Starting a business is easy, but running a successful business is an entirely different story. For instance, in the United States alone about 9% of businesses both new and old close every year. The failure rate of new businesses is relatively high, with about 50% failing within
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If you could watch your brain for just a few minutes, you’d likely freak about the different things you try to understand, analyze, process, remember, and store to memory. It’s a complicated process. Millions of thoughts cross our minds daily. Most people let things pile up and
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Running a successful, rapidly growing virtual assistant business is one of the most exciting, liberating, and stressful things anyone can do. The few of us who have taken the plunge into the entrepreneurship world know that this life is anything but boring. As you run your business,
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Handling taxes is perhaps one of the most difficult aspects of business ownership. Out of everything that involves business accounting, taxes are not only the most difficult part but they’re also the most complex. And it’s costly to your business if you make errors. Thus, many business
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Filing income taxes for your business yourself can be challenging. However, as you prepare to do so, there are some key things to remember. The tips below will help you avoid common mistakes and pitfalls, and you’ll save as much money as possible. Because the less money
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As a business owner, blurring the lines between business and leisure isn’t a good idea. But as you navigate business finances, it’s tempting to use personal finances to help when your company needs a boost. This isn’t usually a good solution in the long run, though. Having
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Running a business isn’t an easy task. It is a difficult and demanding undertaking that requires different skill sets and attributes. For some, numbers are a source of stress. Effective financial management is a crucial part of running a sustainable and successful business. And enlisting the services
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If multitasking is one of your business habits, you aren’t doing yourself any favors. The idea that multitasking helps to get more done is a myth, particularly in business. Multitasking involves constantly switching between tasks. The problem is, this can sometimes destroy your productivity. A 2009 Stanford
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Today, we’re conditioned to believe that we should be busier, do more and work harder. Most motivational speakers give well-meant advice that makes you believe that you aren’t doing enough, and that’s why you aren’t successful. But the belief that “doing more = accomplishing more” isn’t as
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As a business owner, you are your business. And just doing what you’ve been doing before will only make you less productive, less fit, less healthy and you’ll lose your entrepreneurial momentum. The success of your business depends on you: increasing your output, improving your performance, and
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