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How To Calculate Asset Turnover Using Your Financial Statement
When your company needs to find out how effective its assets are at producing revenue, you’ll need to know how to calculate asset turnover. Calculating your asset turnover will help your company identify large inefficiencies and give your departments some ideas on what to improve. In this article we’ll explain why asset turnover is an issue you should be concerned about, and then show you how to calculate asset turnover. By the end, you’ll have a few tricks up your sleeve and have a good understanding of when asset turnover is a relevant metric to consider and when it’s deceptive or...
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Great Work Perks for Your Employees To Attract Top Talent
If your employees are happy thanks to great work perks, you’ll never have to worry about losing them to another company.Perks supplement your employees’ salaries and other benefits to make working at your company a more enjoyable experience. By providing great work...
How to Determine Current Assets In Your Financial Statement
Calculating your current assets gives you a measurable means to gauge the stability of your business. It’s also something you need to know if you need to secure a loan. The precise definition according to Merriam-Webster is, “assets of a short-term nature that are...
Cost Saving Strategies That Can Keep Your Business in the Black
If you are a business owner, maintaining a strict budget can be everything. Here are some cost saving strategies to keep your business profitable.
Cost Containment Strategies to Help Your Business Succeed
Cost containment is hugely important for any business if it wants to improve its margins and overall profitability.
How to Make a Budget Plan to Keep Your Small Business Profitable
One of the most important steps in starting a small business is learning how to make a budget plan. It makes all the difference in the world.
Cost Saving Strategies That Can Keep Your Business in the Black
If you are a business owner, maintaining a strict budget can be everything. Here are some cost saving strategies to keep your business profitable.
Cost Containment Strategies to Help Your Business Succeed
Cost containment is hugely important for any business if it wants to improve its margins and overall profitability.
Simple Business Cost Reduction Ideas That Will Work
Searching for business cost reduction ideas? We know how it feels to want the best for your business. Read more to find out how to save money.
The Most Effective Cost Control Methods in Manufacturing
Whether your business is publicly held or privately, in the red or in the black, cost control methods in manufacturing are critical to maintaining a profitable company. In times when your competitors are outsourcing to Southeast Asia, or automating their manufacturing...
How to Make a Budget Plan to Keep Your Small Business Profitable
One of the most important steps in starting a small business is learning how to make a budget plan. It makes all the difference in the world.
Budget Model: Choosing The Best Budget For Your Business
Every successful business relies on one budget model or another. Find out how to choose the best for your business.
Which Is Better UPS vs. USPS For Your Company?
E-commerce sales have soared in recent years, with forecasts putting annual revenue north of $638 billion by 2022. Whether your business is small or large, it’s crucial to your bottom line to find the most economically and efficient way to ship your products. You may...
5 Types of Business Budgets: One is Not Enough for Success
Most business owners know the importance of a business budget. But, did you know there are five different types of business budgets you should use?
What Is the Procurement Process, Which Are Its Stages?
The procurement process consists of identifying the goods your company needs and finding ways to get them. At a first look, this process seems quite simple, but it’s actually a lot more complicated than that. The process has all kinds of underlayers and stages that...
Strategic Financial Management: What It Is and How to Do It Right
Most people who think about economics and accounting regard these disciplines as extremely exact and analytical. However, they often ignore the management part, which requires some creativity and the ability to look into the future. Strategic financial management is...
What is a Break-Even Analysis: Definition and Formula
The break-even analysis is a useful tool that lets you see what you need to sell, either monthly or annually if you want to cover the costs of doing business. This would represent the break-even point, where the total cost and the total revenue are equal. Today we are...
The Most Effective Cost Control Methods in Manufacturing
Whether your business is publicly held or privately, in the red or in the black, cost control methods in manufacturing are critical to maintaining a profitable company. In times when your competitors are outsourcing to Southeast Asia, or automating their manufacturing...
How To Write A Press Release For An Event
You’re responsible for telling the public about a new event your company will hold. What’s your first move? To prepare a press release, of course. But writing a press release may be more difficult than it seems at first. What should a press release include, and how...
The Most Effective Ways to Increase Sales Revenue
As a business owner, you’re always going to be looking for ways to increase sales revenue. Read more to find out how to make your business profitable.
How To Start A Business By White Labeling Products
If you’ve ever heard of white label products, you might be wondering if you could turn a profit by selling them. In this article, we’ll explain how to start a business by white labeling products so that you can jump into the fray and make your brand. What Does It Mean...
How to Hit Sales Target Goals The Right Way
As a business owner, where do you go for good advice on how to hit sales target goals? Search no more – we’ve got you covered.
Which Is Better UPS vs. USPS For Your Company?
E-commerce sales have soared in recent years, with forecasts putting annual revenue north of $638 billion by 2022. Whether your business is small or large, it’s crucial to your bottom line to find the most economically and efficient way to ship your products. You may...
5 Types of Business Budgets: One is Not Enough for Success
Most business owners know the importance of a business budget. But, did you know there are five different types of business budgets you should use?
What Is the Procurement Process, Which Are Its Stages?
The procurement process consists of identifying the goods your company needs and finding ways to get them. At a first look, this process seems quite simple, but it’s actually a lot more complicated than that. The process has all kinds of underlayers and stages that...
Active Versus Passive Investing: Should You Use One or Both?
Investment is one of the most important choices that you can make. Americans tend not to save enough for retirement, and making good investment choices can solve that problem. Investment is divided into two main approaches: active and passive. They have different...
What is Human Capital Management and How Can it Help Grow Your Business?
For a business to be successful, its leaders must learn how to manage the human resources at its disposal. For the employees to perform better, you need to know how to engage and show appreciation to them. To know how to maximize the productivity of your employees...
Entrepreneurial Marketing: What It is and How to Use It
Considering the new digital marketing age that we now live in, entrepreneurial marketing has become a means for entrepreneurs to market their products and services. They can do so just as efficiently as some of the more stable businesses and fortune 500 companies that...
How to Build a Brand for Your Business: the Basics
You can’t be recognized in your business industry without an identity. Business owners often forget why it’s important to build a reputation around the brands they have. Every product and service is only as good as the person or people who are selling it. You have to...
Business Development Vs Sales: What Does Each Do?
Conducting business efficiently to generate profit while maintaining ethical and professional standards is the ultimate goal of most organizations. Although some may view sales as the primary means of achieving this objective, the process is more deeply embedded in...
What are the Benefits of Telecommuting? But the Disadvantages?
Telecommuting is a new format of working that has been growing in popularity over the past 10 years. The idea of telecommuting allows employees to complete the lion’s share of their work from a location of their choosing. Some employees choose to work from home while...
Streamlining And Reducing Costs Of Self-Funded Health Plans with Si Nahra
Self-funded health plans can be a lot to handle for an employer with a lot of employees. Businesses need the expertise of professionals who can look at each and every employee’s health plan use to discover, recover, and remove the waste, abuse, and fraud in their...
Enjoy Cash Flow And Tax Savings With Cost Segregation Analysis with Todd Strumpfer
If you’re looking to accelerate depreciation of your commercial building, from real estate to personal property, and reduce your current taxable income, you might want to consider employing cost segregation studies. Cost Segregation Services, Inc. provides...
Manage Your Companies Cell Phone Expenses And Enjoy Great Savings With Mobilia Consulting Services
If you’re one of those who wince every time your company’s telecom bill arrives, then you probably haven’t heard of Mobilia Consulting Services. Donovan Lashley, Founder of Mobilia Consulting, a telecom expense management firm established in 2013, explains how cost...
8 of the Best Side Business Ideas to Try Out Today
Even if you already have a stable job, some extra money are always welcome. Some might think working two jobs is too much, but starting a business on your own can be a solution worth considering. The best thing about these businesses is the fact you don’t need a lot...
Breaking Down Marginal Benefits and Marginal Cost
Sometimes, businesses might want or have to produce more. In this case, they need to pay attention to a number of factors. These factors include marginal benefits and marginal cost, which are changes in general benefits and costs whenever there’s a change in...
What Is the Net Present Value (NPV) and How Do You Calculate It?
The Net Present Value, or NPV, is a vital element in finance. If you think about it in comparison with other concepts, NPV is not that difficult to grasp. Yet many people have a hard time in figuring out what it means and how to deal with it. Therefore, what is the...
