How to Create Passive Income Without a Product

How to Create Passive Income Without a Product

Passive income is one of the best things on the planet. It’s freedom. It’s money-while-you-sleep. It’s a beautiful thing. Unfortunately, there’s a massive misconception that passive income is created primarily through product sales or investment vehicles. (i.e. Mutual Funds, Dividend Stocks, etc.) Whenever I hear the word ‘passive’, I immediately think of Flight Media—my business. Sure, we have one product that generates about $600-$1,000/mo, and that’s passive, but that’s only a tiny, tiny fraction of the revenue we generate. In…

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How to Generate Passive Income

How to Generate Passive Income

Our spending and sparing propensities create after some time, and it is a result of this reason that they are frequently difficult to change. Financial experts utilize an expression called “propensity to consume,” which recommends how a lot of extra parcel of $1 earned will be devoured by us. For instance, on the off chance that I acquire an extra $100 a day and burn through 90% of this $100, my inclination to expend will…

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What You’ll Need for a Small Business Loan

What You’ll Need for a Small Business Loan

Gather your documents and prepare for lender’s questions State and local economic development agencies as well as numerous nonprofit organizations provide low-interest loans to small business owners who may not qualify for traditional commercial loans. Here’s what you’ll need to apply fo a small business loan and some questions your lender may ask you.   Documents Needed for Small Business Loan Applications Keith Brofsky, www.nextavenue.org While every loan program has specific forms you need to fill…

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8 Great Sources of Financing for Women Starting a Business

8 Great Sources of Financing for Women Starting a Business

Fledgling female-owned firms should look into these options — and steer clear of two others Four years ago, Linda Waitkus quit her job as store manager for a Bloomingdale’s near Washington, D.C., to open Great Dogs of Great Falls, an 1,800-square-foot pet shop with grooming services in Great Falls, Va. By Kerry Hannon, Money & Work Expert, www.nextavenue.org When I stopped by to interview her recently, I was impressed to discover that Waitkus, now 57, made all the…

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Where to Find the Best Small Business Loans for Women

Where to Find the Best Small Business Loans for Women

There has never been a better time to be a woman in business – and research is backing that up. According to a study conducted by Dow Jones, venture-backed companies with women in the C-suites are more likely to succeed than companies with all-male leadership. After studies like this, it’s easy to see why more and more investors are looking to throw their financial resources behind female business leaders. In fact, there’s been a veritable explosion…

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Tax obligations as a business owner

Tax obligations as a business owner

You start a business, a key to your success is knowing about your tax obligations. You may not only need to know about income tax rules, but also about payroll tax rules. Here are five IRS tax tips that can help you get your business off to a good start. By Debbie Mueggenborg (E-E Columnist), examiner-enterprise.com 1. Business structure. The most common types of business structure are sole proprietor, partnership and corporation. The type of business you…

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How to Get the Business Loan You Want

How to Get the Business Loan You Want

What you need to know about financing before applying Although times are tough, small business financing is still available. Banks are collateral lenders and require guarantees from borrowers with a strong credit score who pledge verifiable assets to secure a loan. Getting the loan you’re looking for is possible if you’re informed. Use these quick tips to start you on your way to the perfect loan package. By Steve Bloom, SCORE Counselor, www.nextavenue.org Form a relationship You need…

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