How To Be Financially Stable In Your Twenties And Early Thirties
If you’re a business owner, the chances are you know how challenging it can be sometimes to stay motivated when it comes to progressing your business. With so many different things on your mind, it’s easy to forget why you started and what it is you want to achieve. While some business owners lose their... Continue Reading →
More millennials are setting up their own businesses or working as freelancers instead of settling for traditional employment. It’s a fact that around 66% of millennials hope to start their own business one day, with many never working as an employee. This is fantastic. Starting a business is great for you. It means that you... Continue Reading →
Every business owner and every company are looking for ways to save money. No matter what business you’re running, the more you save on your bottom line, the better off you’ll be. However, after the day-to-day activities have been audited, it isn’t always easy to think of creative ways to save your business money. The... Continue Reading →
If you ask your parents about financial stability, they most likely achieved it with the job they worked for several years, in many cases, decenniums. There was a time when a job allowed you to live comfortably and save and plan for retirement. In many households, only one decent income was sufficient. Times have changed.... Continue Reading →
There are many different techniques for those who are wondering how to grow a small business, however, for most owners, it starts with the basics: finances. After all, if you do not manage your finances efficiently, the road to success might be endangered with more huddles than needed. With that being said, below we are... Continue Reading →
In many ways, it's something that's been relegated to the past. That notion of door-to-door sales is almost as old as the hills. Nowadays, the impact an online business can make trumps the door-to-door approach, not just from the perspective of the customers (because they're not being hassled), but it's easier for us as we... Continue Reading →
Running a business, small, medium or large, is no easy task. It takes an exceptional person to break the walls of employment to business ownership. Between dealing with clients, marketing your products and services, running your taskforce, and also making sure that your business is profitable, it gets hectic very easily. Over the year, legality... Continue Reading →
At Money-Smart Millennials, we focus and encourage self-employment and freelancing. It is no longer a trend in today’s economy, it is a need. However, I hope your goal is not to stay a ‘side hustle’. Businesses should grow and yours should too. Entrepreneurs who are starting out take a lot if not all the tasks... Continue Reading →
In one of the previous articles related to business, we discussed how to get ready to launch your start-up business. I received a lot of feedback and interest on the subject and the discussions led to looking into the future of a start-up. When launching a business, it is obviously important to strategize but it... Continue Reading →
Let’s revisit the topic of Start-Ups again. I love going to networking events in Washington DC because every time, I am encouraged by the energy produced by so many young entrepreneurs. Hearing from millennials working their 9 to 5 then spending hours in the evening, grinding and doing everything they can to have a shot... Continue Reading →
With so many options for how and where we work, more and more people are starting home based businesses every day. In fact, 3 out of 4 business are started in a home setting. If you haven’t already made the leap, perhaps you have already been thinking about running a business from home. It might... Continue Reading →
You’ve probably heard that most startup business fail before they even experience any success. According to study, 8 out 10 enterprises will crash within two years. Needless to say, being an entrepreneur is rather more difficult than being an employee. Yet, more millennials are embarking on the journey of entrepreneurship than any other generation before... Continue Reading →
When you run a business, whether a startup or an established one, you are constantly working. In fact, business owners tend to put in twice the number of hours and effort the average employee does. As much as I encourage entrepreneurship, it is crucial to remember that considering the amount of work involved, it is... Continue Reading →
Over the past several months, I’ve taken you on a journey to meet millennials who have broken the barrier of business ownership. From writer to non-profit owner, we have picked their brains. The goal is to get you to understand their mindset and their drive. What is the attitude of a millennial entrepreneur? What makes... Continue Reading →
Last year when I published Money-Smart Millennials, I was working as a licensed banker. My experience working and helping my clients, particularly millennials, achieve financial stability in that environment was a major contributor to the content of the book. In the book, I’ve shared real-life stories of my clients who were able to improve their... Continue Reading →
About 10 years ago, I learned a simple financial principle that revolutionized the way I think about creating income. You see, our education system teaches income generation through an active method: you do the work and you get paid for it. The concept of a passive or ongoing income may be touched on for those... Continue Reading →
In 2005, a survey conducted by Small Business Trends revealed that small businesses acquire 85% of their customers through referrals. That survey took place 12 years ago but I can guarantee you that businesses still expand heavily by word of mouth, regardless of the platform. Any number of ads would not have the same impact... Continue Reading →
Investopedia defines networking as a ‘process that fosters the exchange of information and ideas among individuals or groups that share common interests. Networking may fall into one of two categories: social or business.’ In addition to being a process, I believe networking is also an art. There are people who never manage to learn networking... Continue Reading →
This past fall, I met Chase, a millennial entrepreneur who launched his staffing company in Montgomery County, MD. Our paths crossed when Chase applied for a business loan to cover his business accounts payable while he was getting the company established. I worked with Chase during this process and got to know him better.... Continue Reading →
Money-Smart Millennials 