Bouncing Back: How Entrepreneurs Can Move Past Financial Setbacks

When you’re followed by previous financial trouble, many things can feel out of reach. Starting a business, however, doesn’t have to be one of those things. With a little planning and using the resources that are available to you, becoming an entrepreneur can help rebuild your confidence and offer further security for your future.

Tighten any loose screws

If you’ve faced financial challenges before, the first step to starting a new business will come as no surprise: figure out what your assets are and learn how to strengthen them. Bad credit scores can affect so many areas of our lives, so working to improve yours is always a good place to begin. Paying off big credit purchases and making sure bill payments are posted on time can be a huge and simple boon for your score.

Every improvement will make a difference as you start your new venture, but don’t worry if your score is lower than you’d like; there are all kinds of loan options for those with lower credit scores, giving your credit the chance to climb and you the opportunity to get your business rolling. Keep in mind, you don’t need to navigate these challenging business financial waters on your own. Schedule an appointment with KJH Financial Services for help with comprehensive financial planning.

Assess—and enrich—your standing

You can work on your credit score until the cows come home, but the first real step to making your business a success is to assess where you are and what you need. There are thousands of programs and grants for starting a small business, from the government’s Small Business Association to local entrepreneurial groups. Everyone wants your venture to succeed, so seek out opportunities to make your foundation a little more stable.

When you know where you are, it’s time to seek a business loan to carry you into the future. There are plenty of lenders who designed their businesses for those with financial baggage, so research a variety of different groups and find those who can give you the best rates.

Enlist help

You can be an expert in your business, but it can be a great move to bring in someone who is an expert at business. Business coaches can help you succeed at every step, from marketing yourself to researching the market and more. There is so little benefit to reinventing the wheel when instead you could be reaching out to customers and creating a business to be proud of.

There are usually support structures for start-ups in different cities and counties, like local libraries or local small business associations. See what tools are at your disposal so that you can focus on growing your business instead of starting all over.

Cover yourself — and your business

The one thing we know about life is that it is unpredictable; change lurks around every corner, so protecting yourself and your business can give you considerable peace of mind. Creating an LLC can be a great benefit to many business owners by limiting your liability, giving you greater flexibility and even tax benefits.

Filing for yourself will help you avoid those high lawyer fees, or consider filing through a group like ZenBusiness, which can help go over the different regulations for each state before you get started. Insuring your business can also be a great benefit, protecting you further from potentially damaging legal actions.

Your dream business doesn’t have to just be a dream. No matter where you are, there is a path towards owning your own business. Creating a liability shield and reaching out to a financial planner like Kimberly J. Howard, CFP at KJH Financial Services can give you the tools to set yourself up for success and make your dreams a reality.

Are you ready to start your next business venture? Call KJH Financial Services at 781.413.4879 for the help you need to get started today!

Refreshing Kids Treat Recipes for Summer

child-1840067_1920It’s no secret kids adore the warm summer months. With school out of session and delicious produce in season, it’s easier than ever to prepare foods that your kids will eat with a smile. Serving up summer treats will keep your little ones fueled up for fun in the sun. The following recipes are sure to satisfy any kid’s appetite, while providing them with the nutrition they need.


Mango Yogurt Popsicles


It’s worth noting that many of the treats on this list are fairly easy to make. That doesn’t just mean they’ll help you save time. It also means you might want to consider getting the kids involved in prepping them. Experts point out that children who help out in the kitchen enjoy a range of benefits, from developing useful skills to expanding their palates.


This is an easy recipe to start them out on. All you need to do is peel and dice two mangoes. After you have, fill the bottom of popsicle molds (you can simply be small plastic cups with popsicle sticks for handles if you don’t have any molds) with yogurt and freeze for at least 30 minutes. 


In the meantime, combine the mangoes with the juice from one orange in a food processor. Then, create a syrup by stirring about ¾ cup of water with ¾ cup of sugar in a saucepan over medium-high heat until the mixture reaches a boil. Reduce to a simmer, wait about four minutes, then combine the syrup with the mango-orange mixture in the food processor. 


Put the mixture in the refrigerator and let it cool. Once it has, pour it into the popsicles molds and place back in the freezer, leaving them there until thoroughly frozen. When they are, remove them. You may need to dip the popsicles into a bowl of warm water (don’t submerge them all the way!) to loosen them enough that you can remove them from the molds.


Lemon Ice


Lemon ice is a classic summer treat that’s literally been around for thousands of years! Making your own is one of the best ways to appreciate just how refreshing this dessert can be.


It’s also not difficult at all. Start by mixing three cups of water with one cup of sugar in a saucepan until the mixture starts to boil. Boil uncovered for about five minutes, stirring frequently until the sugar has dissolved. Once it has, remove the pan from the heat, and stir in one cup of lemon juice and one tablespoon grated lemon zest. Pour into a baking pan and freeze uncovered for one hour, then cover the mixture and freeze for at least an additional two hours. Remove when it’s firm and serve in the cups of your choice.


Strawberry Lemonade


Summer treats should also include beverages. After all, your kids need to stay hydrated when playing out in the warm summer sun.


This strawberry lemonade recipe ensures they will. To make it, purée a pint of fresh strawberries in a blender with two teaspoons of sugar. In two glasses (adjust the recipe measurements depending on how many children you’re serving), add three tablespoons each of the strawberry purée, along with four tablespoons of sugar and four tablespoons of lemon juice. Add seltzer water for a little fizz. The result? A delicious summer beverage your kids will love!


Remember, making sure your children have a healthy and happy summer doesn’t need to be as demanding as you might think. These easy-to-make recipes will save you time while impressing your kids. That makes summer more enjoyable for everyone.