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Why are Financial Statements Important?
May 23rd at 3:44pm
You have just started your own small business and are excited about the prospects that you have in mind. However, your accountant has been pestering you with suggestions ever since you started the business and is telling you to maintain a thorough check on accounts so that the financial statements are a true reflection of the business you are running. You are forced to thing whether your financial statements really matter to you and whether you should really spend so much time on them. You need to understand that as a business you need to take care of the financial…
Reasons Why You Shouldn’t Mix Business and Personal Credit
April 18th at 12:29pm
For innumerable reasons, you should avoid mixing your business credit with your personal credit. There is a reason why you have the option to keep your business credit profile separate from the personal credit profile. Mixing the two wouldn’t just make it hard for you to report the progress you’re making as a business but would also stop you from doing functions that are generally expected out of all businesses. While we have spoken a lot about not mixing your personal finances with your business finances, we believe the same also goes about your credit. Business credit should be operated…
Types of Funding Options
April 7th at 3:44pm
Expansion and growth is something that every business plans to achieve during some time in the future. Every business has certain goals and objectives that they would want to meet through their expansion plans. No business has time to waste here, which is why we have mentioned the different types of funding options you have when it comes to an expansion plan. Internal Funding The first option that businesses have is to meet their expansion needs through internal funding. Some businesses have funds ready internally, which can be used to meet an expansion plan when the time comes. If you…
Tips You Can Follow to Prepare Your Store for your National Day
March 9th at 3:36pm
The National Day in any country is a great moment for people across the nation to rejoice. Some celebrate it on the day they gained independence, while others have any other unique celebration, but there is almost always a national day that is celebrated across that nation. Celebrating your nation’s birthday is a special occasion and you would want to be prepared for it in the best manner possible. If you have a store of your own, it is an even better excuse for you to make the environment festive by decorating your store. Here we mention some of the…
Tips You Can Follow for Securing Business Funding
February 8th at 3:36pm
Your new business is doing just about fine. You have gone through the early period of uncertainty and are about to head towards a new period of smooth sailing. You cannot wait but enter the ship that sails towards business growth. But, you don’t seem to have the right cash reserves and an approaching cash crunch seems to be scaring you. Such a situation can be quite heartbreaking for many small business owners, as they aren’t able to safeguard their business and are left with no other option other than falling in the trap of cash congestion. However, doom and…
Things to Consider Before Opening Your Own Restaurant
January 6th at 3:40pm
Opening a restaurant of your own is not an easy thing to manage. You have to take numerous things into consideration and should also make sure that the end choice you select is in your best interest. Even the slightest lack of judgment can stop your progress and can cost you a lot in the long run. If you’re serious about running your restaurant then you should take these things into consideration before you take any step forward: Choose the Right Location The location matters a lot when it comes to a restaurant. The location should be feasible for all…
Ways to Improve Your Business Credit Profile
December 5th at 12:41pm
In the eyes of all private funders and banks, your credit profile is the single most important thing about your business. Funding agencies, including traditional banks, judge your business on the basis of the kind of credit profile you have maintained. If your credit profile doesn’t show a promising sign of your business, no funder would want to be associated with you. Now that we have talked about the perils of a poor business credit profile, you would obviously want to know of ways which you can follow to improve your credit profile for the better. As a business owner…
Tips from Experienced Restaurateurs over How to Prepare for the Holiday Season
November 12th at 12:41pm
The holiday season is by far the busiest time of the year for any restaurant small business owner. This is the time when families are at home, and the only thing they want to do is go out and eat. If you’re a small restaurant owner during this time of the year, you have plenty of profits to gain and money to make. Starting from early November and going to the New Year, shoppers will throng markets with quite a few dollars in their purses. While they shop, they will also look to quench their hungers by eating out. This…