The average cost to start a business is less than $10,000. But, every business is different. So if you have a million-dollar business idea, you probably want to know what it’s going to cost you. How much does it cost to start a business, exactly?
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Accounting Tips, Training, and News
What’s the Cost of Accounting Software for Small Businesses?
March 24, 2022When you start a small business, you need an easy and reliable way to track income and expenses. One way you can manage your books is by using accounting software. But, what’s the cost of accounting software? Find out the factors that can impact pricing and what additional costs to look out for while shopping […]
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What Is Notes Payable, and How Do You Record Them in Your Books?
March 18, 2022At some point or another, you may turn to a lender to borrow funds and need to eventually repay them. And when that happens, notes payable come into play. Learn all about notes payable in accounting and recording notes payable in your business’s books.
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How to Trademark a Name for Your Business
March 17, 2022Naming your business is one of the most fun and crucial parts of opening it. You take the time to research if it’s available, ask others for their opinions, and register it with the state to legally stake your claim to it. But, is that enough? It might be a good idea to trademark your […]
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Overstocking? Understocking? Calculate Your Inventory Turnover Ratio to Find Out
March 15, 2022Think you’re doing too much purchasing and not enough selling? Or, think you’re selling too much and not buying enough? There’s only one way to be sure, and that’s by finding your inventory turnover ratio.
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How Long to Keep Tax Returns for Your Business
March 8, 2022As a business owner, there are many documents you need to keep track of for your company. Employee paperwork, bills, invoices, etc., are all essential documents to store in your records. Keeping records isn’t just a good business practice, either. There are specific IRS recordkeeping requirements you must follow. One of those requirements is maintaining […]
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How to Find Your Business’s Contribution Margin to Determine Profitability
March 3, 2022Want to find a certain product or service’s profitability? Of course you do! To determine how profitable your offerings are and what kind of adjustments your business needs to make to increase earnings, learn how to calculate contribution margin.
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Retail vs. Wholesale: The Differences Businesses Should Know
March 1, 2022When you open a business that sells products, one of the critical decisions you need to make is how you will sell. Do you plan to sell your products directly to your customers? Or, will you use vendors who distribute your products to their customers? The way you sell determines if your business is retail […]
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5 Leverage Ratios You Need to Know
February 24, 2022When it comes to your business, at some point or another you may need to borrow money from investors, lenders, etc. to help grow. One thing they typically look at before shelling out any funds is your financial metrics, like leverage ratios. This article breaks down: Leverage ratio definition 5 leverage ratios to keep in […]
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What Is a Stakeholder in Business?
February 22, 2022Whether you know it or not, your business likely has a number of stakeholders. But, what are stakeholders? Keep reading, and we’ll give you the scoop on the stakeholder definition, types of stakeholders in business, and more.
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