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Small Business Debate: To Increase Employee Wages Or Not To?
Gradually, many cities and states throughout the country have been raising the minimum wage. As such, many small business owners may be faced with an increase in their employees’ wages. The...
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Write Recession Preparation Into Your Small Business Plan
When it comes to business, it pays to hope for the best and prepare for the worst. Although the world has largely recovered from the Great Recession of the late 2000s, it’s not inconceivable for the...
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6 Small Business Grants In Minnesota That Should Be On Your Radar
If you’re thinking of starting a small business in Minnesota, it’s smart to be aware of the many grants available. Minnesota GrantWatch and the Minnesota Department of Employment and Economic...
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3 Key Aspects Of Venture Capital Funding Small Business Owners Should Know
Throughout history, millions of Americans have found wealth and purpose by bringing their innovative ideas to market. However, most burgeoning small business owners lack the resources, assets and...
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Understanding These 3 Small Business Grant Qualifications Can Lead You To...
Small business grants can be an excellent source of funding for entrepreneurs. They can also encourage businesses to bring their best to the forefront in order to be competitive for grant money....
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5 Apps To Help You Manage Your Small Business’s Finances
Small business continues to have a significant impact on the changing face of the American economy and the way we do business. Small businesses account for 54 percent of all U.S. sales, according to...
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How To Know If It’s Time To Sell Your Small Business
There comes a time in the lifespan of many small businesses when you must think about the next steps. Do you continue investing your time and money, do you walk away or do you try to sell? If you’ve...
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3 Key Factors To Consider When Determining Wage Increases For Your Small...
According to a 2016 Entrepreneur article, the average profit margin for a small business from 2014 to 2015, regardless of industry, had a profit margin of 7.2 percent. With margins that tight, small...
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How To Start A Rainy Day Fund For Your Small Business
A large cause of stress for many entrepreneurs is finances. When growing a business, daily expenses can put strains on capital, to the point where there may not be enough money to handle emergencies,...
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Take Advantage Of These 6 Little-Known Tax Deductions For Your Small Business
Tax season can bring on frantic times as you carefully get all the necessary paperwork filed, especially when owning a small business. Not only are there income taxes to be filed, but also plenty of...
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How To Determine Your Small Business’s Valuation
Valuation is one of the most important aspects for small business owners looking to sell or get the full picture of their company, and yet, it’s also one of the most confusing. Many small business...
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How Much Of Your Small Business Should You Offer To Investors?
When seeking funding, many founders look to the world of equity financing. After all, there are many advantages to selling off percentages of a company for capital. For example, angel investors and...
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Lucky Strike: Top L.A. Photographer Hits Home Run With New Business Idea
Since 1984, Los Angeles resident Brian Davis has weathered the storm of an up-and-down economy to make a living as a professional freelance photographer. His diverse slate of multi-faceted clients,...
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Half Of Middle-Income Earners Worry Once A Week About Money
MINNEAPOLIS (WCCO) – Middle-income Americans are anxious about their finances, with half of them worrying at least once a week about money. A newly released MassMutual study says that 48 percent of...
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3 Common Tax Mistakes Small Businesses Make & How To Avoid Them
Entrepreneurs and small business owners wear many hats running a company, but doing so could leave you open to mistakes, particularly when filing and paying taxes. Inadvertently failing to comply...
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Hidden Money: 4 Lesser Known Tax Credits For Small Businesses
If you run a small business, you’ll want to get every tax break you can legitimately claim. The Small Business Administration and the Internal Revenue Service highlight some of the frequently asked...
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4 Record-Keeping Tips That Will Save Your Small Business Money Come Tax Time
Because today’s small businesses have to compete on a global scale, it’s imperative that they do everything they can to optimize profitability and minimize risk. To that end, owners should maintain...
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Get A Small Business Started With A Small Budget
Many people dream about owning their own business. Being in charge of one’s destiny is a worthwhile and often rewarding goal. However, no matter how determined an individual might be, there is always...
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Customer Transactions: 5 Digital Payment Options For Your Small Business
With online transactions and paperless billing being standard, today’s small business owners are almost required to accept digital payments. Luckily today’s digital transaction industry is filled...
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How To Invest Your Way To Business Growth
Who hasn’t heard of the get rich quick line? Unfortunately, very few times in life do these get rich ideas come to fruition. The truth is that the majority of time the way to gain wealth is by...
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L.A. Financial Advisor On How To Control Your Company Cash Flow
For most small business owners, cash flow is constantly in the front of their mind. It is necessary to operate a business, but with a small ratio of debt to income, it may not always be possible to...
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Tax Deductions: What Expenses Can You Deduct For Your Small Business?
Running a small business is not easy, but it is well worth it when the business is garnering a profit. Knowing what business expenses you can deduct is imperative, and it is always a wise idea to...
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How To Stick To Your Budget In The Age Of Digital Payments
MINNEAPOLIS (WCCO) — Advances in technology and apps has made it easier than ever to swipe and pay. With that ease comes with an increased chance of breaking your budget. Financial adviser Justin...
View ArticleExperts Say Market Milestone A Good Time To Rebalance Your 401(k)
MINNEAPOLIS (WCCO) — If you’re like the majority of working Americans, you likely have an employer-sponsored 401(k) retirement account. 401(k)’s have largely replaced the conventionally defined benefit...
View ArticleReport: Most Americans Not Prepared For $1K Unexpected Expense
MINNEAPOLIS (WCCO) — We’ve heard this one before, and it continues to appear to be true: many Americans are not financially prepared for an emergency. A new survey by Bankrate shows that about a third...
View ArticleEconomic Planning: 5 Ways To Prepare For A Downturn
With the economic collapse of 2008 fading from our rearview mirror, we’re left having learned some hard lessons. However, are you prepared for a less dramatic, yet considerable significant personal...
View ArticleHow To Get Paid On Time, Every Time
In an ideal situation, your business is contracted to do a job, the job gets done, and payment arrives on time. Unfortunately, this isn’t always the case, especially for contractors, freelancers or...
View ArticleMoney Not Only Motivator: Learn To Barter To Help Gain Resources For Your...
Before the notion of buying and selling, there was the concept of bartering. With so much financial uncertainty looming over the country for the past decade, many businesses have turned again to...
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How One Family Followed 4 Steps To Dig Out Of $142K In Debt
MINNEAPOLIS (WCCO) — Surveys show more than half of us are living paycheck to paycheck, but money experts say it’s possible to get off the financial ledge in the New Year by following four simple...
View ArticleTake Hidden Costs Into Account When Budgeting For Your Business
A cash flow crunch can kill a growing business before it has had time to establish roots. Meeting unplanned expenses by taking on debt can put your enterprise into a downward spiral of loan payments...
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When It Comes to Entrepreneurship, 40 is the New 20. In Fact, It Always Was
By Carl Schramm This original essay, by Carl Schramm, coincides with his new book, “Burn the Business Plan” published by Simon & Schuster. If I asked you to describe the prototypical successful...
View Article3 Tips To Pitching Potential Investors With Style
If you’re an entrepreneur pitching your business to a potential investor, it can be an intimidating process particularly if you’ve already received a lot of rejection from other investor prospects....
View ArticleExperts Say Short-Term Goals The Key To Saving For Retirement
MINNEAPOLIS (WCCO) — Most people need more than $1 million saved up for retirement, while the average American only has about one-tenth of that in savings, according to Hamline University finance...
View ArticleEagle Brook Offers Financial Planning With Bible-Inspired Program
MINNEAPOLIS (WCCO) – With the average household debt in the United States being $137,000, thousands of Minnesotans are using their faith to tackle their financial issues. Eagle Brook, the largest...
View ArticleRetirement, Loans, Bills: Rosemount Math Class Stresses Real-Life Financial...
MINNEAPOLIS (WCCO) — Calculus, algebra, geometry. Chances are many of us might not remember much about high school math. But WCCO found one class in Rosemount where the lessons are paying off. “Your...
View ArticleSurvey: Many Parents Fail To Prepare Children For Financial Realities
MINNEAPOLIS (WCCO) — A recent study finds that many parents don’t teach their children enough about money or the financial realities of independent living. The survey from the National Financial...
View ArticleCosts Of College: What Parents Should Consider While Looking At Schools
MINNEAPOLIS (WCCO) — The Federal Student Loan Rate dropped by half a percentage point on July 1, down to 4.53%. Experts say that makes taking loans out for college a little less expensive, and should...
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Married At 26? Parents By 27? Survey Reveals Most Common Milestone Goals
People think their "forever home" should be attained by at 37. And retirement should ideally happen at 63.
View ArticleNow Is A Good Time To Consider Refinancing
MINNEAPOLIS (WCCO) — An estimated 10.2 million Americans can benefit from refinancing their mortgage, according to professionals at First Class Mortgage in Maple Grove. The trade war with China and...
View Article5 Ways To Make Lasting Financial Change
Jeff Wagner talked with Mike Kojonen with Principal Preservation Services about setting financial goals and more money tips (4:05). WCCO 4 News at 10 — Sept. 14, 2019
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