August 9, 2022
A business has many obstacles during its first year, and making costly financial mistakes is often inevitable. Unlike large companies, small businesses may not have the assets to rebound from such mistakes. What are the biggest financial mistakes small businesses make?
January 14, 2022
For a start-up company, financial strategies for business are important to cover a lot of expenses and to give you enough resources to keep on moving forward as you start generating profit–and here is where start-up business loans come in. From your working capital, inventory, to real estate and equipment, sometimes your funds on hand are not enough. Which loan is best for starting a business?
January 7, 2022
Working Capital is a common measure of the health of your business operations. Knowing how to manage working capital is a crucial aspect of financial procedures. Working capital refers to the funds required to operate your firm on a daily, weekly, and monthly basis. It is the money used to pay your suppliers for materials, as well as the money needed to pay for the items and services (such as inventory and payroll) that you have utilized while waiting for your customers to pay you.
January 4, 2022
We know that a good Return on Invested Capital is required to attract investors, but we also need our cost of capital (i.e. debt interest) to be lower than our Return on Invested Capital (what we do with investor money). The idea is to find cash for as little as possible and then invest it in projects within your company that will return as much as possible for less than the cost of capital. What is the weighted average cost of capital (WACC) and how is it calculated?
June 30, 2021
The generation of people who were born between 1946 and 1964, the baby boomers, are gradually phasing out of the workplace. They are retiring in large numbers and many of them will require special care and services in retirement. This has created a business opportunity for people who can provide healthcare services. How do I start a successful home care Business?
March 24, 2021
Do you know how much business capital your company needs to fuel your growth? Balance debt and equity to optimize your financial management.
December 8, 2020
A business plan will help you see the bigger picture and make vital decisions concerning your business. Where do you start and How do you write a business plan for a startup?
December 4, 2019
Guerilla style bootstrapping is one of the most common paths aspiring entrepreneurs take. No matter what kind of business you’re in or whether you succeed or not: everyone respects those who put in the hustle. Bootstrapping is a romanticized idea. But, even though it can help you make it big, it also has its pitfalls. Here are the pros and cons of bootstrapping.
December 2, 2019
Return on Invested Capital is used to determine the effectiveness of the cash invested in your business. Do you know how to determine this?