How do you know when a project is worth the investment? When is it worthwhile to spend a significant amount of money on new equipment or other business improvements? To answer these questions many businesses rely on the profitability index. What is the Profitability Index? Sometimes the...
The government is generally “nice” to businesses in terms of their tax liability. In fact, the corporate tax rate is as low as it has ever been. Large enterprises are really benefiting. But what about the little guy? Well, there is help out there for...
You’ve decided it’s time – time to become a business owner. But instead of building a venture from the ground up, you’d rather buy an existing company. You have spent months researching potentials, matching them with your interests and expertise. Finally, you have found “the...
When a consumer feels he has been harmed by a company, they often sue. And because companies want to protect themselves, they buy liability and/or errors and omissions insurance. In some cases, companies also bond their workers – usually those who are sent out to...
Every small business owner needs to figure out his company's solvency – its ability to bring in enough revenue to pay its bills and still realize some profit. Solvency is important because it can be a gauge of whether a company's general health is good...
A lot of people are attracted to property management. It seems relatively low-risk and it is certainly among the lower cost business ideas. And it can be a natural extension for those who are already involved in some aspect of real estate full-time or a...
Businesses today have no lack of choice when it comes to billing. And sometimes the sheer volume of options can create more confusion than clarity. So if you are wondering what is an eCheck and how it’s different from other business payment methods, here are...
One of the most important decisions you'll have to make as a business owner is which accounting system to use for record-keeping. The good news is that your choice is pretty straightforward – cash basis or accrual accounting. A lot of small business owners choose the...
Writing checks is fast becoming a thing of the past. When people need to pay their bills or make purchases, on or offline, they use their credit or debit cards, or payment processing accounts, like PayPal. And the use of fully online banks is a...
How do you pay for operating expenses, when your business is just getting started? What do you do when it’s time to grow, or you need to purchase more supplies quickly? Many entrepreneurs turn to their business credit cards to get the funding they need....