One important topic on finance processes is knowing how to manage working capital. Working capital is the money it takes to run your business on a daily, weekly, and monthly basis. It is the money used to pay your suppliers for materials and the money needed to pay for the goods and services (i.e. inventory and payroll) you have used while you wait for your customers to pay you. Continue reading How to Manage Working Capital
What Would You Do with $1,000,000?
With $1 Million saved in your business would you:
- Pay off debt?
- Purchase new equipment?
- Invest/save for the future?
- Give yourself a bonus?
- Buy a new car, boat or plane? Continue reading How to Find Capital Using Inventory Procedures
Every retailer today, whether they own an eCommerce store or a brick and mortar one, know how much of a nightmare inventory management can be. But what exactly is inventory management? Continue reading Optimize Your Inventory Management and Increase Efficiency