About Kaylee DeWitt

Author Archive | Kaylee DeWitt

What Is 501(c)(3) Status?

If you operate a nonprofit organization, you may be eligible to apply for tax-exempt status, such as 501(c)(3) status. Learn what is 501(c)(3) status, types of 501(c)(3) organizations, and how to apply for 501(c)(3) status.

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What to do when a check bounces

What to Do When a Customer Check Bounces

If you accept check payments from customers, you need to know that the checks might not always clear. A customer might not have enough in their bank account to cover the check amount. Learn what to do when a check bounces.

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What is liquidity?

What Is Liquidity?

Does your business have enough money to pay off debts? If you aren’t sure, then you need to learn about liquidity.

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Use employee theft prevention to stop employee stealing.

5 Employee Theft Prevention Tips

Of course, you want to trust the people you hire to work at your small business. But sometimes, you get a bad apple. Employees might steal money, goods, and knowledge from your business. You need to implement employee theft prevention strategies before fraud starts. Below we’ll look at types of employee theft, followed by employee […]

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What does self-employed mean?

What Does Self-employed Mean?

You run your own business, but are you considered self-employed? The definition of self-employment can be confusing. What does self-employment mean? Find out below.

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Learn how to calculate operating income for your small business.

What Is Operating Income?

When you are tracking your business’s financial health, you will track many indicators. And if you are seeking money from investors and creditors, they will want to see these numbers, too. Operating income is one of the numbers you should calculate.

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Learn how to find an angel investor for your small business.

Use Small Business Angel Investors to Grow Your Business

Do you need some extra funding for your business? If your business is still in the early stages, it might be difficult to get outside funding. Banks and other traditional lenders might be wary of giving you a loan. Even if you’re struggling to get money from a traditional lender, you might get funding help […]

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Learn how to calculate and increase revenue at your business.

The Basics of Small Business Revenue

Revenue is a vital part of your business. Your business needs revenue to survive. So, it’s important that you understand revenue. Below you will learn what revenue is, why revenue is important, how to calculate it, and how to increase it.

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Learn how to increase net profit at your business.

How to Increase Net Profit

Would you like your business to earn more? Of course you do! When you learn how to increase net profit, your business will have more money after expenses and become more stable.

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Learn how to calculate the direct cost of a product you make.

What Are Direct Costs?

When pricing your products, you must consider the cost of making the product, including the direct costs. Find out below what direct costs are, including examples and how to calculate them.

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