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Strapped for Cash? 11 Tips to Get You Out of the Red

by / ⠀Entrepreneurship Personal Finance Startup Advice / November 8, 2014

What is one thing I should do right away if my business is suddenly strapped for cash? The following answers are provided by Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most promising young entrepreneurs. In partnership with Citi, YEC recently launched StartupCollective, a free virtual mentorship program that helps millions of entrepreneurs start and grow businesses. 1. Review Your Billing Statements If you are suddenly short on cash, I would recommend…

5 Ways to Save Money You Don’t Realize You’re Spending

by / ⠀Personal Finance / January 27, 2014

We all spend money.  There are basic life necessities and discretionary items we buy on a regular basis.  Because spending money is as easy as swiping a credit card, it becomes even easier to spend unconsciously.  Some of our financial commitments are auto debited, so we don’t even actively pay the bill on a monthly basis.  Check out these five ways to save money on expenses you may…

Don’t Let Student Debt Control Your Life: Smart Ways to Budget

by / ⠀Entrepreneurship / January 15, 2014

Student loans are tough. You’ve just graduated college, you’ve (hopefully) found your dream job, and now that the typical 6-month grace period is over, it’s time to start repaying your student loans.  2013’s graduates are looking at leaving college with debt averaging $29,400. That can be hard to manage. As a recent grad working in NYC, I’ve been there. I know how hard it is to balance loan…

Out-of-the-Box Ways to Genuinely Save Money and Get Your Business Going

by / ⠀Funding Startup Advice / October 3, 2012

Starting a new business is never easy. After all, there are plenty of statistics that define how often new business ventures fail. However, when you look at why failure occurs, it becomes rather obvious that a lot of it has to do with lacking capital and financing. In essence, a lot of businesses fail simply because they can’t get off the ground. A lot of businesses fail because…

6 Little Ways to Save Big Money in Your Daily Life

by / ⠀Startup Advice / August 18, 2011

My name is Danny Kofke and I am currently a special education teacher in Georgia. I am also the author of the book “How To Survive (and perhaps thrive) On A Teacher’s Salary.” In addition, I have another personal finance book – “A Simple Book of Financial Wisdom: Teach Yourself (and your kids) How To Live Wealthy with Little Money” – scheduled for release this fall. My wife,…

10 Ways Your Small Business Can Save Money

by / ⠀Startup Advice / March 21, 2011

Many Under 30 CEO readers are looking to start something big (a company that can scale) with limited resources (money).  We’ve been there.  We started Audio Transcription on a shoestring budget and we learned a lot in the process.  There are the intangible learnings (e.g. that finding, spending and saving early-stage money is all just another obstacle in the path to startup success) and the tangible (the specifics…

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