Nothing about owning and running a business is easy. Every entrepreneur faces unique challenges, particularly when it comes to growing. You might know Dave Ramsey’s name from his personal financial advice books and video content, but he’s a successful entrepreneur in his own right and has some proven strategies for more than just individual and family budgeting. In a recent episode of his series just for entrepreneurs, which you can watch below, Ramsey identifies five key stages of life for a business owner: the treadmill operator, the pathfinder, the trailblazer, the peak performer, and the legacy builder. How entrepreneurs handle …
Category: Featured Finds
Mark Cuban on Why Most Businesses Fail
If succeeding in business was easy, everybody would be doing it. When it comes to running your business, so many of the little details are specific to your goals and industry, but there are some insights and advice that can apply to every entrepreneur. Legendary entrepreneur and investor Mark Cuban gave a frank and eye-opening interview in 2019 to answer big questions about why businesses fail and what can be done to avoid it. You can watch the entire video below. Even though the implementation of Cuban’s advice is going to look a little bit different for every business and …
Economics Is Not Finance, So Why Should Entrepreneurs Know It?
Economics and finance. The two are related, though perhaps not quite so closely as one might assume. For entrepreneurs, the nuts and bolts of financial reality are incredibly important. After all, how can you keep your business running without accurately tracking and balancing what’s coming in and what’s going out? Finance is what keeps the doors open. So, what does broad, macro-level economics have to do with any of that? Ray Dalio is a hedge fund manager who has spent his incredibly successful career investing in a wide array of businesses, even in trying economic times. He put together a …
Free to Choose… a Later Tax Filing Date
Ah, April. The weather is warming, the flowers are blooming, the trees are budding, and the looming specter of the income tax filing deadline is everywhere you look. Tax Day is Monday, in case you forgot. At least, it is for most individuals and families. And while pretty much nobody likes filing their taxes with their state and federal governments, foregoing the process altogether can lead to unpleasant consequences. If, for whatever reason, you need a little extra time to do your full filing, there is some good news. The IRS allows you to file for an extension if you …