Successfully start, manage and run a home business
To successfully sell your business, the first step is ensuring that you have all the information needed to present your business in the best possible light and help minimize the risk in the eyes of potential buyers. Learn the documents you need when selling your business.
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As a business owner, it is important to know how to read and understand financial statements. Financial statements are an important source of information that can help you make better decisions in your business. Learn the basic things you need to know about the financial condition of your business.
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One of the major concerns of a business owner is the operational side of the business. A business owner is generally faced with decisions involving the balancing of costs, liabilities, and profits. Learn the do’s and don’ts of cutting down overhead and business costs.
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QuickBooks and Peachtree are the two most popular accounting programs for small businesses. Learn the differences between these two accounting softwares
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A must-read small business book is Ken Boyar’s The Practical Dreamer: Do’s and Don’ts of Mastering a Small Business. Boyar’s book will help you understand how proper financial planning can spell the success of your business.
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Tax preparation season is just around the corner, which means it’s time to get out the books and go over your small business operations as you prepare all those required tax forms. Learn the advantages and disadvantages of hiring a tax professional full time.
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If you’re looking to raise money for your business or projects, one important venue to consider is the growing number of crowd funding websites. Learn how crowd funding works, and how you can use it to raise the capital you need for your project.
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In the ideal world, it would be great to seal every deal with a verbal agreement and handshake alone. Alas, we don’t live in an ideal world and to operate a business without written contracts or agreements can prove costly – if not altogether risky.
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For a new company, it is realistically hard to find an investor that will provide you with the capital that you need to grow. Below are some steps to taken when looking for an investor to finance your startup.
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“Winging it” is the name of the game for many home business entrepreneurs. More often than not, many decide to start a business without preparation or sufficient information or experience. Learn why you need to have a financial plan and the benefits it can give your small or home-based business.
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Isabel Isidro is the co-founder of PowerHomeBiz.com. A mom of three boys, avid vintage postcard collector, frustrated scrapbooker, she also manages Women Home Business, Starting Up Tips and Learning from Big Boys. Follow @powerhomebiz
