Nothing conveys the financial health of a business more clearly than clean and up-to-date accounting records. Good accounting is good for business because it provides you with financial information about the business. The role of accounting is to provide a systematic and detailed recording of all financial transactions of your business. Accounting helps...
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Does your business need funding? What sounds like more fun than raising funding for your business? Ummm… pretty much everything, unfortunately. Let’s face it, raising money for your startup can be a tedious process. Unfortunately, it is a necessary evil for the cash-strapped entrepreneur when starting a business. Don’t worry, though. You’re not alone. It’s...
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Most people associate the idea of infidelity with cheating — that is, crossing a physical or emotional boundary outside of a committed relationship. Situations like these can lead to distrust and hurt for everyone involved, which is likely why they’re culturally regarded as one of the most significant relationship “no-nos.” But there’s another kind of...
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Owning a business is not for the faint of heart. When you own your own business, you must constantly be looking at your bottom line. It can, at times, be a financial balancing act between profit and loss. All businesses, from home security companies to web design companies and even places like law...
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We’re living in the golden age of self-employment. Says Robert Kiyosaki of “Rich Dad Poor Dad” fame, all a person needs in the 2020s to start up a lucrative small business is a laptop computer and an internet connection. That bit of wisdom might even be revised to, all you need is an...
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You don't have to be rich to start a business, but you do need capital. Few entrepreneurs are lucky enough to have the amount of money needed to cover all of the expenses of a startup business. If you can't bootstrap your business, you have to find a way to finance your business. The...
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You want options to finance your business, right? Which comes first, the business idea or the capital? Often it is the idea. This leaves you, the entrepreneur, searching for creative ways to finance your business. For new entrepreneurs, it can be a little difficult - let's be honest, nearly impossible - to get...
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You want the best business entity for your business, right? Congratulations! You’ve created a product or designed a service and are ready to launch your business. Most companies that are formed are classified as either a general partnership with multiple owners or a sole proprietorship with only one owner. While these structures are common,...
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You want other people to invest in your business, right? You can’t even begin to think to start a business without considering your options for capital. Most entrepreneurs will require some amount of investment to get their business off the ground. If you are lucky, you can self-fund your business. For many entrepreneurs, it...
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The path to success is often paved with financial challenges that can hinder your progress. Securing funding for your venture is crucial, but traditional avenues can seem elusive, bogged down by lengthy approval processes and strict requirements. While they may have garnered some criticism, these subs offer unique benefits that can give your entrepreneurial dreams...
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Tips for a new business startup while devising an accounting plan Usually, the small and newly established businesses face problems regarding their tax, accounts and financial management systems. Threats of profit loss and high costs are their major concerns. Each new business wants to maintain its tax structure, manage accounts system, check its...
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You want more cash in your business, right? Cash flow management is an important tool when growing your company. When done right cash flow can lead to huge successes. In its essence, cash flow management is when you delay paying out as long as possible while simultaneously seeking to bring in as much...
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