Tag Archives: Owners

10 Steps to Start an IRA for Small Business Owners and the Self-Employed

An Individual Retirement Account (IRA) is a savings account, which is designed to help individuals save for their retirement. IRAs are popular as they enable an individual to save for retirement with tax-free growth or on a tax-deferred basis. There are two different types of IRAs — Traditional and Roth IRAs. The principle difference between the two is that traditional IRAs ... Read More »

4 in 5 Microbusinesses Use the Owner’s Personal Funding to Grow

Securing a business loan is often a challenge for many businesses. But, for small businesses, it is even tougher than for larger firms finding loans. 2017 Small Business Credit Survey According to a report based on findings from the 2016 Small Business Credit Survey released by the Cleveland and Richmond Federal Reserve Banks, microbusinesses are less likely than larger employers to be approved ... Read More »

Most Small Business Owners Have Negative View of Mobile Banking

Small businesses are generally early adopters of technology, but a new survey conducted by RateWatch on the subject of mobile banking says otherwise. According to the survey, which was conducted in the third quarter of 2016, the perception of 69 percent of the respondents regarding this technology was not positive. Another data point in the survey corroborates this fact, as ... Read More »

27 Percent of Small Business Owners Use Same Bank Account for Business and Personal (Infographic)

Managing finances is a key priority for small businesses. Yet many business owners make financial mistakesthat may cost them dearly. For example, a new study has revealed 27 percent of small business owners use the same checking account for personal and business finances. Downsides of Using the Same Bank Account for Business and Personal While it may seem easier to consolidate all ... Read More »

25 Employee Appreciation Ideas Perfect for Small Business Owners

According to data compiled by Socialcast, 85 percent of workers like having their efforts recognized at work. But more than half feel like they’re not receiving enough recognition. Employee Appreciation Ideas If you have a team working for your small business, recognizing the efforts of your employees can go a long way toward making them happy at work and reducing turnover. Here ... Read More »

Work Burnout Poses Problem for Small Business Owners, Per Xero Survey

As a small business owner, you may have suffered work burnout. At the very least, you’ve seen the effects of burnout on your team or others in the workplace. According to a new Xero survey released today, you’re not alone. The majority of small businesses (77 percent) feel the effects of burnout at work — at least some of the ... Read More »

27 Percent of Small Business Owners Use Same Bank Account for Business and Personal (Infographic)

Managing finances is a key priority for small businesses. Yet many business owners make financial mistakesthat may cost them dearly. For example, a new study has revealed 27 percent of small business owners use the same checking account for personal and business finances. Downsides of Using the Same Bank Account for Business and Personal While it may seem easier to consolidate all ... Read More »

Most Small Business Owners Have Negative View of Mobile Banking

Small businesses are generally early adopters of technology, but a new survey conducted by RateWatch on the subject of mobile banking says otherwise. According to the survey, which was conducted in the third quarter of 2016, the perception of 69 percent of the respondents regarding this technology was not positive. Another data point in the survey corroborates this fact, as ... Read More »

27 Percent of Small Business Owners Use Same Bank Account for Business and Personal (Infographic)

Managing finances is a key priority for small businesses. Yet many business owners make financial mistakes that may cost them dearly. For example, a new study has revealed 27 percent of small business owners use the same checking account for personal and business finances. Downsides of Using the Same Bank Account for Business and Personal While it may seem easier ... Read More »

Fun Publicity Ideas for Food Cart Owners

Owning a food truck is a more affordable alternative to running a standard restaurant. With your own restaurant, you’re responsible for overhead and operating costs, including ingredients, insurance, employee wages and utility bills. When you buy a cart, you can set up in downtown locations, in parking lots, at festivals or fairs and in dozens of other places. While you ... Read More »