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COGS for Service Businesses – Not Really Zero!
When figuring out your pricing and your margins, knowing your Cost of Goods Sold (COGS) is vital. But what if you are selling services, not goods? There are still COGS for service businesses, but they...
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Debt to Equity Ratio – The Delicate Balance
When people start talking about the financial health of a company, they often start talking about ratios – one that often comes up is the Debt to Equity Ratio. The debt to equity ratio is a measure of...
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How to Be an Action-Taker, Not a Tire-Kicker
Every week, I interact with tire-kickers. Many of them have awesome business ideas. They are really smart people. They are charismatic. They genuinely want to succeed. But they never take actions that...
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How To Set Payment Policies that Make Your Clients Love You More
Do you feel like you’re always chasing clients down for payment? Do you feel guilty asking for money up front before you start a new project? Do you start projects in good faith after being promised...
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Saving Up: How to Fund Your Own Small Business When No One Else Will
Whether you need $200, or $2 million to start your new business, the question of who’s going to pay for it might be tough to answer. But if you’re like most bootstrapping entrepreneurs, you don’t have...
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The 3 Most Important Steps to Take When Starting a Small Business
Starting a small business can be overwhelming enough to make you want to spike your morning coffee with 100 proof tequila. But that’s not to say you shouldn’t bother launching your business idea. In...
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Your Small Business: Is It Even Better than the Real Thing?
Your small business works in mysterious ways. After the first few months, when you’ve exhausted your network and the initial buzz of your launch is over, your revenue might sink a bit. It might sink so...
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Starting a Small Business: When is Charity Good for Business?
When you start out as a bootstrapping entrepreneur, you might be grasping for every dollar of revenue that you can muster up in those critical first few months. Though at your heart you’re a generous...
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Why You Should Never, Ever, EVER Discount Your Professional Services
It used to be that when my business got a little slow and I had fewer clients, I would offer some sort of discount to encourage people to get their projects started. Sometimes it worked really well,...
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When NOT to Write a Business Plan
If you know me at all, you know I’m a huge proponent of business planning (well, life planning too). I believe that even if you don’t follow or completely implement your plan, that just the process of...
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Personal Financial Planning for Entrepreneurs: A New @RenegadePlanner Blog...
Today I’m sharing a little VIDEO! In which I explain why I’m doing a series specifically on personal financial planning for entrepreneurs, and what you can expect out of the series. Check it out: You...
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How to Create a Budget for Your New Business
I hear this lament all. The. Time: “I just don’t “get” the financial part of my business!” This is a big problem. A problem you better overcome if you plan to enjoy any degree of success in your...
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How to Avoid Cash Flow Crunches that Swallow Your Personal Income
Alright folks it’s time for the first post in my Personal Financial Planning for Entrepreneurs blog series. I’ll keep writing as long as I have questions to answer, so leave a comment with the ONE...
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Free Money for School: Yes, Even Entrepreneurs can Save for their Children’s...
A guest post by Julia Chung All parents, whether they are employed, self-employed, or running corporations, think about saving for their children’s future post-secondary schooling costs. While it can...
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Tired of Chasing Down Financing for Your Business and Having Everyone Slam...
Well – here’s a new option. It’s called Equity Crowdfunding. Heard of it? If you haven’t, think of it like a Kickstarter campaign, but instead of sending people a reward you give them just a few shares...
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How to Successfully Market Your Equity Crowdfunding Campaign (Round-Up Post)
Think equity crowdfunding is the best way to raise money for your growing start-up? Even if the funding model makes sense for you, there’s a huge piece of the puzzle that’s critical to a successful...
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I’m all for bootstrapping, but let’s get clear about one thing. If you’re cheap, you can’t grow. You can’t scale. You can’t build a thriving little business that you love. Seriously, people. Just...
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5 Places To Find the Money to Start Your Business
Alright, so you decided to start a business but the problem is there’s just one big thing between you and your opening day, and that’s money. How much do you need? Who do you ask? What places can you...
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Equity Crowdfunding or Rewards Crowdfunding?
Considering crowdfunding to raise money to grow your business? Choosing which type of crowdfunding to pursue is an important strategic decision. You’re probably familiar with rewards-based crowdfunding...
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From Idea to Open: How to Get Organized to Launch Your First Business
So you’ve had this AWESOME business idea floating around in your head for what seems like forever. You think about it when you’re driving to work, you think about it in the shower, you think about it...
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