Starting a Business Instantly – Is it Even Possible? Are you interested in starting a business right away? A business is a huge investment that will take away your financial, mental, social and physical resources in order to give you profits. You are going to have to get social in order to promote your products […]
Subcontractor Job
Subcontractor Job Who is a subcontractor? Do you know if you are? When you enter into a subcontracting business arrangement, you are simply accepting to work with an entity that can complete a given task at a given price. This entity could be an individual or a company and their contract is for service rather […]
Employment or self-employment – Which is better?
Are you employed or self-employed? Many people are fearful when it comes to leaving full-time employment to start a business. Some of those who are in self-employment are already sure that they want to be their own boss forever. But what is better between the two? Employment is fine if you do not desire to […]
Tools for Small Business Success
Tools for Small Business Success There are many tools for small business management that can make you so successful in a short while. As you know, small enterprises face a low capital challenge and so you might have limited manpower and time to achieve everything. So having tools that simplify your work and help you […]
Business Intelligence Applications and their Use
Business Intelligence Applications and their Use Business Intelligence, BI, is a term that describes a wide assortment of computer software solutions that let companies to continue tracking their most critical operations. BI keeps on reporting applications and offers analysis tools. It may entail spreadsheets, dashboards, tabular reports and charts among other things. These can be […]
Vision Statement guidelines – What does it mean?
Vision Statement guidelines – What does it mean? A vision statement is a single sentence that can communicate a million words about your company. It may take longer to come up with but the result will be so inspiring. A vision will always guide your human resources, and be referred to when goals, products and […]
Balanced Score Card tips: Definition and Uses
Balanced Score Card tips: Definition and Uses Do you know what a balanced score card is? It is a strategic tool for planning, managing and aligning business activities to the company’s vision and goals. It is adopted by private and public organizations alike. This special system is so important when it comes to improvement of […]
Key Performance Indicator – What does it Mean?
Key Performance Indicator – What does it Mean? The Key Performance Indicator, KPI, is a quantifiable measurement for the company’s progress toward achievement of its goals. Alternatively called the Key Success Indicator, KSI, KPI is set beforehand and it reflects the success factors of a company. The Key Performance Indicator can vary The Key Success […]
Accounting Profit and Cash Flow – What is the Difference between Them
Accounting Profit and Cash Flow – What is the Difference between Them There is a difference between accounting profit and cash flow. The former refers to the revenue gathered from the sale of services and products minus expenditures. It does not matter whether the payment is in cash or not received yet. Then expenses are […]
Depreciation Facts: What It Is and How It Relates to Taxation
Depreciation Facts: What It Is and How It Relates to Taxation Depreciation is the annual allowance left for wear and tear or obsolescence of property. Except land, all other assets depreciate in value. This includes tangible and intangible assets. Intangible assets entail things like computer software, copyrights, and patents. Tangible assets include things like automobiles, […]
Cloud Accounting And How it Helps Accountants
Cloud Accounting And How it Helps Accountants Cloud accounting enables accountants to access any information they need on the internet. It lets them store and retrieve files from the company’s server with ease. As long as an accountant has a reliable mobile device, which uses a good browser, they can access the cloud from any […]
Twitter For Business Advice- What Benefits Can Be expected?
Do you use Twitter for business marketing? Some people see Twitter as a social media website, like Face book, and do not use it for any financial gain. If you have not begun using Twitter commercially you can begin now. It can be very beneficial to a business of any size. Here are the reasons […]
Interest Only Loan and Principle and Interest Loan Differences
Interest Only Loan and Principle and Interest Loan Differences To understand the difference between an interest only loan and principle and interest loan, you should know the meaning of individual terms. Principle is the amount borrowed while interest is the lender’s fee. So when paying off the loan, you will first pay a fraction of […]
Gross Profit: What is it?
Gross Profit: What is it? There are some terms you are going to have to learn once you get in business. One of these terms is gross profit. There is a formula for computation of this type of profit. It is this: sales minus cost of goods sold. What is gross profit? It is obviously […]
Insolvency
Insolvency Insolvency is a term that can apply to either an individual or a business, but is more often used in relation to a business or company. A business is said to be insolvent when it cannot pay its debts when they are due. It is an offence if the directors continue to operate and […]
