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10 Most Common Reasons Small Businesses Fail

10 Most Common Reasons Small Businesses Fail

According to research, only about 20% of new businesses make it past the first year and, even if yours does, only about 50% make it past 5 years. There are many reasons small businesses fail and these statistics can be disheartening, whether you are just getting...

7 Misconceptions about Owning a Small Business

7 Misconceptions about Owning a Small Business

For many years, most people have believed that entrepreneurs are just too unconventional or lazy to work a typical 9 to 5 job. However, in recent years, there has been a shift in these beliefs, and it’s easier than ever to start your own business. As a result, many...

Small Business Financial Trends for 2023

Small Business Financial Trends for 2023

Financial trends are looking quite different than a few years ago. Prior to the COVID-19 pandemic, most people seemed to have a positive outlook on starting a small business. However, post-pandemic, small businesses are facing an array of ever-evolving regulations,...

Top 7 Ways Small Businesses Overspend

Top 7 Ways Small Businesses Overspend

Small business owners have a lot of things to deal with and, even with a great business idea and solid business plan, it’s easy to lose track of finances and overspend. However, if you are not aware of what you have coming in versus what you have going out, your...

10 Tax Tips for Small Business Owners

10 Tax Tips for Small Business Owners

One of the many responsibilities of owning a small business is paying taxes. Many small business owners claim that paying taxes, while this is one of the most important tasks, is one of the least enjoyable. This is because many of the tax laws can be confusing- which...

What is Tax Debt and How Does it Impact Your Small Business?

What is Tax Debt and How Does it Impact Your Small Business?

If your business owes taxes to the IRS after the filing deadline, you have tax debt. Even if you filed early and paid a portion of the bill, the remaining balance is considered tax debt. Many small business owners fear that the IRS will seize their businesses if they...

How Small Business Owners can Write-off Vacation Expenses

How Small Business Owners can Write-off Vacation Expenses

One of the best things you can do for yourself is to take a vacation. This will give you the opportunity to take a break from your routine and relax, allowing you to recharge. This can be a challenge for small business owners because you are responsible for everything...

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