Whether or not one makes enough money depends on how much money is enough. 57.7% of freelancer respondents to a recent CreditDonkey.com survey said they are not making enough money to sustain the type of life they want to live.
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| Financial Tips for Small Business OwnersVeteran-Owned Businesses Are on Active DutyWhat do small business owners need to succeed? Among other things, they must have discipline, leadership abilities, and determination. So it’s not surprising that veterans, who’ve spent their time in the military honing those skills, are more likely than the general population to become business owners. Asian-Owned Businesses: A Thriving Segment of the U.S. EconomyFrom corner grocery stores to major companies, Asian-American entrepreneurs are helping to make the U.S. thrive. Asian-owned businesses based in the United States employ millions of people and pump billions of dollars into the nation’s economy each year. Infographic: Increase Customer Satisfaction and Make Customers HappyMore than half of small businesses fail within the first five years, according to the Small Business Administration. Make customers happy and beat those odds. Study: Industries with Low Barriers to EntryBarriers to entry are an important consideration for entrepreneurs entering a market. Among the most significant challenges for a new business are startup costs, government red tape, challenges around hiring employees, and competition from more established companies that have an existing customer base. Immigrant Entrepreneurs: Drive the EconomyThey may be small in number, but immigrants are starting businesses at a higher rate than entrepreneurs who were born in the United States. Recent data from the SBA and Census Bureau shows a 0.62% rate of business formation among immigrants, compared to a 0.28% rate for non-immigrants. Moreover, immigrants are making inroads in other ways toward establishing solid futures in the U.S. They also lead the way when it comes to higher education – despite the fact that immigrants make up just 12 ... Portrait of a FreelancerMany people assume that the growing workforce of freelance workers is primarily made up of stay-at-home moms who are either trying to maintain their professional skills or supplement their growing family’s income. We think of a young woman working away at the computer while the kids quietly color (or tear apart the playroom). Study: Best Cities to Start a BusinessStarting a business is a tough task no matter where you are, but some cities are more startup friendly than others. Choosing one of the cities below as the location for your business won’t guarantee success, but it will give you better access to the resources that any successful business requires. Is Credit Card Interest Tax Deductible?In one word: yes. In more than one word: yes, but only for business expenses. Black Businesses Are on an Upward TrendOf all the minority groups, African-American owned businesses posted the most gains in the early 2000s. Our new infographic explores the gains the black community achieved, as well as some tips on how those who own small businesses can continue the trend of upward growth. Survey: Many Freelancers Are Making Basic Financial MistakesNearly 70 percent of freelancers claim to have the financial expertise needed to successfully run a business, according to a recent poll by credit-card comparison site CreditDonkey.com. However, their responses to several key questions seem to contradict this assertion, suggesting that many independent contractors are making basic mistakes when it comes to managing their company’s finances. Business Card Deal
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