There’s no doubt about it: pollution and waste has become a large problem for the planet for the past few decades, and will only continue to become more of an issue if nothing is done to stop or slow it down. But it’s not all doom and gloom: by now, it’s likely you’ve heard about sustainability: a movement that has been making headlines, but mostly only in people’s personal lives. As the environmental situation becomes…
Does your business need a power of attorney?
As a business person, you may have seen the term “durable power of attorney” in several situations. Power of attorney is a strange term because it’s not immediately clear what powers an attorney for the business may have. Some business persons may need a power of attorney while others can get by without one. But which type of business would it benefit the most? Here, we’ll look at what types of power of attorney exist and what…
A guide to the current ratio and how to use it in your business
Financial statements can tell you a lot about your business. They display the value of your assets, the amount of money you owe, the amount of revenue you’ve earned in a particular time frame, and even how much cash has gone into and out of your business.
But financial statements may not provide the answers to all…
How to write a small business plan
Have you had a business idea bubbling for a while? You’re not alone. Turning the spark of a potential business idea into something real is a dream for many.
However, before you jump in and go for it, you have a lot to consider. Ask any fellow small business owner for tips, and they’ll tell you that growing a small…
How to make a minimum order quantity work for your business
As a business owner, you’re tempted to say “yes” to every customer who wants to buy from you. Why would you turn down money? But the reality is that, for some companies, not all sales are good for your business.
Especially in the retail world, businesses have to make careful decisions about how much product they sell to customers. That’s because…
A small business guide to fair value accounting
I’ve spent a lot of time watching Antiques Roadshow on PBS, where appraisers sometimes shock everyday people by sharing sky-high valuations for dusty family heirlooms that appear worthless. It’s incredibly heartwarming to watch people stumble upon a small fortune for things they’ve proudly displayed in their homes for generations…
How to continue investing in your small business team when your budget is tight
These four low-cost ideas can go a long way.
Let’s face it: In the midst of a pandemic and a recession, your budget at the end of 2020 may look a lot different than it did at the beginning. That means even if your business hasn’t shuttered, you still might not have the resources to spend on building your business that you expected to…