7 Business Ideas that Scale [Plus How to Scale Any Business]

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, courses, and blogs are great examples of scalable … [Read more...]

Our Complete List of COVID-19 News & Resources for Entrepreneurs

In an effort to be the most helpful during this time, I've decided to gather together all of our COVID-19 related guides, news, and popular topics. CARES Act Changes & Updates The Paycheck Protection Program (PPP) – What We Know & Where to Apply How to Get Unemployment Pay if You’re Self-Employed (Including Gig Workers and Freelancers) SBA Loans: Everything You Need to Know (Including Emergency EIDL $10k Grant Info) Expecting a Stimulus Check? Here’s What … [Read more...]

The Paycheck Protection Program (PPP) – What We Know & Where to Apply

If you're like me and you run a small business, you could qualify for the Paycheck Protection Program (PPP). This looks to be a promising opportunity for small business owners and the self-employed to recoup some of the damages inflicted by the economic and social effects of COVID-19 and the subsequent government response. The PPP will allow you to continue to pay yourself, your employees, and possibly your independent … [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...]

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...]

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...]

23 Unique Business Ideas (That You Can Start Today!)

Small businesses are the backbone of America’s economy, no question about it. The numbers speak for themselves: 29 million = Number of small businesses in the US; 500 million = Number of patents filed annually in the US; 50% = Half of the private sector is employed by small businesses. All it takes is one unique business idea (and sometimes a little money in a savings account to get started) and you could be there too. But coming up … [Read more...]

Lower Your Cell Phone Bill: Best Business Cell Phone Plans And Bill Negotiation Services

  As a freelance writer, my "office" is wherever my laptop happens to be open. And my "business phone," is the same phone that I use for personal phone calls and texts, or checking Facebook and Twitter--my cell phone. In my case, I only have my own cell phone bill to worry about. But if you're a small business owner, your employees may rely upon their cell phones just as often as I do mine. In fact, in many service-oriented … [Read more...]

Protect Your Small Business with Insurance from CoverWallet

  I have been working for myself for nearly a decade, but I have only recently started to think of myself as a small business owner. As a freelance writer, I thought I could opt out of many of the expensive aspects of traditional entrepreneurship. I thought I had no need for things like small business insurance. After all, I have no employees and an office that is not open to the public. I always assumed there was no need … [Read more...]

How to Start a Bookkeeping Business and Work From Home

If you’re good at organizing financial information for business owners, you might want to consider starting a bookkeeping business. Bookkeepers build a business’ financial foundation, helping entrepreneurs make decisions about the future success of their business. Good bookkeepers are always in demand since many business owners don’t have the time (or inclination) to run this side of their business. Learning how to start a bookkeeping business could get you on the … [Read more...]

7 Things We Did to Grow Our Small Business from $89,000 to $524,000 in 5 Years (Without Investors or Paid Marketing)

In 2011, my conference business had a total revenue of $89,000 (see my first profit and loss statement here). By 2015, just five years later, the revenue had grown to $524,000. The team and I did this without receiving investment money, without taking a loan, and without spending money on marketing. We've no doubt benefited from an expanding market (more bloggers, podcasters, etc) and a rising economy (affecting our exhibitor … [Read more...]

How to Start a Business with No Money

Want to improve your finances by adding more income to the mix? Start a business. 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 businesses require no up-front funding to begin. … [Read more...]