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...]

Understanding Your Small Business Insurance Needs with 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 is open to the public. I always assumed there was no … [Read more...]

How to Make Money from Home with a Bookkeeping Business

  If you’re good at organizing financial information for business owners, 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 … [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...]

7 Things to Do Before You Quit Your Day Job

  This post is brought to you by Bestow. While this is a sponsored post, all content and opinions expressed here are my own. Is it your ultimate dream to quit the rat race and open up a small business? Maybe you have a side hustle already and you're thinking it's time to make the leap to do that full-time? Not only would you get to be your own boss and set your own hours, but you could also build something meaningful … [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. Wondering how to start a business with no money? Do you think you need small business funding 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). Don't think for a second that you have to possess a lot of cash to … [Read more...]

How to Find the Most Profitable Service-Based Small Business for YOU (+8 Ideas to Get Started)

The success of a business depends largely on its owner. The owner's strengths and weaknesses will translate into the business. Finding a successful business means finding a successful business for you. Something that uses your strengths and minimizes your weaknesses. No single business is right for everyone. But I strongly believe that anyone who wants to own their own business can find a business where they can thrive. You can jump right to our business ideas … [Read more...]

Introducing Vidzuno, aka How to Start a Video Production Company

I recently started a third business: FinVid, LLC (doing business as Vidzuno). We’re calling it a "video production company" with a mission to "help influencers and brands create amazing video." It’s admittedly broad in scope. We’re hoping to refine that this year. Today I thought I’d share my motivation for this new company and walk you through the steps I took to get it up and running. This company--and how I think about … [Read more...]

038: Unemployed to Self-Employed with LaTisha Styles

LaTisha "Tish" Styles is a nationally recognized millennial personal finance expert and digital marketing professional. She is the founder of Young Finances and President of Financial Success Media, LLC. In this episode, LaTisha and I discuss her #1 money tip, her story with money, and her inspiring entrepreneurial journey. So let’s dig in. Let’s meet today’s Master of Money. Listen to the Episode with LaTisha Listen to it on iTunes. Stream by clicking … [Read more...]