Taking the leap into entrepreneurship is one of the most rewarding things you can do, but it's not all rainbows and butterflies. Running a business comes with its fair share of challenges. One of which is understanding all the business jargon that gets thrown around. Learning the ropes of business vocabulary can feel like a major vocabulary lesson, but we've put together the following list of terms to help you out along the way.Limited Liability Company Designation A limited liability company (LLC) is a
As a small business owner in McLean County, Illinois, it's important to keep a close eye on your cash flow. After all, even a slight dip in revenue can put your entire operation at risk. Fortunately, there are a number of things you can do to maintain a healthy cash flow. From keeping accurate financial records to revisiting your business strategy on a regular basis, here are some tips to help keep your finances in good shape.Keeping an Eye on Financial Records One of the most important things you can do
For many people, the American dream is the chance to start your own business and make your genius product idea a reality. While it is an awesome goal, many hopefuls cut their dreams short because they are afraid they might fail, either because they don’t have the necessary business sense or worry their idea isn’t good enough. While those are reasonable fears, there are many tactics that you can try to find success and put your mind at ease. Here are some tips for how you can get past your fears and start