can also help you avoid double taxation and increase your business credibility, while requiring less paperwork than … [Read more...]

Self Employed? Here’s Everything You Need to Know About Disability Insurance

According to the Council for Disability Awareness (CDA), "over one in four of today’s 20-year-olds will become disabled before they retire" and the average length of disability is a frighteningly long 31.2 months. These statistics reflect the fact that illness, rather than injury, is the leading cause of long-term absence from work, accounting for 90% of all disability claims. And even the most safety-conscious among us aren't … [Read more...]

Do You Need Insurance For Your Internet Business?

Killer internet business idea: check. Business plan: check. Domain name: check. Customer base: check. Insurance: ch…wait, what? For many internet business owners, internet business insurance is not one of their first (or even fifth) concerns. While no traditional small business owner--with stock to lose, a storefront to maintain, and payroll to meet--would consider operating without insurance, many internet startups do just … [Read more...]

Get the Most from Your 2022 Mileage Tax Deduction

Do you drive for your job or business? Then you might be eligible for a mileage deduction. Here is an easy-to-understand guide to the IRS standard mileage deduction. Happy filing! In 2020, you can deduct 57.5 cents per mile driven for business. If you drive a lot, either for your business or for an employer that doesn't reimburse your expenses, then keeping careful track of your miles will give you the biggest tax deduction. Hurdlr … [Read more...]

Turn Your Passion for Personal Finance into a Business with Financial Coach Academy

  On my birthday this year, after enjoying several tasty beverages with my friends, I made a confession about my career. “I want to do some money coaching,” I told them, “but I don’t know where to start.” Luckily for me, my friend Jo took me seriously, even after we all sobered up. Several weeks after my birthday, she asked if she could hire me. All of a sudden, I was a money coach with a real client. It turns out that … [Read more...]