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Now that we’re at the end of our 12 money-saving tips, it’s become pretty apparent that as an entrepreneur implementing frugality tactics is crucial. We’ve gone through a bunch ways to help you save time and money — everything from how to maximize deductions and networking hacks to ways to be more productive, along with […]
If you’ve ever worked for someone else, you’re probably familiar with FICA. It’s a tax that funds the Social Security and Medicare programs and is automatically withdrawn from your paycheck. If you’re self-employed, however, things are a little different. When you pay FICA, which is about 15% of your earnings, you’re actually only paying half […]
Early stage entrepreneurs who are focused on growing their business know every last dollar counts. You work hard for your money. That’s why we want to help you find more ways to keep it. Writing off your phone expenses is one of example of how you can do just that. Getting your money back gives […]
The more you learn, the more you earn. Deduct education expenses. Education is vital for every entrepreneur, no matter your age or experience level. It’s true that you’re never too old to go back to school, and there’s a good chance it could cost you next to nothing and provide valuable new skills. There are many […]
Set money saving goals Setting goals and keeping track of expenses sounds so simple, yet many of us come up short in this area. Doing this right could be the difference between ramen profitability and leapfrogging your breakeven point. Keep in mind that what you need to earn to hit your financial goals will be […]
As an entrepreneur, you’re inevitably going to wear many hats. It’s easy to overextend yourself in the name of quality control — like a kid in a candy store, you want to touch everything. Eventually that mentality will have negative consequences, so learning how to edit yourself is key. It’s important to consider outsourcing. Draw […]
Your network is your net worth! Get out of your comfort zone and start networking. Building your business without support from other entrepreneurs is a great way to run out of cash fast. Here are 5 ways to expand your network and meet more entrepreneurs. (With a bonus tip!) Join an Incubator As Y Combinator […]
Working 24/7 has been over-glorified in the entrepreneurial community. What we too often forget is what separates great entrepreneurs from good ones is: efficiency. If the Pareto principle tells us 80% of the effects-output comes from 20% of the causes-input, we have to ask ourselves if we’re really being productive or just staying busy? Here […]
One of the top three reasons why startups fail is because they don’t have enough money to keep their doors open. Consider some ways to deduct startup costs. Maximizing deductibles to relinquish cash is crucial for the longevity of early stage startups. Have you started a company recently? Did you incur some expenses before you […]
1. Take Action First come’s first serve – On halloween and in business. Remember that great idea you had? You kept talking about it, but didn’t do anything to make it happen… Later you saw something similar on the market. You threw your hands up, “Hey! I thought of that” Familiar? We know how it […]