Business owners use cost allocation to assign costs to specific cost objects. Cost objects include products, departments, programs, and jobs. Cost allocation is necessary for any type of business, but it’s more frequently used in manufacturing businesses that incur a wider variety of costs.
Probably the last thing you want to think about during a crisis is working on healthy financial habits like saving money. But if you’re able to save, you can make your eventual recovery easier.
"Every time you put some [money] away, you're looking out for your future self,” says Saundra...
What will it be like to go back to the office when countries start to loosen their lockdowns?
Before the coronavirus pandemic hit, Tuomas Peltoniemi was used to traveling to China, Japan and Australia for up to 100 days a year in his role as executive vice-president and managing director...
A business plan is all conceptual until you start filling in the numbers and terms. The sections about your marketing plan and strategy are interesting to read, but they don't mean a thing if you can't justify your business with good figures on the bottom line. You do this in a distinct section...
Pitching an idea for a new venture can be daunting at the best of times, but it's much more challenging if you're a woman.
Whether it's due to unconscious bias, generations of structural inequality, or good old-fashioned social conditioning, the fact is that in 2017, women-led companies were on the...
As an enterprising manager or business owner, you may feel lured by the siren songs of DIY website builders.
It happens easily. Almost every major web-hosting platform offers a DIY builder. At first glance, these tools appear to rain financial savings on businesses small and large alike. After all, why...
It is no secret that being an entrepreneur in a globalized world means you need to be flexible when it comes to change. Whether you are proactively looking forward to experiencing life abroad or you find yourself needing to relocate to another country, leaving your business behind can be quite daunting.