Category Financial Management

Business Insurance A lot goes into running a successful business, but in the long term, one question matters most: are you making more money than you’re spending? If the answer is no, your business model isn’t sustainable. If the answer is yes, the follow-up question is usually about how you can make more. While most business owners get this right away, they tend to be less familiar with the role insurance can play in boosting ...
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Profit Margins Businesses will need to create money to stay afloat. Monitoring and tracking your profit margins is crucial since it suggests that the health of your organization, and if your business will grow and prosper. Whether you are a well-established company or a startup operating from a garage, then you need to understand your profit margins and ascertain what they ought to be.  Here is what you need to know about profit margins: What's ...
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Small Business Budget It is vital to be certain to set yourself on a path to success. One of the most important strategies is to create a small business budget which can keep your finances streamlined, efficient and in order. 1. Don't Co-mingle Your Business and Personal Finances This is huge! Co-mingling company and private money may seem simpler, but it may result in complications in the future. Additionally, it may be risky to make ...
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Are you under the impression that business credit and personal credit are one in the same? As a business owner, this is not a mistake you want to make. As we have discussed in the past, there are many differences between business and personal credit. So, if you want to avoid harming your business credit, if you consider this as important as your personal credit, it is important to answer these three questions: What is ...
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