Naturally, you have ambitious goals for your business as the year unfolds. Depending on the industry you’re in—retail, restaurant, salon, auto repair, etc.—your business equipment may play an essential role in your productivity and profitability. In this case, is the equipment that runs your business up to the task?
When should you consider taking out business loans for inventory and when should you make do with what you’re using right now? In addition, once you’ve got the funding, should you buy brand new equipment or consider using thrift-savvy techniques like repairing equipment, buying used equipment or buying refurbished equipment?
The best way to answer these and other questions you might have about equipment is to get a big picture perspective of your situation. Once you can analyze your current equipment needs, you’ll know what to do to fulfill them.
With that in mind, let’s review 6 questions you can ask to stimulate new ideas and a better understanding of your current equipment inventory.
Many of us want to attack the idea of being frugal by saving large sums of money – but trying to save too big an amount too quickly can backfire. That’s because you may need to cut back in every aspect of your life, and this could affect your well-being.
Imagine living without an air conditioner in the extreme summer heat when you’re trying to reduce the electricity bill or not being able to eat at your favorite restaurant when you’re trying to save money on food. There’s disaster written all over it.
Don’t get me wrong, saving a big sum of money is good, but you’re more likely to avoid getting stuck in a rut if you make a series of small savings that add up over time. With the tips mentioned below, you’ll see a decent figure on your bank statement at the end of the year, without feeling like you have had to sacrifice your lifestyle to achieve this feat.
Buying a house can be an incredibly exciting experience, one that can send people running around all over the place trying to figure out just how exactly to find the residence of their dreams. However, just because a house is a big investment does not mean that it is impossible to understand just what you need in order to make the best choice possible for yourself and for others.
If you are going to put a large amount of money down on a property, then you might as well make absolutely sure that you are going to get the one that will serve your needs perfectly, not just in the current period of time, but for many more years far into the future.
In this post, we will discuss a very important question that you can ask yourself in order to determine whether you are making the best decision possible, or if you might be setting yourself up for financial failure down the line.
Are you a freelance writer?
Or are you dreaming of becoming one?
Being your own boss and building a small business might be easier than you think. You just need to be creative!
But don’t be too excited about it, there are a few helpful writing tips you still need to learn about putting up the best creativity in your freelance job or career.
Americans are in a lot of debt.
Between credit card debt, the rise of student loans, and the ever-in-flux real estate market, it’s harder and harder for people to live without some form of debt.
Exact figures are hard to come by, as credit card debt, also known as “revolving” debt and consumer debt, is measured separately from debt like student loans and mortgages.
That makes sense, as they are very different, but that separation often disappears when financial advice is given.
First-time homebuyers struggle with the process because it’s overwhelming.
There’s a lot to contend with: mountains of paperwork, mortgage rates, the down payment, and the list goes on.
The last thing a new homebuyer needs is to lock themselves into a lifelong commitment that ultimately winds up being the wrong decision.
With more than 880,000 homes in foreclosure, that’s a very real possibility.
The secret to ensuring your dream home doesn’t become a nightmare purchase is to put together a solid plan; this is the essential information you need to know, so your experience of buying a home is a positive one.
The facts are in: most entrepreneurs never make as much income operating their own business than they did as an employee working for someone else. This may shock you because we see entrepreneurs on television, featured in magazines, and we constantly hear stories of massive success. It turns out, however, that these stories of massive entrepreneurial success are the exception and not the rule. There are five important reasons why most entrepreneurs never turn a profit and why entrepreneurs fail.
I got a new job and my income went up 38% several years ago. The increased payday felt huge, because nothing about my life setup really changed. I didn’t move into a fancy apartment or buy a new car.
But something subtle did change psychologically for me. I felt like I had more money so I spent a little bit more at restaurants and a little bit more on clothes. I figured I had a little extra money, might as well enjoy it.
When the credit card bill came, I found that my expenses increased right along with my income. Getting a raise was great, but it was so easy to spend the extra money. I hadn’t paid down student loan debt, saved any money, nor invested – all the things I’d imagined doing with the extra income.