Profitability ratio is one of many terms that every investor should know about. Learning the language and buzzwords of investing can be daunting, but is a necessary step for success. To get the most out of your portfolio, learn the most important terms of investing so that you’re not caught off-guard. 1. Asset Allocation A…
Starting a nonprofit is definitely no walk in the park and even though your ethos might be different when it comes to your reasons for starting the business and making it sustainable, there are definite rules of engagement to follow if you want your idea to succeed. One of the first things you will quickly…
The fundamental difference between cash basis accounting and accrual accounting is primarily about when expenses and revenue are introduced, with the cash method adopting a system where this income and expenditure is recognized immediately. Although this can be seen as the most obvious difference between the two accounting methods there are more subtle variations and…
Sole proprietorship taxes come with its own set of pros and cons. There are some situations where being a sole proprietor makes sense, but there are also times where the choice to incorporate is smarter. Finding a balance between the two will decide the long-term fate of a business. Sole Proprietorship A sole proprietor is…
Most of the profitable franchises in the US are led by long running brands. But there has been some shuffling around recently, as newcomers are gaining in popularity. Consistency is behind the most profitable franchises in history. With that consistency comes customer loyalty, and an annual expectation of growth. 1. Dunkin’ No other franchise has…
One of the most critical aspects of your initial business plans is deciding the legal status of your new venture as your decision can have an impact on your future success and affect access to funding as well as making a difference to your tax liabilities. One thing to look at when registering a business…
Owning your own company is a dream many people have. They long for the days of setting their own hours, taking over complete control of their work product, and other advantages. It may seem that having your own startup is nothing more than a pipe dream, but every company had to start somewhere. Building a…
Hiring a marketing consultant is no easy feat. Everyone specializes in something different and has different expertise in different areas of marketing, various price plans, and fees, and work in different ways. Of course, as a business, you want to make sure you’re finding the best consultant to suit you and your needs, but how?…
There is little doubt that angel investors have proved pivotal in getting some fledgling businesses up and running, giving them the cash injection needed to put their ideas into action and generate decent profits if everything goes to plan. If you are pitching your business idea to a number of angel investors it can be…
It is now fairly easy to get a new business venture up and running within a short amount of time, especially if you are launching your startup online. However, starting a small business still requires a certain amount of planning and strategizing so that you can take full advantage of every opportunity once your business…
