5 proven ways to cut costs for your small business

Chonce Maddox •
Woman hand writing on note pad with a pen in the office.

According to Bloomberg, eight out of ten small businesses fail. Some fail because they don’t adequately understand customer needs. Others can’t communicate the value of their products and services. Still, others don’t understand how to promote themselves effectively. Yet, the number one reason businesses fail is the lack of a sustainable business model—they simply spend


How to separate your personal and business finances (and why you need to)

Kevin Mercadante •
Money Under 30
Business finance concept, Calculator and Notebooks on the table

It’s not always easy to keep your personal finances separate from your side hustle or small business. But separate you must, otherwise, you’ll have no way of knowing if your business is profitable. There’s also the potential to make mistakes. Fortunately, there are several ways to keep your personal finances separate from your business. Most


Rebuilding your home and finances after disaster strikes

Kimberly Lankford, Contributing Editor, and <i>Kiplinger's Personal Finance</i> •
Ruined and burnt house, scattered bricks

Hurricane Harvey, which pummeled Texas in late August, and Hurricane Irma, which blew through the Caribbean and Florida two weeks later, both took a heavy toll. Harvey caused more than 80 deaths and nearly $100 billion in losses. Irma claimed more than 60 victims and caused more than $50 billion in losses. But in some