The average small business owner is roughly $195,000 in debt. Imagine paying that amount from your pocket, and if you can’t, how it’ll reflect on your credit report.
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Operations - Tips, Training, and News
Accounting Estimates You Should Know to Help Run Your Business
The accounting world may seem filled with hard facts. Either the money is in the account, will be in the account, or it isn’t … right? Well, that’s not always the case.
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The Three Golden Rules of Accounting You Should Always Follow
You might have heard of the Golden Rule in life: Treat others as you want to be treated. But, did you know that there’s also a golden rule for accounting? In fact, there are three golden rules of accounting. And no … one of them is not treating your accounts the way you want to […]
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How Many Hours Do Business Owners Work? According to Studies, It’s a Lot
Thinking about starting a business but worried about how busy you’ll be? Or, have you already started a business and are wondering how many hours you should be clocking in? Either way, knowing how much other business owners work may be helpful. So, how many hours do business owners work?
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How to Increase Revenue For Your Small Business (4 Easy Steps)
Part of running a good business is never getting complacent when it comes to revenue. A company’s revenue should always outpace expenses. Otherwise, trouble is just around the corner. But all business owners know that increasing revenue is easier said than done. Read on to learn how to increase revenue in four actionable steps.
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What Is Disposable Personal Income?
How much money do you really have to spend? What about your employees? To figure out your available spending money, you need to find your disposable personal income. What is disposable personal income?
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How to Create a Business Budget You Can Stick to
People are budgeting more than ever—86% of Americans, to be exact. And they’re budgeting for a good reason. Eighty-five percent of people said budgeting helped them get out or stay out of debt. Whether you’re a budgeter in your personal life or not, one thing’s for certain: Budgeting for your business is a must.
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Asking for a Helping Hand with an Investment Proposal
Investors can help your business get off the ground. But, finding investors is easier said than done. One reason is that there’s a lot of competition out there. In 2021 alone, there were 5.4 million new business applications in the U.S. Cutting through the competition may seem daunting. But with the right investment proposal, you […]
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What Is Quick Ratio? Learn How to Swiftly Calculate This Metric
Does your business have enough liquid assets to cover short-term liabilities in a pinch? To find out, you can use the quick ratio. Keep reading to learn the quick ratio definition, how to calculate your ratio, and more.
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What Is Open-book Management?
Want to increase transparency and potentially boost profits? If so, you may consider open-book management. So, what is open-book management? Get to know what open-book management includes, the pros and cons of it, and how it works.
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