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August 31, 2018

Leverage Technology

Nearly every year new integrations and software bring artificial intelligence capabilities to your business.  Often so many redundant tasks can be outsourced to a software or a company with an expert in a specific software. Phone services for exampl...

August 29, 2018

DEFINITION of 'Roth IRA'

Named for Delaware Senator William Roth and established by the Taxpayer Relief Act of 1997, a Roth IRA is an individual retirement plan (a type of qualified retirement plan) that bears many similarities to the traditional IRA. The biggest distin...

August 22, 2018

What is an 'Entrepreneur'

An entrepreneur is an individual who, rather than working as an employee, founds and runs a small business, assuming all the risks and rewards of the venture. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, serv...

August 15, 2018

Federal Funds Rate

What is the 'Federal Funds Rate'

The federal funds rate is the rate at which depository institutions (banks) lend reserve balances to other banks on an overnight basis. Reserves are excess balances held at the Federal Reserve to maintain reserve requir...

August 10, 2018

In most businesses their labor represents their biggest expense in producing the goods or services they provide.  Consequently a businesses use of labor can make or break a business.  Labor management is a ONE THING priority for most business owners.

Schedule to a...

August 8, 2018

What is a 'Liability'

     

A liability is defined as a company's legal financial debts or obligations that arise during the course of business operations. Liabilities are settled over time through the transfer of economic benefits including money, go...

August 3, 2018

Quit Multitasking

"There is nothing more irritating than reviewing a job post that requires the skill of multitasking.  Multitasking is a lie. Countless studies have proven the decline in work productivity and quality of work from these supposed talented multitaskers."

S...

August 1, 2018

What are 'Current Assets'

     

Current assets is a balance sheet account that represents the value of all assets that can reasonably expect to be converted into cash within one year. Current assets include cash and cash equivalents, accounts receivab...

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October 31, 2019

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