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Lessons That Everyone Can Learn From Successful Entrepreneurs

Lessons That Everyone Can Learn From Successful Entrepreneurs 1

Successful entrepreneurs can sometimes seem larger than life. But beneath all the lavish paychecks, titanic success stories and endless media fawning, the great businessmen of the world are normal people just like everyone else. Their lives offer lessons that can be applied to countless everyday scenarios. Below are several life lessons we can learn from … Read moreLessons That Everyone Can Learn From Successful Entrepreneurs

Best Retirement Plans for Self Employed and Business Owners

Best Retirement Plans for Self Employed and Business Owners 9

There are a plethora of things that seems to constantly be on the mind of a business owner or self employed individual and quite often retirement planning is not one of them. After all, who can think about retirement planning that affects 40 years down the road when there is next weeks payroll, next month’s … Read moreBest Retirement Plans for Self Employed and Business Owners

5 Ways to Dramatically Improve Your Business Profitability

Many businesses are suffering as this recession prolongs. As a business owner, you may be looking for ways to improve your cash flow and ultimately the profitability of your business. Unfortunately, many people stop short at the income versus expenses equation and never dig deeper — resulting in missed opportunities. In this article, I will … Read more5 Ways to Dramatically Improve Your Business Profitability

How to Set Up a Limited Liability Company (LLC)

I have been thinking about setting up a Limited Liability Company (LLC) for my web business to limit my personal liability risk.  An LLC is an attractive option for incorporating a small business, because it offers the same personal liability protection as a corporation, but the pass-through taxation of a partnership or an S-corporation. For … Read moreHow to Set Up a Limited Liability Company (LLC)

Big Bath Accounting Fraud

Big Bath Accounting Fraud 17

One of the hardest accounting frauds to spot is big bath accounting. When a company is doing really bad and has no chance of meeting earning expectations, unscrupulous management would begin writing-off every expense and asset they could imagine. As a result, future expenses are reduced significantly and naturally earnings increase. In other words, the … Read moreBig Bath Accounting Fraud

How to Create a Successful Home Business

After reading Pinyo’s article entitled 7 key factors to Build successful alternative income streams. It really got me thinking about the various aspects of our personal finances and how appropriate each one is. In the article Pinyo makes an excellent point right at the start in which he comments Do what you love, if you … Read moreHow to Create a Successful Home Business