entrepreneurs
While the buildup to selling your company is a flurry of activity where you’re rarely left alone, the aftermath is entirely different — you’re left to deal with proceeds, taxes, and budgeting on your own. How do you adjust to your new financial and emotional reality after exiting your business? Address These Post-Sale Financial ConsiderationsFirst things first: Before doing anything else, you should address a few post-sale financial considerations. Understanding their potential impact makes budgeting and investing easier. Capital Gains TaxesYou pay a long-term capital gains tax on profits from...
Due
For many immigrants facing language barriers and limited work opportunities, ride sharing platforms like Uber and Lyft offer a precious chance to earn a living. Are you considering a side hustle with flexible hours but worried about the future of ride sharing? Uber, a transportation giant since 2009, might still be the answer. In addition to offering the flexibility of being your boss, becoming an Uber driver in 2024 lets you control your schedule. But with the potential rise of self-driving cars, is it still worthwhile? You must understand nine key things before hitting the road as an Uber dr...
IBTimes
Elon Musk, the CEO of Tesla and SpaceX, is a figure known for his controversial statements and actions. Despite this reputation, he maintains a daily routine that might surprise you. One such habit is a stubborn one he's trying to conquer. This habit is a big revelation as it points out that Musk, despite his achievements and portfolio, is just like the rest of us. The habit: Checking his phone first thing in the morning. In a 2022 interview on the Full Send Podcast, Musk acknowledged struggling to keep himself from checking his phone first thing in the morning. He even called it 'a terrible h...
IBTimes
A recently released transcript revealed Jeff Bezos, founder of Amazon, was grilled by the Federal Trade Commission (FTC) over his use of Signal, an encrypted messaging app with a disappearing message feature. Last week, the FTC filed a new complaint, including a previously unreported transcript of Bezos' testimony. The complaint accuses Bezos and other top Amazon executives of using Signal to destroy evidence in the ongoing antitrust lawsuit against the company. The FTC's court filing alleges that Amazon executives continued deleting Signal messages after a 2019 request to preserve relevant do...
IBTimes
Frida, a company specializing in prenatal and postnatal care products for new parents, has recently made headlines due to its innovative approach to addressing censorship and promoting women's health. The company's CEO, Chelsea Hirschhorn, has been vocal about the challenges faced in advertising their products through traditional channels such as TV networks and social media platforms. The focal point of Frida's recent attention has been its perineum massager, a device designed to stretch the area between the vagina and the rectum during pregnancy. Despite its potential benefits for expectant ...
IBTimes
"I grew up in a very chaotic family," said Sampriti Bhattacharyya, the leader of maritime tech company Navier. "I did not grow up close to my parents, so I became very introverted in many ways." Growing up in Kolkata, India, at just 12 years old, Bhattacharyya became fascinated by space."Watching the Apollo Mission to the Moon had a profound impact on me. The idea that humans can actually go outside of this planetary body and go somewhere, you know this curiously for the unknown," she said. During her adolescent years in the Indian capital, Bhattacharyya learned about NASA and educated herself...
IBTimes
Entrepreneurship involves numbers. It’s as simple as that. However, the way each entrepreneur interacts with numbers, especially when it comes to finances, varies from one individual to the next. Even billionaires like Richard Branson have their struggles. Branson is dyslexic and struggled to grasp the difference between terms like net and gross. And yet, the man has built one of the biggest business empires in Europe. Just because someone has entrepreneurial ambition doesn’t mean they’re comfortable with numbers. But it does mean they need to find the support people and tools to help them go ...
Due
If you’re an entrepreneur, you know the importance of saving money. Everyone should follow specific steps to save and maximize their assets before retirement. There are small things you can do when you’re young that can have a significant impact on your finances later in life. In this article, we’ll go over some of the critical first steps you should take to start saving money. Key Takeaways Creating a budget is one of the most essential steps to saving money. Categorizing your spending into essentials and recreational purchases can be eye-opening about how you use your money.The process of op...
ValueWalk
SpaceX founder, Elon Musk, is the CEO the world is ‘most curious’ about, according to a new study that measures the average monthly search volume for terms related to entrepreneurship.American business tycoon and co-founder of software giants Microsoft, Bill Gates, ranked in second.Amazon founder Jeff Bezos ranked in third.Elon Musk is the CEO the world is most curious about; a new study has found. After devising a list of more than 300 of the world’s most prominent CEO’s, the study combined five common search terms related to entrepreneurship to reveal the average monthly search volume for en...
ValueWalk
Florida takes top spot as the best US state to start a small businessTexas comes in secondVermont is revealed as the ‘worst’ state to start a businessThe Best And Worst States To Start A Small BusinessQ4 2022 hedge fund letters, conferences and more Florida emerged as the best state to start a small business with a 5.5% corporate tax rate, allowing more money to flow back into the business, and the third-largest amount of small business loans secured per total number of employees at $4,913. When compared with all other states, Florida came out on top as providing the most jobs created by start...
ValueWalk
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