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To keep your business in tip-top shape, you may need to do some things you dislike, including math. No, you don’t need to memorize a billion formulas or take a calculus class. But, you do need to familiarize yourself with essential business formulas.
Read More 9 Business Formulas Math Haters Can’t Ignore
Many small business owners invest their own money to help fund their startups. According to one study, 77% of small businesses rely on their personal savings for initial funding.
Read More What Is Business Equity, And How Does It Represent the Value of Your Small Business?
If you want someone to invest in your company, you need to be able to tell them why it’s worth the investment. And, you must be able to back up your claims with strong financial data. To show investors why your business is a good investment, develop a financial analysis report.
Read More Breaking Down the Basics of a Financial Analysis Report
In business, there are no guarantees. At some point, you may find your small business struggling to make ends meet or overburdened by debt. If you’re looking to increase your company’s bottom line, consider business reorganization. Some business owners panic when they think of bankruptcy organization. But before you stress out, remember two things. First, […]
Read More Are You Thinking About Business Reorganization?
As a business owner, you likely borrow money to help fund your startup. And when you need a business loan, lenders typically charge you interest. So, what is interest?
Read More What Is Interest?
As a small business owner, you need to track your income and expenses. And to organize your business finances, you must select an accounting method. One method you can choose is modified cash-basis accounting. Learn the ins and outs of the modified method, how it differs from other accounting methods, and its advantages.
Read More Modified Cash-basis Accounting: How Does it Differ From Other Accounting Methods?
Knowing the market price for products or services is key to knowing how to get a deal, increase sales, and grow your business. And when it comes to running your company, you likely participate in different markets to provide your goods or services. Depending on your offerings and industry, your business’s market price may vary. […]
Read More What Is Market Price? Pinpointing Where Supply Meets Demand
As a small business owner, you know it’s rare for things to go according to plan. But, without a sense of direction, you’re steering your business blindly into the future. You need to know where you’re headed in order to make smart decisions. To get an outlook on your business, you can learn how to […]
Read More Sales Projections for Small Business Owners
If you’re a small business owner, managing your financial books is not an expense you want draining your bank account. But, it can be difficult to know if your accounting costs are on track. How much should accounting cost a small business? The answer is not as simple as it might seem.
Read More How Much Should Accounting Cost a Small Business?
To stay on top of your business expenses, you need to constantly plan and update your small business budget. When you make a traditional budget, you use the previous budget and tweak it. This might not be the most effective way to make a budget, especially for small companies. Another option is zero-based budgeting. What […]
Read More What Is Zero-Based Budgeting, and How Can it Help Small Businesses?
