Having employees can get expensive. You have to pay all sorts of extra taxes and insurance. We covered the nitty gritty of these extra costs in our how to hire employees article. Independent contractors, on the other hand, are easy. You just pay them for the job. So why don’t… Read More »Contractor vs. Employee: An Explainer for Small Businesses
![Two pieces of paper that are a business's financial reports lay on top of each other. The one on top says Income Statement and partially obscures the other. A pen juts out from the lower left of the photo. The paper on top says Income Statement and has lines for Revenue, Sale revenue, Sales, Cost of goods [sold], and Gross profit.](https://www.misseddetails.com/wp-content/uploads/2023/02/ML0122F-Financial-Reports-Every-Small-Business-Owner-Should-Understand-930x620.jpg)
If you run a business, eventually, someone will ask to see your financial statements. What they mean is they want to see your balance sheet, your income statement, and your cash flow statement. These financial reports are supposed to give you a snapshot of how your business is doing. But,… Read More »Financial Reports Every Small Business Owner Should Understand
Every business needs to keep track of its money. But not every business owner has formal accounting training. Of course, the easiest way to solve this problem is to hire a CPA. But not every small business has the money—or, often, the need—to hire a professional. Modern day accounting software… Read More »Basic Accounting Concepts for Small Business Owners
So, yes, if you live for challenges, you can keep your small business’s books with pen and paper. Or a spreadsheet like Excel. But for the rest of us who prefer an easier life, there’s small business accounting software to help us track our business’s finances. In fact, there are… Read More »Which Small Business Accounting Software Should You Pick?
Every business, no matter the size, has to keep a set of books so they know how much money is coming in and how much is going out. There are two accepted ways to keep track of this money. One is called the cash accounting method. The other is called… Read More »Should a Small Business Use the Cash or Accrual Accounting Method?
When someone hands you a contract, the safe thing to do is to hire a lawyer to review it. But lawyers are expensive. And when you’re a nano, micro, or even a mid-tier influencer, those legal fees might eat up all the money you’ll make from the project. In other… Read More »How to Negotiate an Influencer Contract, for Creators
When most people think of negotiating a contract, they think of settling on a final dollar value. For the most part, they’re right. But there are two things you need to do before you can get to that final value. First, you’ll need to set a base rate. Next, you’ll… Read More »How to Set Your Influencer Rate
In the olden days, artists like Leonardo da Vinci lived on the support of their patrons. And you had to be super rich or super powerful to be a patron. Later on, artists like Beethoven were able to sell concert tickets to make money (but they still had patrons too).… Read More »Best Crowdfunding Platforms for Creators
This article is a part of our series on how to run a creator business. In this group of articles, we look into the various platforms where different types of creators can showcase their work. This article you’re reading focuses on podcasters. We profile a few podcast hosting sites that… Read More »Podcast Hosting Sites That Pay Creators
Gamers who live stream their gameplay have different needs. Well…maybe not all gamers. Those who play strategy games and puzzle games can stream with just a regular connection. But if you play a fast-paced game like a first-person shooter or a driving game, you’ll need a fast connection, picture-in-picture video… Read More »Live Game Streaming Platforms That Pay Creators
