What is passive income and what is residual income? The difference between residual and passive income depends on the industry in which these terms are being discussed. In an online business environment, the two terms are used interchangeably. In this environment, the terms typically... Continue
When American Express announced its very first Small Business Saturday back in 2010, I, for one, didn't think much of it. As usual, I was wrong. You can't blame me for being skeptical. The idea was just a marketing campaign at the beginning. There was a recession going on and... Continue
If your business needs to borrow money, you’re not alone. In 2015, small businesses borrowed a total of $593 billion. However, not all businesses look to traditional lending options like banks for financial support. In fact, there are countless other... Continue
Every small business has its challenging personalities: The "yeller" is someone in your office who talks loudly and tends to distract and annoy others. The "loafer" is the person who's known for goofing off. The "meddler" is the nosy gossiper who sticks their nose into people's... Continue
As a small business owner, you're likely more concerned with cash flow, sales, and managing employees than getting sued. However, the reality is that small business owners will face the threat of a lawsuit at least once over the life of their... Continue
One of the things that perplexes me is why every business doesn't send a regular email newsletter. Do you send one? I don't care how boring your business is — and, trust me, many of my clients sell some boring products and services, just as my... Continue
