8 Benefits of a Food Journal

A food journal is simply a way to keep track of everything you consume. This would include everything you eat during meals, snacks, drinks, and everything else. You also track the portion size within the journal. There are a number of mobile apps available to help you with this, or you can do it with pen and paper. Either way, these journals have a multitude of incredible benefits. Here are 8 of the most common benefits to keeping a food journal.

Weight Loss – Those who use a food journal generally find better success in losing weight. This shouldn’t come as much of a surprise – keeping a journal keeps a firm record of every calorie eaten while also helping to find unhealthy trends (like …

5 Ways to Maximize a Staycation

Working a little too many hours, well it’s time for a break. Think about something like a “Staycation” . When we think of vacationing, we usually think or warm beaches, exotic locales, or incredible theme parks. We don’t think of staying home as anything but a chance to catch up on errands and home projects. But if a staycation is all the budget affords right now, here are 5 tips to maximize that staycation to help you feel like you had a great vacation.

Buy the Right Food – Half the fun of a vacation is the food (or drinks) you enjoy during it. If you associate vacation with tropical drinks, then buy the mixes and make them at home. If you associate it with …

10 Tips for Selling a Business

Many small business owners dream of selling their idea one day for a large sum, which they can then use to build other businesses or simply enjoy retirement. But when the time actually comes to sell their business, many small business owners find themselves overwhelmed. For most, selling their business is completely outside of the normal types of transactions they would normally partake in. Further, they are not sure of how to proceed or who to contact for help. If you are in this situation or are seriously considering selling your business, here are 10 tips to help you get the best price with the fewest headaches.

Prepare Early – If you’re already looking for a buyer, it’s too late for this, but if you’ve …

4 Important Business Partners who Don’t Need Equity

Most small business owners will reach a point where they need to decide between taking on a partner by giving up equity, or gain whatever that individual has through debt or a large salary. This can happen when a business grows too fast and needs money to fill orders, when a new revenue avenue is opened up and someone with a specific skillset is needed, or when the business owner decides to bring in someone else to help with the business side of running the business. In any of these instances, the small business owners will run into someone who will offer their services or money in exchange for equity. Unfortunately, this can be a costly proposition in the long run. As such, many small …

Here’s Something You Don’t Think About Everyday!

Most people will go through their lives having never taken a professional headshot. Most equate headshots with Hollywood and see no real reason to have one. And for most, that’s perfectly fine. For small business owners, however, you are the face of your organization and having a professional photo available on your website and social media pages can be important.

First and foremost, people work with people they trust. Having a picture of yourself on your website lets customers know who you are, and can help them to feel more comfortable with your company. Second, the headshot can help portray something about your company that you may not otherwise be able to put into words. It will show that you are serious and your company …

The 5 C’s of Credit for Small Business Owners

For many small business owners, credit will make or break their long-term success. Borrowing in lean months, during expansions, or early on when still building the company can keep the business moving forward when the revenue is not yet there. Then, when things pick up, paying off that debt can allow for greater freedom. But in order to get credit, especially as a new business, you need to understand the 5 C’s of credit, so that you understand what a lender is looking for from you. Otherwise, you might get overcharged in your rate or be completely excluded from lending, and either of those can quickly bankrupt a business.

Capital – Most lenders want to see cash in reserves before they will even consider lending. …

How To Value A Business

For many small business owners, the end game of starting the business is to sell it. This sale, they hope, will allow them to live comfortably in retirement and allow them to step away from work altogether. As such, many do not create retirement plans, are willing to leverage assets like homes, vehicles, or cash savings, and put every dollar earned back into the business. For some, the exit strategy is in 5 years, and for others, it is 40. Still, others even plan to sell the business to a relative. But no matter the succession plan for the business, when that time finally comes, these business owners much some up with a value for the business.

Unfortunately, valuing a business can be harder than …

Monetizing A Hobby

Everybody has a hobby. Whether collecting coins, watching TV, fixing cars, or people watching, we all do something to pass the time. And most would love to find a way to turn that hobby into a source of income. Unfortunately, the path to an income from a hobby can be hard to see, depending upon the hobby. But whether you want to create a full-time income or just a small subsidy, there are certain steps you can take to help get you there.

Find a Success Story

If you can find someone else who has done it, you can find a blueprint on how to do it, yourself. Some hobbies will be easier to find that blueprint – but anything you enjoy doing, someone has …