According to Fundera, mixing personal and business finances is an all too common issue being faced by business owners, particularly small business owners. In 2018, around 23 percent of small business owners admitted to mixing personal and business expenses on their commercial credit cards while 51 percent of owners use their own money/credit to fund their business expansion plans while only 29 percent of them actually turn to business profits and retained earnings as a source of funding. Using personal credit to finance your business can sometimes prove to be beneficial.
However, mixing finances can leave business owners (and their businesses) vulnerable to negative consequences on their credit score, business growth prospects and even management of their business operations. With this in...
One of the most difficult things for a working-class person, these days, is to have a stable and secure way for managing their finances. The world has gone through a lot of topsy-turvy, especially, in the field of market economics with recessions and stunted job growths. This has meant that fewer and fewer people are now aware of the ways through which they can get a stable income while trying to increase their wealth. Managing finances is a difficult job and especially with the markets being so volatile. In this small article, you will be learning about some effective tips that can help you in managing your finances.
It is very important that you should pay your bills on time. These bills are the ones which you have to pay every month like your gas bills, water bills, e...
These days, with the arrival of digital marketing and the presence of social media, have resulted in changing the business world completely. Today business owners have a lot of new methods to help them explore wider horizons for developing their businesses. Social media has helped business owners to market their products in various ways and also do thorough consumer research. Social media and digital marketing have also helped companies to indulge in crowdsourcing. In this article, you will learn more about how crowdsourcing can be used to improve your business funds.
What is crowdsourcing?
Crowdsourcing is basically a practice whereby companies and individuals go on to obtain the services, ideas, content, or even funds by soliciting some contribution from large groups of people, spec...
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