Each stage of building a business presents unique challenges. Once you finally have money coming in, you need to decide where you’re going to keep it. For most companies from large corporations down to sole proprietorships, a business bank account is essential. But there are a few things you need to know before you can open one…
Should you tap into personal savings to start a business?
Building a business takes money. If you’re starting a brick-and-mortar traditional business, it could take tens of thousands of dollars to get things rolling. If you’re dealing with intensive infrastructure needs, you may need even more — in the realm of hundreds of thousands or millions of dollars. At the other end...
How much should you have in savings at each age?
It’s exciting to have money. But as the saying goes — with great power, comes great responsibility. And in a capitalistic society, money is extremely powerful as it’s how we pay for the goods and services required for everyday life.