Do you have your date of birth on your Facebook page? You could be making it easier for a fraudster to steal your identity and your tax refund. Now the only other thing they need is your social security number, which can be bought from the right people. The IRS should be able to protect us, they have our W2s electronically filed. The tax season has been delayed for the past several years. Why don’t they
In these economic times, many people have lost high paying jobs and are turning to entrepreneurship to replace that salary. As that happens, you have people who have a skill or talent, but may not know the ins and outs of managing the financial outcome of a business. Too many entrepreneurs today are heard saying “I’m working for free!” You wouldn’t work for some other company for free, so why work for your own company for free? If you work for free in the beginning, it makes it harder to work for pay later. Let’s talk about how to avoid this. The topics that I think help you avoid working for free are pricing, expenses, break-even point and profit. If you don’t know what these are, you can’t possibly make sound financial decisions.
Pricing is sometimes the last thing a business … Read More »
Why not use your bank for credit card-processing services? What you are paying for that convenience, versus shopping around, might surprise you. Those fees are explained thoroughly in this article from Forbes, as well as some extra perks you might not have considered asking for in your negotiation. I hope you enjoy it!
When Yvonne Chu launched Kimera, her Brooklyn, N.Y.-based dress retailer, five years ago, setting up a system to accept her customers’ credit cards was an afterthought. Already armed with a small business card from Capital One, she figured why not use the bank’s credit card-processing services, too? “I needed it in a hurry,” says Chu.
It took a few years, but Chu eventually realized she was leaving real money on the table…..
Read more: http://www.forbes.com/2007/02/20/visa-americanexpress-globalpayment-ent-fin-cx_mf_0220creditcard.html
I found a good article in Entrepreneur Magazine about some of the common money-related mistakes that young entrepreneurs make in business. I hope you enjoy it!
A Common Personal Finance Mistake New ‘Treps Make
Starting a business affects your life in many ways outside of work, in particular the way you manage your personal finances. One of the biggest mistakes new entrepreneurs make is not keeping their personal and business finances separate.
“They move money back and forth and it is very important to keep their records separate,” says Edward Wacks, a business financial advisor based in Plantation, Fla. This commingling of finances, Wacks says, can have some damaging implications for your business down the road…
Read more: http://www.entrepreneur.com/blog/223856#ixzz2XqcpnW7k
We all know this to be a fact: marketing is the key component of any successful business. We also know that marketing can cost a lot of time, and a lot of money, if you’re not careful. So, as a company that’s concerned with your bottom line, we came up with a few low/no cost marketing ideas:
Networking—Networking is still one of the most effective forms of marketing, and it is one of the best ways to connect with others for no, or near-no, cost. Social networks like Twitter and Facebook are free, and you can build a network of followers in a relatively short time. Attending onsite networking events like chamber events, or other independent group events, doesn’t have to be pricey either. And try networking at trade shows/expos…you can still pass out cards if you don’t have a booth!
Run … Read More »