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Starting a small business is no small decision. But despite the countless sacrifices and challenges small business owners face, an overwhelming 84 percent of small business owners would do it all over again. If you’re thinking about taking the plunge and starting a business of your own, there are some key steps you need to take first.
You get a call, email, or letter from the federal government saying you are the winner of a free U.S. grant. All you have to do is pay a processing fee to receive the money. How do you know if the offer is legitimate or a scam? Here are five ways to spot a grant scam: 1. Did you apply for a grant? Legitimate grants do not show up at your door as a surprise — you have to apply for them.
Creating a balance sheet can be a challenging task for small business owners. Especially if you’re not schooled in finance and do not fully understand the ins and outs of financial statements, you may feel uncertain at first. In this post, I’ll cover what a balance sheet is, how it benefits your business, and the important sections you need to include. Let’s get started.