As a small or medium-sized business, you probably think stocks and shares aren’t important. Talk of things like indices and the Dow Jones are something reserved for the big boys, right? Wrong. Even if your company isn’t in a position to sell shares, the movement of the financial markets can affect your business. You only have to look at the Dow Jones to see how its ups and … [Read more...] about Market Movements Will Affect Your Business – Even If You Don’t Own Stocks
If we had to choose one word to best describe 2020 so far, ‘unprecedented’ would be a strong contender. The global Covid-19 pandemic reached US shores with much the same impact as in countries the world over. Lockdowns were imposed, businesses closed, and people were asked to stay at home. For small business owners, however, this is having a severe impact. The loss of … [Read more...] about Covid-19: What to Do if Your Business is Under Financial Pressure
How would you define success with regard to your marketing efforts? Sure, the ultimate goal is to ‘make more money’, but how do you get there? It’s no secret that tracking key performance indicators – or KPIs – is an important part of managing a business and driving growth. In this post, we’d like to highlight three important KPIs that you should be watching closely as you … [Read more...] about How Well Do You Know These Three KPIs?
The debit card has been an alternative to paper checks for decades now. It is an easy way to transfer money electronically, and such payments are accepted almost everywhere at the moment. ACH payment, on the other hand, is a payment system that is used to set up recurring payments and block the funds on your account immediately to then transfer them to other accounts. This type … [Read more...] about ACH Payments vs. Debit Card Transactions – What is the Difference Between the Two?
Starting a new home business can be exciting, nerve-wracking, and energy-sapping all at the same time. On the one hand, you are on your way to financial independence doing something you love. On the other hand, there are things you have never had to deal with before and which you may know nothing about. This is especially true during the COVID-19 crisis. Many people now have … [Read more...] about How to Deal With Finances as a New Home Business Owner
Whether your business is large or small, it's crucial to have an accurate snapshot of your expenses and liabilities. If you're looking for the best way to track expenses, there are simple things you can do to keep your cash flow in check. Read on to learn more about how you can keep an accurate tally of all your income and expenses for stress-free business … [Read more...] about The Best Way to Track Expenses and Income for Your Business
Considering the significant role that working capital plays in the functioning of an organization, it is essential to have an in-depth idea about arranging for working capital finance. From the starting of every business, it becomes necessary to deal with the working capital so that in future you do not have to arrange funds or financing solutions for your business, once it … [Read more...] about How to Calculate your Business Working Capital Effectively and Efficiently
If you are running your own business, you will find that you will have a lot of things to pay for and keep track of. Although you might make a lot from your business, you will also have a lot to buy including supplies, staff wages and more. Many people struggle with managing finances and often this leads to more serious problems with the overall success of the business. To … [Read more...] about How You Can Manage Your Money When You are Running a Business
Owning a business is one thing. Owning a business that operates seasonally is another. Managing the finances of a company that remains closed, inactive, or unpopulated for parts of the year can be like navigating a minefield. As a seasonal business owner, you have to make sure that your busy season is booming. It's the only way you can carry your expenses for the rest of the … [Read more...] about Money-Saving Tips for the Seasonal Business Owner
In past ages, actual money (cash) was utilized for most day by day purchases; today, the use of cash has dramatically diminished. Nowadays, the craze is all about online shopping. People are scarcely doing physical shopping. Online shopping has greatly facilitated the use of credit cards (plastic money). However, while this might be convenient, it also has a huge … [Read more...] about The Importance of Learning Financial Education in School