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There are only a rare few examples where starting a business from scratch is feasible. How to fund a startup business would become a hefty trouble of mind unless there is a strong financial support. Usually, it requires a lot of sacrifice and a significant pool of finances that can cover your rocky lift-off. Thankfully, […]
The term liquidity refers to your ability to quickly move and use cash or easily converted assets in order to make payments. Some assets, like real estate, vehicles and similar collateral are not that easy to sell and it usually takes time for you to complete the process. Liquidity, on the other hand, is mainly […]
You probably must’ve heard that money begets money. This is true when you are starting a business. Initially, before your business gets on its feet, you’ll spend money – a huge chunk – before you can experience any money coming in. If you want to know that money makes money consider, for instance, before you […]
Financial struggles have, unfortunately, become an integral part of the modern business world, as small businesses are bound to encounter certain financial roadblocks on their climb to long-term success and solvency. While these roadblocks might seem insurmountable at first, there is nothing an experienced business leader won’t be able to achieve with proper financial management, […]
Are you a business owner? Do you understand accounting? Relax, most business owners aren’t accountants; they rely on skilled professionals to do the numbers for them. However, having a basic understanding of accounting terms can help you improve your business skills, grow your company with less risk, and achieve your business goals. Here are a […]
If you’re just getting started with your small business, chances are, you wear many hats. One of those hats is playing accountant. The trouble is, most people who become their own boss don’t start a finance-related company. That means you’re likely to find yourself feeling a little lost when it comes to the finances of […]