Naming 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 […]
Read More How to Trademark a Name for Your Business
Think 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.
Read More Overstocking? Understocking? Calculate Your Inventory Turnover Ratio to Find Out
Want 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.
Read More How to Find Your Business’s Contribution Margin to Determine Profitability
When 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 […]
Read More Retail vs. Wholesale: The Differences Businesses Should Know
When 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 […]
Read More 5 Leverage Ratios You Need to Know
Whether 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.
Read More What Is a Stakeholder in Business?
Your business’s fiscal quarter plays a role when it comes to things like taxes and finances. But, what is a fiscal quarter? Learn all about fiscal quarters and how to use them in accounting and business.
Read More What Is a Fiscal Quarter?
So, you’re going to ship out your products, eh? With over two billion online shoppers worldwide in 2021, it’s easy to see why. But before you can start shipping for small business, you must make some decisions, like packaging, the shipping vendor, and speed. After all, you don’t want shipping for business to shrink your […]
Read More Shipping for Small Business: How to Get Started, Costs, Accounting, & More
When it comes to your business, keeping up with your finances is a must. And to know where you stand financially, understand how to calculate certain figures, like current assets. Get the scoop on how to calculate current assets for your business and how to use them to evaluate your company’s finances.
Read More How to Calculate Current Assets in Accounting
Owning a business may mean that you are self-employed. But, the IRS has rules about which business owners are self-employed and which are not. Basically, all self-employed individuals are business owners, but not all business owners are self-employed. So, what are the types of self-employment?
Read More Types of Self-employment: Which Is Right for Your Business?