How much money do you really have to spend? What about your employees? To figure out your available spending money, you need to find your disposable personal income. What is disposable personal income?
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Operations - Tips, Training, and News
From Planning to Profit: Your Guide on How to Create a Business Budget
People are budgeting more than ever—86% of Americans, to be exact. And they’re budgeting for a good reason. Eighty-five percent of people said budgeting helped them get out or stay out of debt. Whether you’re a budgeter in your personal life or not, one thing’s for certain: Budgeting for your business is a must.
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Investment Proposal: Asking for a Helping Hand
Investors can help your business get off the ground. But, finding investors is easier said than done. One reason is that there’s a lot of competition out there. In 2021 alone, there were 5.4 million new business applications in the U.S. Cutting through the competition may seem daunting. But with the right investment proposal, you […]
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What Is Quick Ratio? Learn How to Swiftly Calculate This Metric
Does your business have enough liquid assets to cover short-term liabilities in a pinch? To find out, you can use the quick ratio. Keep reading to learn the quick ratio definition, how to calculate your ratio, and more.
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What Is Open-book Management?
Want to increase transparency and potentially boost profits? If so, you may consider open-book management. So, what is open-book management? Get to know what open-book management includes, the pros and cons of it, and how it works.
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Ready to Give Back? Learn How to Start a Nonprofit Organization
Have you ever thought about giving back to the community? A nonprofit organization is a perfect way to do that. Nonprofit organizations further a social cause or provide a public benefit, like a hospital or a public school. There are several different types of nonprofit organizations to choose from. But before giving back to the […]
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Working With Freelancers at Your Small Business
As a small business owner, you have to take care of all your company’s tasks. Your responsibilities can get overwhelming. To help you complete tasks, you may want to try working with freelancers.
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How to Handle Cash Flow for 3-Paycheck Months
As a small business owner, you probably have a system for creating a budget. But sometimes, your budget needs to change because of fluctuating income or expenses. For example, you should keep an eye on cash flow for 3-paycheck months.
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Business Plan Benefits for Your Small Business
Do you need a business plan for your small business? If you are seeking outside funding, you are required to present a formal proposal. But, the benefits of a business plan go beyond finding lenders.
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Unveiling the Accounting Benefits of Employee Engagement
You can use employee engagement to create relationships between your business and employees. Employee engagement is when employees are committed to your company and the work that they do. The benefits of employee engagement help your company on many levels, including your accounting.
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