As time goes by, equipment breaks down. Furniture wears out. Computers get overrun with viruses and malfunction. Office equipment degrades. All of these valuable business assets start to lose their value and will eventually need to be replaced. But how is this loss of value recorded within the business, and why is it so important? […]
Newly owning a business often comes along with accounting terms we aren’t familiar with. And if we aren’t clued into the financial side of things, it can all get confusing. That is often when we make mistakes and the business bleeds profits. That’s why in this article, we want to go over the difference between inventories […]
You’ve closed on your business loan for your new business location. Now it is time to get the property insured. To do so, you will need to buy a policy from an insurance company. The company will evaluate your new purchase and decide if they are willing to provide you with an insurance policy. The […]
All businesses, big or small, should have a set of values and principles it stands for. When the ethics, morals, and standards of a company are embodied through the efforts of its employees, it creates trust and respect from its customers or clients. This also creates a foundation for long-lasting success. In this article, we […]
Nobody can predict the future. Whether it be a fire, flooding, theft, or any other unfortunate mishap, there is always a possibility of unexpected loss in your business assets. That is where business insurance comes in. And while business insurance is totally necessary, it cannot work well for you if you do not give the insurer […]
It’s a sign of success when you’ve outgrown the old kitchen-sink approach to managing business assets. If you dump all your asset data into a system of vague spreadsheets, poor file or folder names, messy or duplicated files, or sparse metadata, you might want to look into a new asset management solution. Well, you’re in […]
Trucking companies make all the money, right? One primary concern when it comes to starting a business is how much revenue that business can rake in. This is why many people consider knowing how much trucking businesses make an excellent yardstick to measure if the business is a great investment or not. To know how […]
The number of female entrepreneurs continues to grow each year. In the U.S. there are nearly 13 million women-owned businesses, which represents approximately 42% of all companies in the United States. Despite these successes, there is certainly still a gender gap when it comes to getting funding for business startups, with only about 2.3% of […]
How much money did your business make this year? And how much could you have made if you had gotten that equipment financing? To evaluate your profit numbers most beneficially, you will need to understand the various types of profit that measure success. Knowing the differences when bookkeeping will allow you to determine your company’s […]
Did you know that October is National Women’s Small Business Month? It is a time specifically set aside to recognize and celebrate the achievements of female entrepreneurs in the US (and of course around the world!). In this post, we will talk about the barriers women have broken through, as well as the barriers we […]
