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3 Smart Money Moves to Make Before Starting a Business

Success

Unsurprisingly, finances are at the top of the planning list. Once you do the prep work and assess your current cash flow and resources, determine whether you can or should finance the business yourself or will need outside capital. Plan for your personal finances. So, where to start? Do your prep work.

Finance 345
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Tips and Resources to Scale Your Small Business

Success

When Logan Shinholser, owner and CEO of the Contractor Growth Network in Charlotte, North Carolina, graduated from college in 2014, he started providing marketing services for his father’s pond construction, repair and cleaning business in Maryland. You need to know what your costs will be and whether your business is scalable.”

Finance 290
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5 Warnings Signs That You’re About To Be Fired

Allwork

If you notice significant drops in revenue, profit warnings, or rounds of cost-cutting measures, it might be time to brace yourself. Budget Cuts and Spending Freezes When a company begins implementing strict budget cuts or freezing new hires, it’s often a precursor to broader cost-saving strategies, including layoffs.

Gossip 290
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3 Steps to Take Before Going Into Business for Yourself

Success

However, building up finances for self-employed individuals can be difficult, as it can take a while to get your business up and running. These include unavoidable costs such as housing, food, transportation and insurance. However, if you want to start a brick-and-mortar store, plan on that being much more cost-intensive.

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Face the Spreadsheets: Lisa Gilmore on Learning to Love the Financial Side of Her Creative Business

Success

But behind the scenes, she’d dropped the ball with her finances. . Now I look forward to doing business and finances, which is crazy!” When all the things that usually kept her busy—meetings, networking events, spin classes—were shut down, Lisa struggled to even know what to do. Face your finances head-on.

Learning 279
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Impending Recession Or Not, Use These Professional Tips To Prepare For Financial Turbulence

Allwork

Unemployment Rises: As businesses experience lower demand for goods and services, they may reduce their workforce to cut costs. Social Impact: The human cost of a recession can be significant, affecting mental health, increasing poverty rates, and causing housing and food insecurity for many individuals.

Expenses 299
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Behavioral Finance Lessons for Entrepreneurs

Small Business Labs

  The academic fields of behavioral finance and behavioral economics have changed this by including social, psychological and emotional factors in the analysis of economic and financial issues.  This is part of a broader - and very interesting - special section on behavioral finance. Finance trends'

Finance 100