Money talks
Earn more, spend more, save more, give more and enjoy more of it in Q3.
Time is money. Money is power. Money makes the world go round. Take the money and run. There is no shortage of campy aphorisms when it comes to the almighty dollar.
For small businesses, the importance of money cannot be overstated. According to the Bureau of Labor Statistics, a whopping 65 percent of businesses fail in their first 10 years. The biggest reason behind those failures? Not burnout or workforce issues; it’s low cash flow. Money may not be able to buy happiness, but without it, a business hasn’t got much at all.
In this issue, we examine all facets of money and how it impacts small businesses here in the Lowcountry. Local experts share their knowledge and secrets for earning more, spending more, saving more, giving more and enjoying more for yourself and your team in Q3.
Learn what you need to know about purchasing an existing company, selling a business, writing a perfect business plan, choosing the right financial partner, taking out business loans, improving your ROMI and investing in today’s volatile market.
Discover the five biggest money mistakes new business owners make and learn how to avoid them. Weigh the pros and cons of employees versus freelancers. Educate yourself on Bitcoin and cryptocurrency and how you can use them to your advantage.
Protect your money and investments by better understanding immigration laws and cybersecurity. Find tips for divorcing a business partner and be inspired by three locals who make giving back part of why they are in business.
We appreciate the overwhelming support we received for our first two issues of 2021. We used the same informational and fun recipe to build this Q3 issue. We know our business-minded readers want practical and tactical information they can act on now, and we hope this installment focused on finances delivers.
We hope you keep LOCAL Biz on your desk and refer to it often. Use sticky notes, fold down corners and tear out pages. That’s how important and helpful we hope the information herein is. Send your feedback to info@localbizsc.com.
Lance Hanlin
Editor-in-Chief
