How to Pay Yourself as a Business Owner

"How to Pay Yourself as a Business Owner" Salaries and Coins Graphic
March 21, 2018

~by Christine Schoaff~

You’ve had a great idea and started your business, and now it is growing. As an owner you’d like to enjoy the results of your success.

Now what about paying yourself? How do you see money as an owner, and what are the options? There are five options explained below. Be sure to consult with a bookkeeper, CPA or other financial professional on your specific situation.

Here are five options for paying yourself.

1) Expenses

If your business has enough cash flow to cover basic operations expenses, you can consider having the company cover other expenses. For example, the company can pay for meals when there is a business purpose such as meeting with a client. The company can pay for mileage of your personal car when used for business purposes or to purchase a vehicle outright for your use on business matters. Be aware the you must keep the corporate and personal separate and clearly defined. Company expenses must have appropriate documentation such as receipts. Only some costs are allowed as business expenses.

2) Loan repayment

Many owners provide cash to their company for general operations in the startup phases. When the funding is structured as a loan from the owner to the company, then loan repayment can be a means to returns funds to the owner. It is important to maintain clear documentation, especially the amounts of principal and interest repaid.

3) Dividends

Some business structures, such as S Corporations, have the option to distribute dividends to owners. Dividends are funds, shares, or similar, issued to owners according to the percentage of ownership. So if you have two owners, 80% and 20%, a $100 dividend will be issued $80 to one and $20 to the other.

4) Owner’s Draw

With some business structures, such as Sole Proprietorship, the owner can withdraw funds up to his previous investment and a portion of the other retained earnings.

5) Salary

As an owner, you can also be an employee with a full W-2. This involves the same taxes paid by the company and the employee as every other employee (see ‘The 5 Costs of Running Payroll). Generally, if you are paying dividends, you should also have some portion of your compensation as a salary.

An accountant or other financial professional can help you understand how to coordinate all of these options appropriately.


Meet the Author: Christine Schoaff   How to Pay Yourself as a Business Owner 1

Christine Schoaff has been an entrepreneur and intrapreneur in opportunities from start-up to mid-size to Fortune 500. She has worked extensively with family run businesses in a variety of industries.

Christine Schoaff

919-335-5663

Categories

More Posts:

How Entrepreneurs Can Work Through Periods of Stress

Entrepreneurship can be an exhilarating journey, but it often comes with its fair share of stress and challenges. The pressure of running a business can sometimes feel overwhelming, and finding effective ways to navigate through periods of stress is crucial for...

Office Security Basics Every Business Owner Should Follow

In the dynamic world of entrepreneurship, ensuring the safety and security of your office space is paramount. As a business leader, you understand the significance of a secure workplace environment. By establishing office security measures, you protect your employees,...

Areas in Your Office That Need Regular Cleaning

A clean office is essential for fostering productivity, boosting morale, and making a good impression on clients and visitors. While you may already have a cleaning routine in place, some areas might need more attention than you realize. Below, we highlight three key...

How to Design a More Organized Workplace

An organized workplace is not just an aesthetic preference; it's a catalyst for heightened productivity, enhanced employee satisfaction, and even a more robust bottom line. To create an environment that fosters efficiency and promotes well-being, consider...

Economic Effects Of Tax Returns

To understand your tax returns a bit better, let’s discuss the economic effects of tax policies and how they affect your financial health.

How to Take Better Photos for Your Photography Portfolio

Building an impressive photography portfolio is essential for showcasing your skills and attracting potential clients. To achieve this, it's crucial to continually enhance the quality of your photos. Learn Your Craft Photography is an art form that requires continuous...

How to Avoid Contract Disputes in Your Business

Clear and well-structured contracts are essential to the smooth operation of any business. Disputes over contracts can disrupt operations and damage business relationships. As a business owner, it is important to take steps to avoid contract disputes. Write Clear...

Key Considerations When You Go Freelance

The freelance lifestyle offers an enticing blend of flexibility, autonomy, and the chance to work on projects you're passionate about. But transitioning from a traditional job to freelancing requires more than just talent and a laptop. It's essential to take a...

What Modern Employees Value at a Company

Understanding what modern employees value is crucial for companies to attract and retain talent in today's dynamic job market. A key part of any company's brand identity is its brand voice, which communicates the values and culture through all interactions....

Office Issues You Need to Deal With in the Winter

Winter can bring about a unique set of challenges for businesses and office managers. As the temperature drops and the weather turns frosty, it's essential to address certain issues to ensure a productive and comfortable workplace. Bad Weather Winter storms and...

The Future of Financial Literacy Education

The article covers the ‘financial literacy” topic, highlighting its importance, advantages, challenges, future trends in education.

The Benefits of Professional Office Cleaning

Maintaining a clean office isn't merely about aesthetics; it significantly impacts the overall functionality, productivity, and well-being of the work environment. Whether you're an HR leader, business owner, or marketing executive, you've likely considered the...

How to Convince Employees to Use Company Benefits

When running a business, you often invest in employee benefits to improve well-being, engagement, and job satisfaction. Yet, despite these offerings, you might find that your team members aren't taking full advantage. It could be due to a lack of awareness or...

How to Prepare Your Employees for Emergencies

Being prepared for emergencies is not just a matter of personal vigilance; it's a collective responsibility that starts at the top levels of management and permeates throughout the organization. Ensuring that your employees know what to do in the event of unexpected...

How to Give Your Employees More Choices in Benefits

As a business leader, you understand the value of empowering your team with choices that suit their unique needs. This philosophy can extend to the realm of employee benefits, where providing more options can enhance job satisfaction and loyalty. Here’s how you can...

How to Avoid Delays When Delivering to Customers

In today's competitive business landscape, delivering products to customers on time is not just a courtesy; it's a necessity. Delays in delivery can lead to dissatisfaction and harm a company’s reputation, especially for female entrepreneurs who are striving to build...

How to Expand the Services Your Hair Salon Offers

Running a successful hair salon involves staying attuned to the evolving needs and preferences of your clients. One effective strategy to keep your business thriving is by expanding the range of services you offer. By diversifying your offerings, you not only attract...

Dollars and Sense: Building a Solid Financial Foundation for Your Small Business

Financial management is the heart of any business, no matter its size. Learn key financial practices to help your small business achieve financial stability.

What Goes into Maintaining a Commercial Office Building

Maintaining a commercial office building is no small task. It requires careful attention to various aspects to ensure a smooth and efficient operation. By addressing these essential factors, building managers can create a conducive environment for businesses to thrive...

How to Develop a Strong Photography Portfolio

Creating a strong photography portfolio is essential for showcasing your skills and attracting clients in the competitive world of photography. A well-curated portfolio demonstrates your unique style, technical abilities, and creative vision. Here are three key...

Smart Tools That Your Office Needs

From automating mundane tasks to boosting security, smart tools bring a new level of efficiency and sophistication to the modern office. Incorporating these technologies into your workspace not only promotes productivity but also ensures a secure and comfortable...

How to Reduce Your Liability From Accidents

Maintaining a safe work environment is crucial for any business to protect its employees and minimize liability. Accidents can lead to injuries, lawsuits, and reputational damage, which can have severe consequences for a company. These are three important strategies...

Signs You Need to Start Delegating Responsibilities

As a business leader, it's important to recognize when you need to start delegating responsibilities. Delegation is an essential skill that can help you achieve a better work-life balance, enhance productivity, and ultimately lead to business success. Here are three...

How to Vet an Amazon FBA Coaching Program or Course

How to Vet an Amazon FBA Coaching Program or Course
Are Amazon Courses Legit or a Scam? 8 Ways to Tell!
By: Ashley Kinkead

10 Ways to Improve Your Chances of Personal Loan Approval

Secure personal loan approval by improving credit score, maintaining a suitable FOIR, borrowing sensibly, considering a cosigner, and choosing a compatible lender. Diligence guarantees a smoother application process and increased chances of success.

Taxes That Need to Be Deducted From Employees’ Paychecks

An integral part of running a business involves the complex dance of payroll taxes. As an employer, it's a legal responsibility to deduct certain taxes from an employee's paycheck. Understandably, it may seem like navigating through a maze, but the core components of...

The Impact of Steel on The American Economy

Steel is a crucial construction material with a significant impact on the American economy. The World Steel Association predicts increasing demand for steel in the 21st century, driven by the construction sector and its eco-friendly nature. The manufacturing sector, employing millions of workers, relies heavily on steel production. As the steel industry moves towards digitalization, there is a growing need for low-carbon steel. The global reach of the steel industry has transformed international trade and commerce, creating economic interdependence among nations. To secure its future role, the steel industry must address workforce transformations, adopt cleaner production methods, and invest in material science and research.

Legal Essentials for Online Entrepreneurs: Insights from Business Lawyers

The blog “Legal Essentials for Online Entrepreneurs: Insights from Business Lawyers” offers crucial advice for online entrepreneurs. Business lawyers provide insights on vital legal aspects, such as forming a business entity, protecting intellectual property, drafting contracts, and complying with online regulations. Understanding these legal essentials is essential for safeguarding the business and avoiding potential legal pitfalls that could arise in the digital marketplace.

Improving Company Performance with Outsourced Customer Service

In today’s business landscape, outsourcing has become a popular strategy for companies looking to optimize costs and enhance operational efficiency.
As mentioned, specialized service providers have the necessary expertise, technology, and infrastructure.
Luckily, outsourcing customer service can help you tap into the resources and capabilities of service providers.

Mistakes You’re Making With Company Benefits

As a business, marketing, or HR leader, it's essential to fully understand and optimize company benefits to ensure the well-being of employees and the overall success of the organization. Unfortunately, mistakes can be made when managing these benefits, resulting in...

How to Keep Your Business Safe From Cybersecurity Threats

How to Keep Your Business Safe From Cybersecurity Threats Find more business software and technology tips at Leadership Girl. Cybersecurity is a major concern for businesses big and small. Every year brings a new record number of cyber attacks and by 2025, cybercrime...

#InvestingInYOU: Consider Coaching

#Investing in YOU: Consider Coaching Mindy Jo, M.B.A. & M.Ed. Certified life coach & founder of worryaboutYOUtoday.com Life coaching. What is it? What is it NOT? Life coaching can have many meanings based on the type of coaching that is being offered, such as:...

Candice Bakx-Friesen – entrepreneur, certified money coach, real estate investor, real estate agent

I am a money coach who helps teens, families and small businesses overcome the stress of managing money to feel confident and empowered when it comes to their finances.

Overdue Financial Moves You Need to Make Now

If you've been procrastinating on tackling some essential financial actions, now is the time to take action. Today's article will emphasize three crucial financial moves that are long overdue: jumpstarting your retirement investing plan, formulating an estate plan,...

When it’s Time to Hire an HR Professional for Your Company

As your business continues to expand, it might be a wise decision to employ an HR specialist who can help you manage and optimize your workforce. An HR expert brings with them essential services that will streamline the operations of your company while keeping your...

How to Protect Your Personal Finances From Black Swan Events

Life throws us an occasional curveball; it’s just a part of life. But what if your finances take a hit due to something outside of your control?  Black swan events are rare, but they occur and can cause massive financial losses. The key is to be prepared for the worst...

Manufacturing Tips Businesses Should Follow

To be a victorious business, it takes more than having an outstanding product. Knowing the significance of manufacturing and how it impacts their financials is integral for any organization that wishes to thrive in today's marketplace. To keep up with the competition,...

What I Wish I Had Known When I Started My Business

Starting a business is hard work. There are so many things to think about and do, and it can be easy to feel overwhelmed. Trust me, I know from experience! When I started my business, there were a lot of things I wish I had known. But thankfully, I've learned a lot...

Photography Niches That Do the Best Business

Do you love the creativity and flexibility of photography but can’t figure out how to start a successful photography business? Not all photography niches are created equally, and your success in a niche might depend on where you live.  Here are a few types of...

Major Expenses to Account for When Creating a Furniture Business

Starting a furniture business can be an exciting venture, but it’s important to remember that there are major expenses associated with the process. From warehouse space and machinery to labor costs and more, these expenses must be taken into consideration in order for...

How to Reduce Health Insurance Costs for Employees

As a business owner, you know how important it is to provide your employees with quality health insurance coverage. But you also want to make sure that you’re not overspending on health insurance costs.  Fortunately, there are several ways to reduce health insurance...

The Power of Women-Owned Small Businesses

     Women-owned small businesses are on the rise, and their impact is undeniable. In fact, in 2019 alone, women-owned nearly 12 million businesses that employed nearly 9 million people and generated over $1.9 trillion in revenue. From retail to technology to finance,...

Nyago Michael Emmanuel

We invite many people who can invest in our Akiba Ya umoja community benefit savings and investment group of Uganda to enable us expand our operations in Uganda

Product Mistakes You Might Be Making at Your Business

Running a business isn’t easy, and making product-related mistakes can cost your company time and money. From creating products without doing market research to holding excess inventory or failing to file patents, there are numerous pitfalls that you need to be aware...

What You Need to Know Before Hiring a Financial Advisor

As a small business owner or entrepreneur, you’ve likely felt the pressures of finances and budgeting. If you’ve been struggling to manage your company finances, you could benefit from working with a financial advisor.  Here are a few things you should know before...

How Entrepreneurs Can Stave Off Burnout

Have you been feeling more stressed and exhausted than normal lately? Everyone experiences burnout at some point in their career, and this is even more common with entrepreneurs due to the many responsibilities that they have. Here are a few ways to stave off burnout...

Precious Metals & Investing in Your Financial Future

Investing in different precious metals is a great way to increase your portfolio. While you can invest in silver and gold, you should also consider investing in Palladium, because it is a metal that is used in industrial applications. Gold is the most investable...

Why You Need to Be Specific When Writing a Will

No one likes to think about death, but it is something that we all have to face at some point in our lives. If you have children, it is especially important to make a will so that you can ensure that they are taken care of after you're gone.  These are a few reasons...

A Five-Step Guide to Starting a Logistics Company

If you've been considering launching a transportation and logistics company, now is the moment. The transportation and storage sector is very important and profitable. Statistics show that by 2027, the global logistics market would have grown from its 2017 valuation...

Strategies and Technology for Female Entrepreneurs

Since entrepreneurship is the foundation of any nation's economy, it is essential to economic development in developed and developing nations. In the last several decades, there has been a significant improvement in the role of women in our society. Women are now...

Role of female entrepreneurs in a changing society

Over the past few decades, there has been a significant increase in female entrepreneurship. More women are choosing to launch their businesses and participate in the world of business creation, one of the rapidly expanding facets of entrepreneurship globally. But in...

How to Reduce Your Tax Burden When Operating a Business

As a business owner, you already have many financial responsibilities. Adding on the burden of taxes can be overwhelming. To reduce any stress, you need to find ways to reduce what you’re spending on taxes.  Start a Retirement Plan  Having a retirement plan in place...

​​How to Prevent Lawsuits From Ruining Your Company

No one wants to deal with the hassle and expense of a lawsuit. Unfortunately, lawsuits can happen to any business, no matter how big or small. The best way to protect your company is to take preventative measures to make sure that you are doing everything possible to...

10 Strategies an Ecommerce Business Needs to Follow to Increase their Customer Base

Online retailers need to drive traffic to their websites to boost sales. It is important to choose the right marketing strategies to drive traffic since not every strategy will work for every business. This article provides an overview of efficient marketing...

Why Digital Menu Boards Are A Game Changer For Restaurants

There are numerous benefits of using digital menu boards in restaurants. The best drive-thru menu boards can be controlled remotely to make updating fast and easy. Convenience is the main focus of drive-thrus. Customers don't need to leave their automobiles to place...

The Best Ways to Scale Your Wealth Building

When it comes to building your wealth, you want to make sure that you are doing everything possible to maximize your returns. There are several different ways that you can do this, but not each path is right for each individual. Consider these three options to grow...

How to Avoid Manufacturing Woes at Your Business

If your business relies on manufactured goods, then you know that there are a lot of potential problems that can occur during the production process. From defective products to missed deadlines, manufacturing woes can cause big headaches for your business.  Here are...

5 Strategies to Build Team Spirit in Your Business

The manner in which we connect and communicate with our staff members can have a considerable influence on their levels of motivation as well as their output. In this article, we explore a variety of psychological and motivational approaches that can inspire teams and...

Features Every Health Insurance Plan Should Have

When creating a health insurance plan for your employees, you want to be as thoughtful as possible. Not everyone is in the same situation and they need health plans that are flexible and customizable.  There are some features you can add to your plan to make sure your...

How To Promote Your Startup in 2023: Most Useful Strategies

Every startup hopes to make a splash when it first enters the market and find methods to get its name out there. This is when having a solid marketing plan comes in handy.  If you are a new business or an entrepreneur considering a startup, developing a digital...

How Entrepreneurs Can Feel More Confident in Their Appearance

When you are an entrepreneur, the way you look is a big part of your success, because people will tend to want to help your business if you make a good impression. It can be difficult to like the way you look, but when you put in the effort, you can improve your...

How to Be a Better Mentor to Your Employees

As an employer, you have a lot of responsibilities on your plate that you need to take care of. And while you can get through your work by just handling those basic responsibilities, you can make a bigger impression with your business if you focus on creating an...

What Your Business Needs to Make Remote Work Function Well

In the post-pandemic world, the necessity of remote work has become clear to more and more companies. It carries with it unique advantages as well as unique challenges for both employer and employee. Here’s what you need for it to work smoothly. Regular Communication...

How to Attract Executives to Your Company

If you’re trying to quickly expand your company, one of the most difficult steps will be finding experienced and talented executives. You’re going to need to work fast if you want to find the right people. Here are some of your primary tools for attracting the best...

Community Causes Your Business Can Donate to This Year

The best businesses find a way to give back to their communities when they find their own success. And if you want your business to make a good impression and improve its reputation, it helps to be involved in your community. You can do this in many ways, it is really...

Software Tools That Make Everything at Your Business Easier

A modern business is impossible to run without technology. This is especially true for a rapidly growing company that needs to expand quickly and efficiently. Most companies in such a position utilize certain software and tools in order to keep them functioning....

Common Issues with Old Office Buildings

Whether you own an office building, rent space in an office building, or just work in an office building, then you know that they are just as prone to issues as houses, and that caring for a commercial property can be just as intensive and costly as maintaining a...

Hiring A Machinery Recruitment Expert For Your Next Executive Search

If you are looking for talents for certain manufacturing environments, such as equipment and heavy machinery, you might have realized a while ago that finding the perfect people can be extremely difficult. Sure, you might have an entire recruiting strategy in place...

Answer the Following Questions Before Importing Items from Overseas

Importing goods from overseas for your business can be a good idea because you have access to high-quality items, something you might not get locally. However, importing is more challenging than you might think. You will need to look at various things before ordering...

How Does Legal Compensation Work? All You Need to Know

In a life-threatening accident, the victim's family members are entitled to compensation. The guilty party must pay compensation for the loss of life and physical injury if it involves a criminal act (e.g., murder or rape). However, if you're injured in an accident at...

Economic Factors That Are Affecting Businesses Right Now

With a worldwide pandemic and a war in Ukraine, the current state of our economy is on everyone’s mind right now. Oil and gas prices are soaring, and inflation continues to rise. Furthermore, the labor market is abnormally tight. But what do these economic factors...

Growing Industries Software Companies Should Target

When you are in the business of creating software, it always helps to find new sectors that you can branch into. Every industry relies on software to get its work done, and having newer and more effective software options makes those industries work more effectively....

What to Consider When Planning a Corporate Event

So, you’ve been put in charge of your company’s next event. Maybe you want to do a good job in order to climb the ranks. Or maybe you simply pride yourself in the execution of a good, productive event. Regardless, here are some things to consider right out of the...

The Best Passive Investments for Entrepreneurs

The best way to enjoy your life on your own terms is to grow a vast and diverse portfolio of passive investments that make you money round the clock. This will give you the freedom to spend your time how you please, where you please, doing what you please. But in...

How to Deal with an Influx of New Employees After a Merger

Mergers are incredibly common in the corporate world as businesses purchase other businesses and join forces as one large company. But when a merger happens, there are a lot of details to iron out and plenty of change that goes on. There is bound to be an influx of...

6 Ways to Ensure a Secure Financial Future for Your Family

As a breadwinner or head of your household, you understand how important it is to provide for your family financially. You work tirelessly to make ends meet and ensure your loved ones have what they need. But what about your family's future? While it may not be...

Annual Trainings You Need to Hold at Your Business

Training meetings are nobody’s favorite, but they are an important part of any business. It is critical that everyone in your company be onboarded correctly and kept up to speed as important changes are made. It is also a well-known fact that people learn best through...

How to Keep Your Company’s Offices Secure

Your office should be a safe place for you, your employees, and any patrons you may have. Keeping up with security should be a priority for you. There are plenty of ways you can keep your office safe. Use Surveillance Cameras When installing a security system, one of...

Normal Wear and Tear Commercial Properties Can Experience

As a property owner, you are responsible for all the maintenance on your property. In some cases, there will be examples of tenants causing damage to your property. However, there is also normal wear and tear that you should expect at your property. Floor Damage At a...

Critical Hiring Decisions You Need to Get Right

Hiring for your business is never an easy task to take on. Your employees are the flesh and blood of your company and choosing the right people to join their team is critical for keeping your business successful and at the top of your industry. If you can make better...

5 Online Tools to Save Money When Shopping for Company Cars

Online sale options have opened up the world of car shopping. To make sure that you get a great vehicle and find a reputable seller, you may be better off applying with one of the marketplaces below. You can easily sell your current car quickly, get pre-approved for...

How to Catapult Your Productivity with Business Certificates

Investing in updated certifications for yourself and your employees will do a great deal to increase your business output. Existing employees who don't have the time or flexibility to go back to school even part time can improve their skills by getting new...

How BIM is Shaping the Future of the Construction Industry

BIM, or Building Information Modelling, is a technology that is transforming the construction industry. It is a three-dimensional, digital model of a building that contains all the information about the building, including its structural, mechanical, electrical, and...

How to Implement Time-Saving Techniques at Your Business

When you are running your own business, you’ve got a lot on your plate. As the ultimate person in charge, you have to protect all of the assets of your business and balance them to get the most from them. Perhaps the most important asset that you need to protect is...

How to Write a Business Plan for Your Car Dealership

Nuts and Bolts of a Winning Car Dealership Business Plan Starting a car dealership involves much more than simply placing for sale signs in the windows of a few cars parked in your driveway. Becoming a car dealer requires you to understand and meet your state's legal...

What Ecommerce Entrepreneurs Need to Know About Data Privacy and Compliance

As the race to build a better customer experience intensifies, companies across the world are being forced to navigate complex regulatory landscapes. At the forefront of these regulations is data privacy – the European Union’s General Data Protection Regulation (GDPR)...

What You Need to Create Your Delivery Fleet

Sure, it's possible to deliver to your customers using any kind of vehicle, but keep in mind that each part of your business stands to make an impression and affect your budget. While you may want to focus on your products, don't overlook your transport equipment....

What is Customs Clearance?

When it comes to transporting goods from one country to another, customs clearance is mandatory. It has made customs clearance services indispensable in transport and logistics for businesses in international trade. These professionals will help you navigate complex...

How to Manage Corporate Reputation After an Arrest

Being arrested can impact your business reputation in a big way. Even if you are not found guilty, having an arrest incident on Google means anyone who searches for your name or related incidents will find you. This isn't good for your corporate reputation, so you...

Maintenance Issues That Put Your Employees at Risk

As a business owner, it is your responsibility to provide a safe work environment for your employees. One way you can do this is making yourself aware of common hazards and keeping up with regular maintenance. If you address issues early, you can create a safer...

What to Make Sure You Have on Your Commercial Vehicle Insurance

Your commercial vehicle is an asset to your company. It is also an important piece of your business to help move people or products. Having commercial vehicle insurance is required and you want to make sure you have basic liability coverage, roadside assistance, and...

How to Increase Effectiveness Among Your Employees

Whether you’re just hiring your first employees or whether you’ve overseen many employees for years, it is important to make sure that your team is working effectively and successfully. There are many practices that you can implement, as a boss or supervisor, to help...

How to Save Money Over the Long Term with Company Vehicles

Cars cost a lot of money. With the current supply chain shortages caused by the global pandemic, even used cars are surging in price beyond what is reasonable for many people to pay. But if you run a business that requires you to own company vehicles, then regardless...

Starting A Food Manufacturing Business: 5 Things to Consider

Food manufacturers produce a wide variety of goods. Whether it’s everyday products sold in grocery stores or specialty items sold via independent delicatessens, if you’re thinking of going into this industry, there are numerous factors to consider before your...

3 Communication Trends All Food Manufacturers Need to Know About

Effective communication is the basis of any successful business or industry. It allows for efficient teamwork and collaboration, helps identify and prevent problems, and leads to unique and innovative solutions. On the other hand, when it’s lacking, the final product...

How to Start a Small Business: 8 Basic Legal Requirements

Many people would tell you that “In order to succeed, you need to take some risks.” But putting your business legalities on the line isn’t ideal. It might even cost you a fortune to recuperate the loss. Moving into this competitive market without adequate knowledge of...

Does Your Business Need a Surety Bond? Here’s What You Need to Know

What to Know About Surety Bonds for Businesses If you are an entrepreneur or small business owner and have learned you need to purchase a surety bond, you might not fully understand your bonding requirements, the purposes of surety bonds, or how they work. Surety...

Factors That Affect Workplace Safety

What do you consider the most important thing about managing your business workplace? Perhaps you jump right to things like profit and revenue numbers, as the main driving factors behind growth and savings for your business. Or maybe you jump to your branding, instead...

How to Successfully Open for Business Overseas

Expanding any business will always come with exciting challenges and opportunities, but when you are expanding overseas, things can get even more complicated. Operating a business on the international market means understanding the rules of business in various areas...

Departments at Your Business That Could Use a Larger Budget

In order for your business to run successfully, each department needs adequate resources. In many cases, the departments within your business could function much better if they had the right funds. Consider creating a larger budget for these departments. IT Technology...
Areas in Your Office That Need Regular Cleaning

Areas in Your Office That Need Regular Cleaning

A clean office is essential for fostering productivity, boosting morale, and making a good impression on clients and visitors. While you may already have a cleaning routine in place, some areas might need more attention than you realize. Below, we highlight three key...

All Categories

Business Operations

Entrepreneur Interviews

Marketing, Networking, & Social Media

Self Care & Personal Development

Working Moms

Business Software and Technology

Entrepreneurship & Small Business

Organizing Tips

Sales

Career Building

Family Businesses

Inspiration

Starting Your Own Business

Work-Life Balance

Communication

Hiring Help

Management & Leadership

Time Management & Priorities

Women in Leadership

Recent Posts

Remember These Expert Tips to Prepare Your Estate

Remember These Expert Tips to Prepare Your Estate

Keep in mind that making estate plans can go a long way towards helping you safeguard your hard-earned money or even a business that you may have. This includes the investment that you’ve spent on ensuring that your home is comfortable and valuable. One of these is safeguarding your home from the likelihood of having flood problems. This is an important detail, especially given the fact that more than 14.6 million homes across America are at a high risk of some kind of flooding problem, according to iProperty Management.

How Entrepreneurs Can Work Through Periods of Stress

How Entrepreneurs Can Work Through Periods of Stress

Entrepreneurship can be an exhilarating journey, but it often comes with its fair share of stress and challenges. The pressure of running a business can sometimes feel overwhelming, and finding effective ways to navigate through periods of stress is crucial for...

Why Entrepreneurs Get Health Goals Wrong

Why Entrepreneurs Get Health Goals Wrong

The life of an entrepreneur is often glamorized, but behind the success stories and Instagrammable moments, there's a grueling reality that can have significant impacts on one's health. Business leaders face unique challenges in balancing work and well-being. We delve...