Saving Money on Small Business Expenses

Running a small business can be tough. If you’re not careful with your expenses, you can easily go into the red. Thankfully, there are many things small businesses can do to save money. Below are five strategies for saving money on all your most important expenses.

Don’t Tie Up Too Much Money in Inventory

ID-100349120At home it often pays to buy in bulk but in business capital is usually scarce and if you are borrowing money capital is expensive. In order to be successful, you have to weigh the cost of capital against any savings for buying in bulk. So while it may appear that you are paying less for each item, you will probably be wasting money in the form of overstock. Instead, try to  keep inventory to a minimum with “just in time” ordering i.e. only order new stock when you’re close to running out. It takes a little bit more work and logistics, but there are plenty of programs and apps that can make the task easier.

Minimize Fixed Costs

Fixed costs are things like rent, that [Continue reading]

Women Entrepreneurs Making An Impact Now

These days almost every industry has its share of outstanding women entrepreneurs. The list starts at the top of the business food-chain with first-time women CEOs such as Mary Barra of General Motors and IBM’s Ginni Rometty. This is followed with more CEOs, in other fields such as education, social media, and the non-profit sector. In addition, woman entrepreneurial power comes in teams that are co-founding the next big thing. Here is a glimpse of this diverse group of women professionals with expertise, insight, and vision for innovating and trendsetting.

Mary Barra, CEO General Motors
Mary BarraThis is a famous and powerful entrepreneur as the first woman to head a leading automotive manufacturer. Her tenure started out rocky at the height of scandal for the big automaker, but each year since taking the helm she has navigated the rough waters to calmer seas with the company numbers and image turning a corner. While she still has much work to do, she is a stand-out in 2015.

Ginni Rometty, CEO IBM
Ginny Rometty

Thirty-five year veteran of IBM, Ginni Rometty rose from [Continue reading]

The Gig Economy Is the New Normal

Independent Contractors

By John Mauldin An already-confusing employment environment grew even more complicated this past week. Many readers responded to my “Crime in the Jobs Report” letter with their own stories. Some confirmed what I wrote, while others disputed it. … [Continue reading]

5 Unusual Freelance Jobs


In the new gig economy, the key to successful freelancing is having a variety of profit centers. Whether you choose to have several projects in one field, or work in a variety of fields, having an arsenal of freelance options will keep you … [Continue reading]

A Closer Look at All Those New U.S. Jobs


U.S. labor force participation rate is at its lowest level in 38 years A Closer Look at All Those New U.S. Jobs U.S. labor force participation rate is at its lowest level in 38 years By Elliott Wave International Editor's note: You'll find a … [Continue reading]

BLS Releases October Employment Figures

Unemployment Rate October 2015

Current Unemployment Rate Chart According to the latest U.S. Bureau of Labor Statistics (BLS) data release on November 6th the current “Seasonally Adjusted” Unemployment Rate for October is 5.0% down from September’s 5.1% which was down … [Continue reading]

Is the Government Fudging Unemployment Numbers?


What is the True Unemployment Rate? Comparing Bureau of Labor Statistics numbers to an Independent Source There has been a lot of talk about the validity of the government generated unemployment numbers created by the U.S. Bureau of Labor … [Continue reading]

High Paid Miners Now Working at Walmart?

BLS vs Gallup Numbers

September Employment Numbers Disappointing Apparently U.S. employers cut back on hiring over the last two months. The expectation by economists polled by Reuters was that there would be a net gain of 203,000 jobs in September. But when the BLS … [Continue reading]

Six Unexpected Payoffs of Having a Sales Job

Sales Professional

In an age where companies must use a wide range of different marketing tactics to compete, the salesman has somewhat of a bad reputation. While many salespeople are helpful professionals, many people think of the aggressive telemarketer or the … [Continue reading]

Six of the Most Dangerous Jobs in America

Six of the Most Dangerous Jobs in America 1

Most people know they will be safe when they arrive at work, but that’s not the case for everyone. In order to keep a highly productive society, some of us have to do the extra hard and dangerous jobs. While there are dozens of jobs with some level … [Continue reading]