Simply having a great business idea doesn’t guarantee that you’ll soon be running a successful startup. You’ll need funding, a solid business plan and lots of luck. But, every once in a while, lightning strikes and a good business idea turns into a wildly popular startup. It could happen for you, too…
It can be difficult to teach your children about financial responsibility and the value of good credit. How should you go about it? Is giving an allowance the best way to start? Should they figure it out on their own? There is no right answer. But one thing is clear: It's essential for...
It’s somewhat easy to determine if your company is doing well. You’ll be in the black every month, able to make your payroll and pay all of your monthly bills and expenses. But are there discernible levels or observable distinctions that reliably signify good financial health? Or are there ways to determine…
Transferring a balance from a high-interest credit card to a balance transfer card with an introductory zero percent interest rate can make it easier to pay off your credit card debt. However, just because you apply for a balance transfer card, there’s no guarantee that the transfer itself will go through to the new card. Credit companies may refuse a balance transfer…
As soon as your company’s name becomes listed in a directory like Crunchbase or Pitchbook, don’t be surprised if your email inbox becomes filled with exhortations to apply to an accelerator or incubator. Even if you don’t receive these missives, you will no doubt stumble upon articles about how this or that large company got its start with two or three…
Poor financial health can linger like a stubborn cold that just won’t go away. Plenty of fluids and rest might get someone back in fighting shape, but there’s no single cure that’ll bring someone’s finances back to good standing. However, that doesn’t mean throwing in the towel…
Forget the daily $5 latte as an already timeworn example of less than mindful spending. One financial advisor had a client spending some $3,000 a month on sushi — without realizing it. The advisor convinced his client to track a month’s worth of spending and both of them were surprised…