Category: Small Business Info

7 Great Small-Business Ideas for Kids to Start Making Money – Latest News

by WorkingFromHome | Aug 27, 2021 | Ebay Selling, Small Business Info | 0 |

There’s nothing wrong with giving an allowance to start teaching kids about money and finance. But they can learn even more from earning money in a small business. Although elementary-aged and tween children might seem too young for entrepreneurship, it pays to remember that Mikaila Ulmer of the multimillion-dollar brand Me & the Bees got her start before entering kindergarten. Of course, not every small-business idea is a good fit for a 12-year-old or younger child. Some are too risky to try until high school. Others would put them in contact with strangers far too often. Still others are too complex to manage while growing up and going to school. But a few — like one-third of the beds, chairs, and porridge in the old story — are just right. They’re great business opportunities for kids of all ages who want to explore this side of personal finance. Why Kids…

20 Digital Payment Options for Small Business Transactions – Latest News

by WorkingFromHome | Aug 21, 2021 | Ebay Selling, Small Business Info | 0 |

Now more than ever, it’s vital for businesses to accept digital payments. The question is which method of doing so best fits your company’s needs. Some small businesses end up paying far too much for a processing arrangement because they don’t have enough information about the process, the players, and what’s involved. We’re here to help you avoid that by providing all the up-to-date knowledge you need to make an informed, profitable decision about this central detail of your business finances. What Are Digital Payments? Digital payments are anything that’s not a paper check or cash in the till. They represent moving funds from a customer’s account into your own. Once upon a time, credit card transactions weren’t digital payments. Then point-of-sale machines were invented, and credit and debit cards became digital. When you sign up with a digital payment processor, they collect your banking information and streamline transfers to…

7 Small Business Ideas for Teenagers & Young Entrepreneurs – Latest News

by WorkingFromHome | Aug 20, 2021 | Ebay Selling, Small Business Info | 0 |

Finding ways to earn extra money or save toward college is part of many teens’ experience. It’s a powerful rite of passage on top of helping them understand the value of money and the work that goes into earning it. For most teens, that means getting a job at the local burger joint, in the mall, or with some other local business. That’s a fine way to go about it, but it’s not the only model. Another, arguably better, choice is to encourage your teen to start their own business. They get all the benefits of having a part-time job, plus experience in success skills you don’t learn working for somebody else. Why Teens Should Start a Small Business Like we said, starting a small business helps your teen earn some money, and learn some valuable lessons they won’t get working a job. Beyond that, it carries some other strong…

11 Issues with Buying Rental Property and Becoming a Landlord – Latest News

by WorkingFromHome | Aug 16, 2021 | Ebay Selling, Small Business Info | 0 |

Do you dream of retiring early on rental income? I did, and still do, at least as one source of passive income among many. But before you dial your real estate agent or make an offer on Roofstock, you need to know exactly what you’re getting yourself into. Because being a landlord isn’t the cushy gig that the average cynic assumes. 11 Issues with Becoming a Landlord People love to hate landlords. But beside providing a needed service, landlords put up with more than their share of headaches and hassles. You should fully understand these challenges before committing tens of thousands of dollars toward a down payment and closing costs. 1. Investing Capital The best understood of the challenges involved in being a landlord is that it takes cash to buy investment properties. A lot of cash. According to the Federal Reserve, the median home price in the second quarter…

How to Reduce Labor Costs in Your Business – Latest News

by WorkingFromHome | Aug 13, 2021 | Ebay Selling, Small Business Info | 0 |

Reducing labor costs in your business is a touchy subject because it directly impacts your employees. The subject must be tackled with clear communication, compassion, and consideration. Before jumping straight to cutting staff members, consider other ways you can cut back on labor costs, like reducing turnover, shortening your workweek, and improving workflows. 16 Ways to Reduce Your Small Business’s Labor Costs There are many different ways to reduce your company’s labor costs. As a business owner, it’s up to you to determine how to maintain a healthy profit margin while balancing the needs and expectations of your employees. It’s important to explore your options before making any decisions that will impact your staff members’ employment or compensation. 1. Review Compensation Reviewing compensation doesn’t necessarily mean you need to start reducing staff salaries. Instead, it can mean reevaluating how you compensate your staff in the future. For example, if you…

Loan Stacking – What It Is and Why It’s Dangerous for Your Business – Latest News

by WorkingFromHome | Aug 2, 2021 | Ebay Selling, Small Business Info | 0 |

Companies, especially smaller companies, sometimes stack loans to get the necessary capital to grow. Starting a profitable business can be difficult, and working without outside capital and building your business from the ground up with only your personal savings (called “bootstrapping”) is notoriously difficult. With loan stacking, business owners can apply and be approved for multiple loans within days (sometimes hours), allowing them to draw on funds quickly. It works because the time between approving the loan and delivery of the funds is often much shorter than the time it takes to report the loan to credit-reporting agencies. In theory, loan stacking sounds like a smart strategy for small businesses. But since each loan increases the debt burden on your business — which increases the likelihood of default — loan stacking isn’t all it’s cracked up to be. What Is Loan Stacking? Loan stacking is taking out more than one…

How to Track Your Small-Business Expenses for Tax Deductions – Latest News

by WorkingFromHome | Jul 22, 2021 | Ebay Selling, Small Business Info | 0 |

As a small business or startup, keeping track of your expenses is essential. Come tax time, your business-related purchases qualify as tax deductions, reducing the total amount you owe on your return — but only if you’ve kept a record of them. Thankfully, there are a variety of expense tracking options for you to choose from, whether you’re interested in accounting software or prefer to go the manual route. What is Small-Business Expense Tracking? Small-business expense tracking is how you record and manage any business-related purchases you make, such as: Office supplies Business travel expenses Marketing and advertising costs Software subscriptions Home office furniture Tickets to professional events and conventions During tax season, the IRS considers many of these purchases as write-offs, allowing you to deduct them from your tax return. However, for these items to qualify as tax deductions, you will need to have a record of the purchase…

What Is Equity Crowdfunding – How These Investments Work, Pros & Cons – Latest News

by WorkingFromHome | Jun 30, 2021 | Ebay Selling, Small Business Info | 0 |

Translating an innovative concept into a thriving business is a complicated and unpredictable proposition. For entrepreneurs without the resources to fund a startup out-of-pocket, it’s essential to secure adequate financing — often before the nascent company has any revenues or even a marketable product to speak of. Traditional banks, private equity investors, and even some venture capital firms are often reluctant to fund vulnerable startups with what they perceive as unproven ideas. And although there are numerous nontraditional startup financing options, not all are suitable in all situations. Equity crowdfunding certainly qualifies as “nontraditional,” but it’s often the best option for cash-strapped entrepreneurs who can’t afford to finance their projects by other means. Those who understand the risks of equity crowdfunding stand to reap significant benefits from its use. What Is Equity Crowdfunding? Since the 2012 passage of the JOBS Act, which loosened longstanding federal restrictions on how and from…

How to Deal With Unpaid Invoices From Clients & Avoid Future Problems – Latest News

by WorkingFromHome | Jun 28, 2021 | Ebay Selling, Small Business Info | 0 |

In an ideal freelance world, you’d get paid in full and on time for each invoice you send out. Unfortunately, that’s not always the case. Most of us will come across a past-due or nonpaying client at one point or another during our freelance careers. Learn how to handle payment issues when they arise by understanding what causes them, knowing your options for how to collect them, and developing strategies for preventing them from happening in the future. What Causes Unpaid Invoices Late payments and unpaid invoices understandably cause you a lot of stress. After all, you rely on consistent and predictable cash flow to pay your bills and plan out your finances. When a client misses a payment, it’s not necessarily intentional or malicious. It could be for a variety of reasons. For example, your client may have missed making a payment due to one or more of these…

36 Best Ways to Make Money from Home (Legitimate) – Latest News

by WorkingFromHome | Jun 18, 2021 | Ebay Selling, Small Business Info | 0 |

When the coronavirus pandemic hit, millions of office-based Americans abruptly transitioned to full-time work-from-home arrangements, ostensibly on a temporary basis. But according to a 2020 survey by the Pew Research Center, more than half of those who began working from home during the pandemic actually prefer remote employment. More than three-quarters have adequate workspaces and at-home business technology, according to Pew, and more than half enjoy flexible scheduling that allows them to stop and start work at their discretion. Even before the pandemic, employers were offering ever more flexible work arrangements in a bid to attract younger workers who prefer the freedom to perform their duties from just about anywhere. COVID-19 pushed remote employment into the mainstream, hard. But these days, you don’t even have to have a traditional 9-to-5 job to take advantage of the work-from-home trend. Whether your goal is to build a sustainable passive income stream or…

Top 9 Equity Crowdfunding Sites for Investors & Entrepreneurs – Latest News

by WorkingFromHome | Jun 18, 2021 | Ebay Selling, Small Business Info | 0 |

Equity crowdfunding is one of the most popular nontraditional startup financing options for early-stage businesses because it offers a compelling win-win proposition for investors and founders. Equity crowdfunding platforms like the ones on this list give risk-tolerant investors access to equity offerings that, if the companies making them find success, could dramatically increase in value over time — especially if the raise eventually leads to an initial public offering (IPO). And they provide capital-hungry entrepreneurs with vital backing at a stage when risk-averse banks, private equity firms, and even some venture capital investors are loath to get involved. Some equity crowdfunding portals are better than others, however. The best options for founders and potential investors alike offer a range of deal structures, some with investment minimums that are manageable for everyday investors. Equity Crowdfunding Sites for U.S. Investors and Business Startups These are the best crowdfunding platforms available to U.S.-based…

Retail Arbitrage Guide – Definition & How to Make Money Buying & Selling – Latest News

by WorkingFromHome | Jun 16, 2021 | Ebay Selling, Small Business Info | 0 |

The concept of arbitrage has been around since humans invented the concept of money. It’s best known by the adage “buy low, sell high.” Arbitrage involves buying a good or service for a certain price and then reselling it at a higher price to take advantage of market pricing discrepancies. You might be familiar with the concept of arbitrage when you picture day trading stock brokers or people who flip houses. Or, perhaps you’re familiar with geoarbitrage, which involves taking advantage of your currency by moving to a country where your dollar has more power. While these forms of arbitrage might seem extreme, there’s also a more accessible option: retail arbitrage. If you want to make money by buying and reselling everyday merchandise, learning how to start your own retail arbitrage business is the perfect business model to try. What Is Retail Arbitrage? Retail arbitrage involves buying products and reselling…

Category: Small Business Info

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