Sometimes in life, things happen and when they do we need to be ready to adapt and make the best out of a bad situation. One issue that most of us fall into is having money issues.Read more “Payday Loans: Is It Worth It?”
Net Income is what is left after operating expenses are subtracted from gross income and is shown on an income statement. Cash Flow basically takes the net income and subtracts uses and adds sources to that net income. Uses include increasing assets or reducing liabilities, while additions to cash flow come from decreasing assets or increasing liabilities.Read more “How is Net Income different from Cash Flow?”
The cash flow of your business is an indicator of whether it’s in a healthy position or not. Managing cash flow isn’t always an easy task, but there are best practices and online solutions that can make the process easier.Read more “How can you better manage Cash Flow for your business?”
First of all, continue to listen to your trusted advisors, and possibly increase your team of advisors. The biblical proverb states “Without counsel, plans go wrong, but with many advisers they succeed.” It applied then and always will. Don’t forget to listen to your customers also, as their input will help you work with your advisors.Read more “I started my own business, now what?”
How do I finance my company’s growth?
The financing of buildings, equipment, inventory and other tangible assets is typically easiest as the asset can be sold if needed to recover a portion of the cost of the asset (collateral). Identifying the life of the asset and related financing is also easier. Calculating other related costs such as maintenance, repairs, real estate taxes, insurance, installation, training and other categories is necessary.Read more “How do I finance my company’s growth?”
Is your business prepared to handle a workers’ compensation claim?
Workers’ Compensation is an insurance benefit that assists in protecting your business’ most valuable asset, your employees.Read more “Finance: Is your business prepared to handle a workers’ compensation claim?”