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Startup Advice

Passive Income Ideas for Small Business Owners

by / ⠀Startup Advice / May 20, 2021

Passive income offers investors a way to make money without putting in a lot of work. Creating a couple of passive-income pipelines can help small business owners ensure that their company survives difficult times. Many people confuse passive income with get-rich-quick schemes, but almost every passive income source will require some investment up front. Your investment might be time, skilled labor, artistic endeavor, money, or some combination of…

9 Reasons to Switch to a Digital Bank

by / ⠀Personal Finance Startup Advice / May 19, 2021

If you’re a CEO or business owner trying to manage your company’s financial situation, consider digital banking. Switching to a digital bank may prove beneficial when compared to dealing with a brick-and-mortar institution. Small business owners in particular understand how time-consuming and costly banking can be. Online banking, however, can assist not only you and your employees but also your customers. For many, “digital banking” refers to the…

eCommerce Budgeting Tips for Newer Proprietors

by / ⠀Entrepreneurship Funding Startup Advice / May 11, 2021

eCommerce budgeting is always tricky, but especially so for newer owners and startups. As an entrepreneur, you’ve got a million things to balance and your available money only goes so far. The five tips directly below can guide your thinking as you move forward. You’ll want to avoid common spending traps, maximize your ability to reach people, answer questions, and have enough capital to invest in reliable products…

Starting an Online Store? 5 Things to Consider First.

by / ⠀Entrepreneurship Finding Customers Startup Advice / May 10, 2021

Starting an online store of your own might be something you’ve seriously considered. If there’s one thing businesses can learn from the past year, it’s that the future of sales is digital. This fact is made more evident by the accelerated industrial digitization during the pandemic, revolutionizing legacy industries and causing a drastic shift in consumer behavior. According to a survey conducted by UNCTAD, online shopping increased by…

Protect Company Finances in 3 Common Categories

by / ⠀Funding Startup Advice / May 10, 2021

Many entrepreneurs would rather focus on new ideas and innovations than spend much time thinking about how to protect company finances. Dreaming up new products and services tends to be more fun and exciting than reviewing invoices, legal documents, and security protocols. However, if you’re serious about maintaining a solid platform for your current and future projects, consistent and adequate attention must be paid. It’s imperative you go…

Small Business Debt Management: 7 Effective Strategies

by / ⠀Entrepreneurship Startup Advice / May 7, 2021

No matter what type of business you’re in, the effective management of your finances is going to come into play. Skillfully managing your business finances is very often the catalyst that drives success in the increasingly complex world of business. Many entrepreneurs prefer to focus on developing their unique niche, but someone has to do a great job of balancing the books. This is especially true when the…

Starting a Liquidation Business That’s Successful and Profitable

by / ⠀Entrepreneurship Startup Advice / April 29, 2021

If you hope to be your own boss someday, starting a liquidation business is one attractive, realistic option. You already know that shifting from the comfort of a steady salary into the unknown will be challenging and difficult at times. Still, you might feel that you are ready for a change. You want to be in charge of your future, have more control over how your workdays go,…

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