As an entrepreneur, you want to be fully aware of where your money goes every month. It’s important for your business’ bottom line and gives you a full control of the financial situation. Often small business owners have the same account for both business and personal use. You’ll be surprised how enlightening it can be when you are fully aware of your spending habits so that you can take action to improve them.
In case you have forgotten the value of a hard-earned penny we have put together a list of ideas to help your small business cut down on costs.
Banks used to be the place to go if you needed to borrow money to fund the growth of your small business. Banks have high rates for borrowers, cumbersome application process and they are not that eager to provide credit to entrepreneurs, sole traders and small businesses. Luckily, today banks are not the only way to get financing – online peer-to-peer lending is the new kid on the block that has grown big within the recent years.
No doubt, entrepreneurs are a special kind of people. They are not afraid to take risks, they are restless and comfortable with the constant change. If you're still wondering if you have all it takes to be an entrepreneur, have a look at these seven unexpected signs that Ryan Holmes, CEO at HootSuite, believes indicate you just might be one.
As a small business owner you always have your business in mind, it is part of who you are and it is for a reason. (Related: 40 million SMB;s create the future Growth in Europe) Every single day and sometimes during sleepless nights, you are committed to make the very best out of it. Sometimes it can be very frustrating, but it's also very rewarding to see your business evolve and grow. What's the formula to create growth then?