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.
The Financial Flipside Podcast, Episode 23: Peaks and Valleys or, When Is a Recession Not a Recession?
Photo by Skitterphoto from Pexels Most of the economic news these days is not great: high unemployment, a drop in GDP that brought the US economy’s longest period of expansion to a screeching halt, and of cours [...]
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.