Do you need a business plan for your small business? If you are seeking outside funding, you are required to present a formal proposal. But, the benefits of a business plan go beyond finding lenders.
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Unveiling the Accounting Benefits of Employee Engagement
You can use employee engagement to create relationships between your business and employees. Employee engagement is when employees are committed to your company and the work that they do. The benefits of employee engagement help your company on many levels, including your accounting.
Read More Unveiling the Accounting Benefits of Employee EngagementExcess Inventory for Seasonal Businesses
As a seasonal business owner, your inventory is inconsistent year-round. At the beginning of and throughout your busy season, you need a lot of inventory to run your business. But when your slow season starts, you need to get rid of inventory. It takes careful planning to avoid excess inventory in your seasonal business.
Read More Excess Inventory for Seasonal BusinessesWhat Is a CPA? | Overview
If you are in business, you have likely considered using an accountant or a CPA to handle certain aspects of your business finances. But did you know that not every accountant becomes a CPA?
Read More What Is a CPA? | OverviewHow to Successfully Open a Second Business Location
As you dive into expanding your company, you enter new, unfamiliar territory. Consider some of the following points on how to open a second business location.
Read More How to Successfully Open a Second Business LocationHow to Raise Prices Without Losing Customers
Are you ready to raise your prices, but you’re worried about losing customers? The way you raise your prices affects your customer pool. For small business owners, it’s essential to know how to raise prices without losing customers.
Read More How to Raise Prices Without Losing CustomersROI Meaning: What Is Return on Investment (ROI)?
When you invest in an asset for your small business, you want it to eventually turn a profit. But, how do you measure the profitability of your investments? You can use return on investment (ROI) calculations to see how much income your assets generate.
Read More ROI Meaning: What Is Return on Investment (ROI)?What Is Liquidation? | Small Business Liquidation
As an entrepreneur, you need to have a plan in case you have to close your business. Perhaps your business can’t pay its debts, or maybe you want to retire. Regardless of what happens, you should be aware of one of your options for closing your business: small business liquidation. What is liquidation?
Read More What Is Liquidation? | Small Business LiquidationWhat Is Business Net Worth?
Sometimes, it’s hard to tell whether your business is operating efficiently, especially when money is constantly coming in and going out. You need to know if your business is making a profit or losing money. One way to gain insight into your financial strength is by reviewing your net worth. What is business net worth?
Read More What Is Business Net Worth?6 Tips for Converting to a Paperless Office
Is your small business cluttered with paper documents? When you rely on paper to keep track of business finances, you often end up wasting time and resources. For an efficient accounting process, follow our tips to create a paperless office.
Read More 6 Tips for Converting to a Paperless Office