There are ways to relieve the pressure and survive
Any business leader can find themselves confronting circumstances where their company has more debt than it should. I’ve written before about what is an appropriate level of debt for companies to target, which is generally a ratio of debt to profit. When that debt ratio begins to go upwards of 4 to 5 times…
To the uninitiated, the stock exchange can seem like a casino, with news and social media feeds sharing stories of investors striking it rich by playing the stock market. But while there are winners, there are also losers, those who lose money playing the market, sometimes pulling their money out of the market because they’re afraid of the potential of losing money…
Have you tried to save at least 3 to 6 months’ worth of living expenses in an emergency savings account for years without success? If so, you’re not alone. Nearly 1 in 4 Americans said they would need to borrow money to cover an unexpected bill for $1,000, according to a survey by personal finance site Bankrate. Around 16% said they’d have to charge…
Many entrepreneurs are stuck, frustrated, delusional or complacent. They generally don’t have enough time, they have too few customers, recruitment is difficult, and they are overcome by self-limiting beliefs and their fixed mindset.
As an entrepreneur, you must always be thinking about reinventing…
A sound social media strategy is practically indispensable for business owners trying to build their customer base. Depending on your audience, verification on Instagram might be a central component of that strategy.
When comparing Instagram vs. Facebook, you’ll note a difference in demographics (the Facebook audience tends to...
Given Bitcoin’s unpredictable nature, you may wonder whether you should consult a financial advisor before investing in the buzzy cryptocurrency. The short answer: It never hurts to get a second opinion.
Anything that jumps from less than $11,000 to more than $40,000 in a few months would make many investors take a second look…
A company’s balance sheet is one of several important financial statements that report on its performance. But to understand the importance of a balance sheet, you need to understand the balance sheet equation and the types of accounts it uses. Then you can download a balance sheet template and review some analytical tools to assess your business…