Entrepreneurs believe in sacrifice. They sacrifice for clients, employees, and vendors and willing to overcome anything that might stand in the way of dreams. The sacrifice mentality affects owners and their families because they do not consistently compensate themselves. With all the effort and perseverance needed to run a small business, a business owner must be able to maintain their livelihood and support their family’s needs, or eventually, the business will fold.
According to an estimate from the Center for Responsive Politics, the cost of all elections this cycle reached more than 14 billion dollars! Making 2020 the most expensive election in U.S. history; remarkable considering we have been fighting COVID- [...]
For years, I have felt that the Small Business Administration’s definition of "small business" is too broad and disqualifies businesses on the lower end of the revenue qualification.
In this episode of the Flipside, we discuss the difference between gross revenue and net profit. What's the difference? Why is it important? Whether you are a new business owner or been in business for years, these are fundamental terms that [...]
As members of this robust and thriving American economy, I think we have some of the worst relationships with the money of anyone in the world. In America, money has become synonymous with who you are as much as what you do.