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If you’ve just started a small business, then you’ll well know how tight cash can be in the early months. With start-up resources (including tools and materials, business insurance, and human labour) eating up your business loan, you may be questioning the viability of your enterprise in the long-term. But don’t despair prematurely: by instituting the following tips on how to spend less and save money, you’ll be on your way to start-up success. 1.
When I ended my marketing company in 2014, I didn’t know my next career step. I was open to the possibilities of working as an employee for another company, starting a new venture, working with business founders as a freelancer, or doing something completely different in the nonprofit arena. It turns out freelancing would initially choose me. Within a month of closing down the company I had eight projects on my plate from organizational leaders
In 2015, the Wright family of Wilmington, North Carolina, opened a small business, a coffee shop with a staff determined to make a go of it. A full list of specialty coffee drinks and a menu featuring breakfast and lunch items got the new venture off to a good start, but there was much more to the story. Bitty & Beau’s is run by people with intellectual and developmental disabilities (IDD). They’ve since expanded, opening a shop
Tax deductions every sole proprietor should know. While tax law is complicated, the benefit of utilizing tax deductions is simple. The more legitimate deductions you’re able to claim, the less tax you pay. As a sole proprietor, using a majority of their business earnings as income, these are some of the small business deductions you should know: Home Office Deduction Many sole proprietors mistakenly fear that claiming the business use of their home will instantly result in