Learn How to Calculate Economic Order Quantity With a Simple Formula
The cost of inventory can weigh heavily and have an adverse impact on the profitability and performance of a business, which is why economic order quantity (EOQ) is…
There Is a Difference Between Laid-off vs. Fired and This Is Why
No matter what language is used to describe you losing your job, it will always remain an uncertain and stressful time. It can be upsetting and worrying at…
3 Ways Knowing Your Contingent Liabilities Will Help You Become a Better Investor
Contingent liabilities are unfavorable possibilities that can occur in a company in the future. They’re not guaranteed to happen but, they could. Some of the more common liabilities…
Getting a Grip on Your Finances Starts with Knowing Your Assets and Liabilities
As a business owner, there are several terms that should be in your vocabulary. Assets and liabilities rank near the top, and will often appear together. To improve…
Profitability Ratio and 10 Other Terms Every Investor Should Know
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…
Serving Your Community: The 5-Step Formula to Starting a Nonprofit
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…
Comparing Cash Basis Accounting Against Accrual Accounting: Concrete Examples and Key Differences
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…
Sole Proprietorship Taxes: Will Incorporating Lower the Bill?
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…
Successful Startups Stick to a Strategy: The 5-Step Process to Landing a Seed Investment
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,…
Time to Grow Your Business: 6 Questions to Ask Before Hiring a Marketing Consultant That Will Ensure You Get the Best Man for the Job
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…