Karen's Finance and Money Blog for New Business Owners

When you are an entrepreneur who owns your own business, you rely solely on yourself to save for retirement. You don't have an employer who is going to match your earnings, nor do you have the option of a pension or other employment-related retirement benefits. However, this doesn't mean you can't retire with as much of a nest egg as everyone else; it just takes a little more planning and motivation.

If you have had your home for a while, you might be wondering when would be a good time to refinance. This is an optional process done with your lender that pays off your current loan and starts a brand-new mortgage loan. It can be done to lower your interest rate because your credit has improved or to get some emergency cash by refinancing. Here are some different times when it is good to consider refinancing your mortgage.

As a business owner, you may occasionally be left holding an old unpaid invoice. After a while, you may want to cut your losses and accept less than your client owes you. This is called a settlement, and at times, it can be a strategic part of collecting unpaid bills. Wondering if you should accept a settlement from a client? Here are some signs you should: 1. You have terminated the relationship with that client.

Quantity surveyors are professionals who specialize in the costs associated with construction projects. They may assist company owners with budgets and with projecting the costs of a project, but there are many other ways they can assist in your construction business and with individual projects in particular. If you don't have a quantity surveyor that you work with regularly when it comes to your construction business, note a few ways they can assist and be of benefit to you.

If you run a home tutoring business, it is extremely important for you to have business insurance. Business insurance protects your business against unexpected risks and provides a solid basis for you to grow your business. Here are some of the insurances you should contemplate. Public liability If you are tutoring in your student's home, then their homeowner's public liability doesn't cover you while you are in the course of your business.