How to supercharge your business cash flow http://ift.tt/2qdIieO In the first few years of a business much time will be spent closely monitoring cash flow The most common problem we hear from small business owners is a lack of ready cash flow, with many admitting that this issue is damaging their business development. Often, this results in business owners having to dig into their own personal finances to keep things afloat, due to the restrictions imposed by traditional lenders. However, there are a few alternatives that business owners can look at when it comes to tackling cash flow, particularly around … Continue reading How to supercharge your business cash flow
Who Needs Goals When You Can Develop New, Good Habits http://ift.tt/2iOAf7P Reader Resource Join Entrepreneur’s The Goal Standard Challenge and make 2017 yours. Learn more » This article originally published on Jan. 9, 2015 The startup world is an endless sea of strategies, goals, objectives and to-do’s that relentlessly grows the deeper you delve into it. Maybe it’s the “entrepreneurial way,” but the grand-slam approach of setting a single, massive goal for the year poses more hardship than ease for the simple fact that too much is oftentimes just that — too much. After all, putting forth an all-out effort towards … Continue reading Who Needs Goals When You Can Develop New, Good Habits
No Brexit effect as UK wages grow at fastest rate since September 2015 http://ift.tt/2iPcrza Wages grew faster than expected at the end of 2016, while unemployment stayed steady as the number of people claiming benefits fell in December, as the UK labour market showed little sign of any short-term Brexit effect. Weekly pay grew by an annual rate of 2.8 per cent including bonuses from September to November. Pay excluding bonuses grew by slightly less, indicating bonus sizes are rising quicker than average wages. However, the increases have not kept pace with recent increases in inflation. Meanwhile the unemployment benefit … Continue reading No Brexit effect as UK wages grow at fastest rate since September 2015
How much money you need to save each day to become a millionaire by age 65 http://ift.tt/2iEUjcI How difficult is it to become a millionaire? It’s probably not as hard as you might think, if you plan ahead. Author of "Smart Couples Finish Rich", David Bach, came up with a chart showing how much money people at different ages should set aside each day in order to save a million dollars at the age of 65. Original reporting by Mike Nudelman, Kathleen Elkins Follow Tech Insider: On Facebook See Also: How Donald Trump used bankruptcy to stay rich How much … Continue reading How much money you need to save each day to become a millionaire by age 65
Entrepreneurship vs. Freelancing: What’s the Difference? http://ift.tt/2gb2fA4 A few years ago, I was watching an interview with Seth Godin, who is one of my heroes of the business world. He was explaining the core differences between entrepreneurship and freelancing. I was getting heated just listening to him. Here’s how Seth explains it: Freelancers get paid for their work. If you’re a freelance copywriter, you get paid when you work. Entrepreneurs use other people’s money to build a business bigger than themselves so that they can get paid when they sleep. Related: Why Millennials Have Their Priorities Screwed Up When I saw this … Continue reading Entrepreneurship vs. Freelancing: What’s the Difference?
5 Things to Have in Place Before Hiring Freelancers http://ift.tt/2bots2f Businesses are increasingly embracing freelancers, realizing the many benefits of using contract workers for their projects. With more than 20 million people expected to leave the workforce to become freelancers in the next five years, businesses will find themselves dealing with a talent shortage. Unfortunately, half of all businesses are still not prepared to bring freelancers onto their teams. Their hiring processes are set in stone, with new employees recruited, chosen and promised an annual salary. “It was quite shocking for us to see how few companies are actually well-equipped to … Continue reading 5 Things to Have in Place Before Hiring Freelancers
Inspiration From 7 Legendary Business Titans http://ift.tt/2dgcJ17 Starting and running your own business can be a risky venture, to say the least. Not only will you be devoting a lot of time and energy to it, but you may also be sinking every cent you have into it with the hopes that everything will turn out right. If you’ve never run a business before, you will probably feel completely out of your element, at least at the start. Once you do get your business underway, and often even before you start, you will most likely get a ton of … Continue reading Inspiration From 7 Legendary Business Titans