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You need money to make money, the saying goes. Whether it’s a bank loan, investment, self-funding or reinvesting profits, knowing where to find cash is critical for small business owners, especially those that are just starting out or are dealing with narrow operating margins. One particularly enticing form of funding is a small business grant. […]
Tariffs are here in a big way. How prepared is your business? The April 2 announcement that the United States was implementing massive tariffs on 60 countries promised to fundamentally remake global trade. And even with the president putting a 90-day pause on many of the tariffs, an eye-popping 145 percent tariff rate on China […]
Did you know that 30 percent of businesses close by their second year? Business failures happen for a variety of reasons, but one of the most common is that owners simply run out of cash. And while some business ideas just don’t pan out, many times better planning could have kept the business open […]
Budgets and Forecasts are vital components that inform your business planning and strategy. Learn about the key differences and how to use each effectively.
Buying a business can provide the benefits of entrepreneurship without the pain of starting from scratch. Learn how one entrepreneur followed 8 steps to make it work.
It’s tempting to hand the work over to AI tools when writing a business plan for a bank loan. But relying on AI too much carries these risks.
Nurses are experts at multitasking under pressure, juggling patient care and medication management with administrative work. Those same skills can be put to use in numerous side hustles.
The legal field requires sharp analysis, clear communication and an ability to negotiate. These skills can also be used in numerous side hustles for lawyers.
As a leader in business planning insights and innovation, the LivePlan team has been closely following AI developments and their implications for entrepreneurs and small business owners.
To give the best advice possible, advisors must help small business owners look into the future through their financials. That’s where financial forecasting comes into play.