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…
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.
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.
The fundamental accounting equation is the foundation of the double-entry accounting system. Designed to ensure your books remain balanced, learn more about how to use the accounting equation in your small business.
Today’s business leaders face an extremely uncertain road ahead. As businesses, including my own, chart a new path forward, they are going to need to deploy creative thinking at every turn — from rethinking business models, to re-examining customer experiences, to developing new products.
The past few months certainly haven’t been easy for small businesses.
Many had to shut their doors due to the coronavirus pandemic. While some may never reopen, others are ramping up their business — and hoping they don’t have to shut down again.