There isn’t a way to invest in Bitcoin the way you would invest in the stock of a company. But depending on the long-term plan for your newfound cryptocurrency, buying Bitcoin and monitoring its value can technically make you an investor of sorts. By attempting to buy bitcoin at the lowest price and sell at a higher rate, you could make money off your purchase like…
10 ways you should invest your company’s first profits
You may have heard of the tradition of saving your first dollar from your first sale. Mom and pop stores have them framed near cash registers or tucked lovingly into office drawers. It serves as a symbol for the toil and joy of building a business.
So you’ve earned your first dollar(s), and now you’re wondering…
7 tasks you do every day that waste time and cost your business money
No business is 100 percent productive all day, every day. On-site employees will stand by the coffeepot in the morning, discussing last night’s game at length. Remote workers will take a few minutes to let the dog out or have a conversation with a neighbor, who stopped by. Both types of employees will occasionally take long lunch breaks, and check their personal social…
4 Practical Tips to Get the Best Commercial Auto Insurance Coverage for Your Business
The road can be a dangerous and unpredictable place. And for businesses whose operations rely on driving and transportation, poor road and weather conditions are unavoidable realities that they just have to accept.
But if you add reckless drivers and a culture that is more than just a little litigious in the...
Become a productivity monster by eliminating these 5 time-wasting habits
The amount of time we have available every day is limited. Not every entrepreneur can put in 18-hour days — personal obligations and family life take up time, making it important that we maximize the time we do have allocated for business.
Here are five time-wasting habits that many entrepreneurs are…
4 reasons why it’s time to hire an accountant for your small business
According to the 2019 Onpay Small Business Finance and HR Report, just 30 percent of small business owners work with accountants. That’s not surprising, given how much each dollar counts to a small company.
Doing the accounting yourself certainly saves some money in the short term. That said, it might be worth hiring an outside accountant for your company…
How much cash do you need for your business’s safety net?
In any business, liquidity is important. You need enough cash to pay your obligations. That is, over time the amount of cash that flows into your business must be greater than or equal to the amount of cash that flows out of your business.
You can endure negative cash flow in the short term by dipping…