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Getting Your New Business Bonded: The Ins and Outs of Surety Bonds

stack of new 100 US$ banknotes

The legal requirements involved in launching a business can seem overwhelming. Even so, it's a necessary evil to not only become familiar with, but also understand all that is legally required to open a business. Depending upon the business you plan … [Continue reading]

Filed Under: Blog, Money Tagged With: Financing, Startup financing

The Frugal Family Business Guide: Part 1- It’s All in the Planning

family business, three members of same family business

Whether you're considering strategy or vision, expectations or needs, short-term or over the long-run, the success of almost any business startup is in the planning. With a family-run business, the planning process is even more vital. You need to … [Continue reading]

Filed Under: Blog, How-to-guides Tagged With: business plans, Family business, Home-based business

The Frugal Family Business Guide: Tips & Resources for Family Owned Companies

family business, 3 generations discussing around a laptop

Running a family business has a certain allure. Get it right, and you'll capitalize on a wellspring of passion, cohesion, familiarity, and resilience. But without enough care and planning, the business can quickly degenerate into a sticky, … [Continue reading]

Filed Under: Blog, How-to-guides Tagged With: business plans, Family business, Home-based business

Sink or Swim?: It Depends on When You Pick Your Head Out of the Water

baby swimming under water

As important as it is to ask questions, do your research, and learn from mistakes, often success in business (and in life) depends on striking a balance between the times when you must pay attention and the times when you just need to look the other … [Continue reading]

Filed Under: Blog, Run and Grow Tagged With: Business management, Leadership, Life and business

Frugal Small Business Startup Tips: Step 10- Building Business Credit

business credit, blue credit card close up

Though many small business owners may realize the importance of having a strong business credit profile, they may be at a loss when it comes to building it up. Much of the confusion can be traced to numerous misconceptions and conflicting messages … [Continue reading]

Filed Under: Blog, How-to-guides Tagged With: Financing, Payments and collections, Startup basics

Can Your Business Run Without You?: Going Beyond Task Delegation

Can Your Business Run Without You?: Going Beyond Task Delegation

One major milestone of running a business is reaching a point where the business can continue to operate smoothly even when you are not there. Though this is typically said in reference to delegating tasks and having clear, thought-out policies and … [Continue reading]

Filed Under: Blog, Run and Grow Tagged With: Business management, Delegation, Human resources, Leadership

The Durbin Amendment Duplicity: Your Credit Card Processor Can Snatch Your Savings!

credit card swipe Credit Card Processor Can Snatch Your Savings!

A year ago, the Federal Reserve Board agreed to dramatically lower the fee that banks can charge businesses to accept debit cards. However, the new law which goes into effect on October 1st, has a loophole that allows credit card processors to … [Continue reading]

Filed Under: Blog, Money Tagged With: Cost killing, credit card, Money management, Payments and collections

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