A few weeks ago, I wrote about capital budgeting and finished the article with a short discussion of economic value added (EVA).
EVA is a way to measure whether your business’ profits return more than the opportunity cost of the capital employed to earn them. It’s like doing...
When IT support analyst Nick J Lancaster was made redundantin April due to the impact of the coronavirus pandemic, he felt hurt and shocked. “My manager … said, in just a few words, that due to Covid-19, I was being let go and that was my last day. I was to return all...
I don’t think organization maven Marie Kondo was talking about business records here, but it certainly applies: “To put things in order means to put your past in order, too.”
Business records prove business transactions and activities. Growing a successful business requires organization on all levels, including your…
In the wake of Covid-19, executives and managers who were once opposed or resistant to the idea of remote work have been pleasantly surprised to discover the various benefits that it can have for a workforce, from increased employee productivity to better retention rates.
Since the way we work is changing rapidly,...
While they may be similar, rainy day funds and emergency funds are not the same.
The second you start making money is likely the best time to start saving it. You never know when something unexpected will happen, which is why it’s essential to be prepared. Unfortunately, not having enough...
Disability activist, social entrepreneur and founder of The Valuable 500 initiative, Caroline Casey, has told CNBC that business needs to be at the forefront of accelerating change to end the “disability inequality crisis,” as the world emerges from the coronavirus crisis.
“This problem is too big for governments and charities...
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.