For the love of your business

Articles to LIFT Your Life and Business

How to Pay Yourself as the Owner of an LLC

One of the most exciting parts of owning a business is that you get to pay yourself. No longer forced to rely on someone else’s leadership to keep your company running or their good graces to pay you what you want or need, you get to decide how much you earn, how much you work, […]

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Scared To Take the EIDL Money and Use It Wisely?

A couple of weeks ago, I covered making the choice to accept Emergency Injury Disaster Loan (EIDL) money, and got into some of the nuts and bolts of what that might mean for your business. If you’ve been offered EIDL money, you might still be on the fence about it. Maybe you’re scared that, if […]

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Should You Take The Loan Offer from the EIDL?

You may have opened your inbox in the last couple of weeks to discover an email from the Small Business Administration (SBA), finally offering you Economic Injury Disaster Loan (EIDL) money you applied for a couple of months ago. Many business owners just like you jumped at the opportunity to get money from the EIDL […]

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Is It The Right Time For You To Consider Bankruptcy For Your Business?

Coronavirus has forced many business owners to face the tough decision of whether to persevere and keep their business going, or to close it all down and walk away. If you are asking yourself this question right now, here are some things to consider before going down the bankruptcy road. First, bankruptcy is a valid […]

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PPP Loan Forgiveness and Tax Consequences

Now that many business owners are starting to see Paycheck Protection Program (PPP) approvals and funds hit their bank accounts, you may be wondering how to ensure the loan is forgiven and what the tax consequences will be. We’ve got some of your answers. First of all, let’s talk taxes. Last week, some business owners […]

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Take Control of Your Investments Now

Last week, we shared that the  CARES Act makes it possible for you to access money in your retirement account now to keep your business afloat without taxes or penalties. If you missed it, you can go back and read that article here. In that article, I  said that this could be a good time […]

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Another Way to Fund Your Business through the CARES Act

You may have heard the news that there have been 3 million applications for SBA loans through the recent CARES Act, to the point that the act has reached its funding limit of $349 billion. As a business owner who may have applied for the $10,000 EIDL grant only to later find it is actually […]

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How To Use Your Stimulus Money For Your Business

If you have not yet applied for your stimulus money, please read this article that I shared last week and get on that right away. As an update, some of what we are hearing is that Paycheck Protection Program (PPP) applications are being processed and banks are asking for the information to make loans under that […]

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How To Get Access To COVID Stimulus Money as a Business Owner

First and foremost, before I get into anything else today: if you have not already done so, and assuming you are reading this because you are a business owner, complete your application to get your $10,000 Economic Injury Disaster GRANT Money, now. Here’s the link, and I share more details about it below: https://covid19relief.sba.gov/ Okay, […]

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The Most Important Legal and Financial Actions To Take Right Now

Owning a business is challenging even in the best of times. Add a global pandemic, the likes of which we have never seen in our lifetime, and it becomes much more overwhelming. Often, business owners try to compensate for shortcomings in their business by bringing in more and more revenue. For many people, however, business […]

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5 Ways Startups Can Improve Cash-Flow Management

Although cash is the lifeblood that sustains every business, far too many entrepreneurs don’t have a proper handle on their cash flow. And this is despite the fact that statistics consistently show that running out of money is one of the primary reasons startups fold. Trying to run a business without meticulously managing your cash […]

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