3 Ways to Reduce Small Business Cost Part 2Go Paperless Printers, ink, postage, running to the PO BOX, shredding or trash removal etc. These may seem like small costs, but they ad...
Word of the Week 'Profit Margin'Profit Margin What is a 'Profit Margin' Profit margin is a profitability ratio calculated as net income divided by revenue, or net profit...
Word of the Week 'Equity'What is 'Equity ' Generally, equity is the value of an asset less the amount of all liabilities on that asset. As an accounting equation,...
Word of the Week 'Accounts Receivable Aging'What is 'Accounts Receivable Aging' Accounts receivable aging is a periodic report that categorizes a company's accounts receivable accor...
3 Ways to Reduce Small Business Costs Part 1Leverage Technology Nearly every year new integrations and software bring artificial intelligence capabilities to your business. Often s...
Word of the Week 'Roth IRA'DEFINITION of 'Roth IRA' Named for Delaware Senator William Roth and established by the Taxpayer Relief Act of 1997, a Roth IRA is an ind...
Word of the Week 'Entrepreneur'What is an 'Entrepreneur' An entrepreneur is an individual who, rather than working as an employee, founds and runs a small business, ass...
Word of the Week 'Federal Funds Rate'Federal Funds Rate What is the 'Federal Funds Rate' The federal funds rate is the rate at which depository institutions (banks) lend rese...
3 Ways to Improve Labor Efficiency Part 2In most businesses their labor represents their biggest expense in producing the goods or services they provide. Consequently a business...
Word of the Week 'Liability'What is a 'Liability' A liability is defined as a company's legal financial debts or obligations that arise during the course of business...