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Finance

Advice
What should I know about a company before I buy shares?
QUESTION | BY Jahangeer Shams | 6 ANSWERS | LAST ACTIVITY ON 09/03/15

I'm a software engineer. I want to buy shares of a company. How should I select a company to buy shares in? What do I need to know about the company first? How many shares should I invest and what...

Advice
My friend and I are planning to spend a year on a motorcycle traveling throughout the world. Do you think I could get sponsors?
QUESTION | BY Julian canan Borquez castillo | 4 ANSWERS | LAST ACTIVITY ON 08/17/15

We would like to find sponsors on cellphones, equipment and motorcycles to do a road trip throughout the whole world. We would film, blog and publicize everything. So what would be the best way to...

Advice
I need funding for my business, but don't have a lot of collateral. Any suggestions?
QUESTION | BY Jessie Brown | 3 ANSWERS | LAST ACTIVITY ON 08/16/15

I'm a 27 veteran of the Real Estate Business and presently operating out of my home. I previously owned a Real Estate Franchise and felt overwhelmed with the overhead. This time I decided to start...

Advice
Do investors prefer a simplified or detailed business plan?
QUESTION | BY Amber Pleiss | 10 ANSWERS | LAST ACTIVITY ON 08/10/15

What type of business plan should be used when working with investors and raising startup capital? I have a simplified plan with 1, 3, and 5 year goals. My company is a new start up in Tech industry...

Advice
How can I get an MVP before a Kickstarter campaign is funded?
QUESTION | BY Enzo Silva | 8 ANSWERS | LAST ACTIVITY ON 07/26/15

I have an approved Kickstarter campaign for a learning community, once I publish, what are the best ways to get funding and securing developers and designer? Ideally I'd have an MVP before publishing...

Advice
What are the best practices for maintaining books and records?
QUESTION | BY Bryan C. | 14 ANSWERS | LAST ACTIVITY ON 07/06/15

I have been working on a startup on the side and am incurring expenses. I have not set up any accounting software or record books and realize I need to start. I don't have a lot of expenses so...

Advice
Can gambling losses be deducted on a tax return?
QUESTION | BY irina butorina | 6 ANSWERS | LAST ACTIVITY ON 06/26/15

What are the rules for deducting gambling losses and what receipts or documents do I need to support any losses? Also, what out of pocket expenses can I deduct? I am only interested in the rules for...

Advice
How do I "break out" of Pro-Bono work.?
QUESTION | BY Emily Wheare | 14 ANSWERS | LAST ACTIVITY ON 06/24/15

I am looking to get my freelance business off the ground. I've registered myself as a freelance writer but I keep getting asked to do pro-bono work. How do I "break" out of this and start being a...

Advice
How is a retainer used in social media?
QUESTION | BY Alea Orr | 5 ANSWERS | LAST ACTIVITY ON 05/14/15

I've gone through periods where I've charged clients retainers but I've stopped recently because I am unsure how to allocate the funds of a retainer. Do you charge a retainer and if so, how do you...

Advice
How do you report partial payments on a cash accounting basis for income taxes?
QUESTION | BY Adam Jones | 4 ANSWERS | LAST ACTIVITY ON 04/29/15

So, I'm working with WaveApps.com which is based on accrual, but I'm running on cash basis. I ran into a question of, if I have a partial payment but I never get paid for the rest, when does it count...

Advice
How broad can you make a business as an LLC to capture all of your side businesses?
QUESTION | BY Adam Jones | 3 ANSWERS | LAST ACTIVITY ON 04/06/15

I run a few different websites and I try to keep things consolidated under one business name/account with the Department of Revenue. The real question is, can I make a "brand" that my websites,...

Advice
How can I keep accounting/books neat and in order without taking up too much time?
QUESTION | BY vinny accardi | 13 ANSWERS | LAST ACTIVITY ON 04/01/15

Looking for some easy and simplified bookkeeping tips. I have limited time to spend in the office and keeping track of everything has been time consuming.

Advice
How can I get paid more promptly?
QUESTION | BY Amara Rose | 17 ANSWERS | LAST ACTIVITY ON 03/17/15

Hi Community ~ I have a client who is a notoriously late payer, always with a "good excuse." The challenge is, I work with the CEO of a startup that is part of a much larger entity, and the CFO...

Advice
How do I accept donations as an LLC versus a non-profit?
QUESTION | BY Pamela Lozoff | 3 ANSWERS | LAST ACTIVITY ON 03/03/15

I'm partnering with yoga studios to garner funding for my programs at youth sites. The funding will be received as a donation i.e. fund a class for youth by paying for a yoga class. I'm not sure how...

Advice
When is CAGR important to marketing?
QUESTION | BY Gerald Richards | 3 ANSWERS | LAST ACTIVITY ON 02/13/15

I am delivering a financial program to the marketing department for a client. The financial accountant wanted CAGR included in the program, which I did. While both the financial accountant and I can...

Advice
How much should I expect to pay for a financial planner?
QUESTION | BY Scott W Johnson | 15 ANSWERS | LAST ACTIVITY ON 02/04/15

How much should I expect to pay for a financial planning service or expert? I am not interested in someone to manage my money, only to draw up a plan for me. Thank You

Advice
What is the best way to value a start up?
QUESTION | BY Sunoop Balaraman | 16 ANSWERS | LAST ACTIVITY ON 01/14/15

What is the multiplier being used on gross revenue for Ecommerce companies to help me find the best way to value a start up. I.e. if a company is generating a gross revenue of $50,000, then what...

Advice
What type of expert would I hire to help with business projections and/or business plan?
QUESTION | BY Rachel Avery Conley | 23 ANSWERS | LAST ACTIVITY ON 12/19/14

I have a start up business offering blogging services to photographers and creative professionals - http://fotoskribe.com/ - The business started quickly and is growing fast, but I want to put some...

Advice
What invoicing program can you recommend?
QUESTION | BY Stan Radomski | 12 ANSWERS | LAST ACTIVITY ON 12/06/14

What invoicing programs can you recommend that are cheap, but still look professional? I am currently consulting and need a way to bill my client. I have used Aynax in the past but my monthly trial...

Advice
In an LLC can you do your own accounting, or do you have to use a CPA such as in a corporation?
QUESTION | BY Joseph Lypowy | 6 ANSWERS | LAST ACTIVITY ON 10/02/14

I have been considering converting to a LLC from sole proprietor, and want to know if I have to use an accountant. I have bee doing my own accounting for since I started in 1977.