Money

Small Business Annual Sales – How much money do they make?

small business earnings

Image source: Photospin

How much money do small businesses really make? What about solopreneurs and gig workers? Do many small businesses bring in revenues that exceed a millions dollars a year? Do small business owners live the American Dream? Vacation at luxury resorts? Fly off to exotic locations in their private jet while their legions of employees keep everything running smoothly back home? Or do they struggle to make ends meet? Where does the myth end and reality begin?

The answer depends on many variables, but for the most part, businesses can be divided into two broad categories:

On one hand, there are the relatively small number of businesses who have 10 or 20 or more employees. Some of these – a  very, very few – have concepts, business models and leadership that venture capitalist and private equity firms believe could evolve into high-growth, high-profit companies. Although they are a

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Business Entrepreneur: Collecting your money

terms and conditions

We are all in the business of either selling goods, services or both.  In all respects, business owners invest in supplies and/or people.  These goods and services are then sold in order to repay capital, cover operating expenses and, if all goes well, make a profit for the benefit of the shareholders/owners alternatively fund the growth of the business.

If only it was all that simple.  When goods and services are sold by the business, the business becomes a creditor to the client.  Most sales that take place are not cash but on terms often referred to as “on account”.  If all goes well the account is settled at the end of the month by the debtor, but what if it is not.   As a law firm we have noted that some of the most sophisticated businesses often fail in having proper terms and conditions for doing business, fail to

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101 Best Business Ideas You Can Start in 2020 (and Make Money) on the Side

Let’s talk business ideas. No matter how rewarding your full-time job may be, finding the best side business ideas and eventually becoming self-employed is even more meaningful than great pay and solid benefits.

Choosing the path of entrepreneurship and working on finding great business ideas, is without a doubt riskier than being content with holding a 9-5 job. It requires more sacrifice. However, once you’re reaping the lifestyle benefits of being your own boss and hustling your way into making significantly more money with your business ideas than you ever could at your day job, the hard work will have all been worth it. So, dive into the most relevant business ideas in 2020.

And by now you probably already know… one of the lowest cost (and most attainable) business ideas you can start working on right now is launching a blog of your own. For that reason, I

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Types of insurance – Money Advice Service

It’s unlikely that you’ll need every insurance product on the market, even if you could afford them all. But how do you know whether your hard-earned cash is going on the policies you need the most? The table below is designed to help you make the right decisions for you and your household budget.

Home insurance

What does home insurance cover? Do you need it?
Buildings insurance
  • Covers the cost of repairing or rebuilding your home if it’s damaged by storm, floods, fire, lightning, subsidence, etc
  • You won’t be covered for general wear and tear
  • You’re unlikely to be covered for properties left unoccupied for more than 60 continuous days
Yes, it is a legal requirement if you own your home, plus mortgage lenders normally insist on you having buildings cover.
  • Repairing your home can be very expensive so buildings insurance could save you a fortune in the long run
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Smart Money Management | M1 Finance

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