The market is becoming increasingly crowded every single day. Therefore, the competition for customers is becoming more challenging—not to mention, more expensive. The key for any small business especially is to strategize and come up with ways to increase customer...
Essentially a cash flow statement is used to see exactly how money is moving in and out of a business. This, in tandem with an income statement and balance sheet, comprises the three key financial statements that a company will need to generate to keep tabs on the...
As a small business owner, you may wonder why you would need to concern yourself with the Secretary of State. The Secretary of State actually has a pretty important role when it comes to business dealings within your state. This is why knowing something about what...
For many small business owners, finding the funding they need for various projects, for expansion, or even for just weathering more difficult times, can be a challenge. Traditional bank standards are often too high. A company’s credit score is either too low,...
For businesses that sell actual products, you need to understand how to calculate the cost of goods sold. Essentially, this number involves everything and anything that is spent to sell your products. Depending on the nature of your products (meaning, if they are...
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