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What Is Your Accounts Receivable Turnover Ratio And Why Is It Important?

Many service-based businesses do not get paid immediately after serving their customers. Instead, they send invoices to their customers that contain the agreed-upon due date for the full payment. This business model has worked for generations but doesn’t always achieve the expected result. Common problems include customers failing to pay on time and businesses extending […]

The Best Online and Hands-On Home Business Ideas In 2019

The increasingly prevalent role of the Internet in countless businesses has exposed the unrivaled convenience of working from home. More and more companies now offer remote work for employees, and starting your own home-based business has never been easier. Thanks to the Internet, you don’t have to leave the house to talk to clients, perform […]

Business Valuation Methods: How To Choose The Right One

It’s important to know your business’s value for multiple reasons. You’ll likely need to present this figure when speaking to investors and financial institutions. If you sell your business, you must make sure to offer an appropriate price. When reaching out for media coverage, attaching an impressive valuation to your business will greatly increase your […]

Business Startup Costs: Everything You Need To Know

Aspiring entrepreneurs need to know several very important things before starting new businesses. First, they have to know what kind of business to start and how their strategy will achieve success. But that’s just the fun part. Once these thrilling brainstorming sessions come to an end, you must now determine your business’s startup costs. The […]

APR: What Does It Mean And Why Is It So Important For Business Loans?

APR, which stands for “annual percentage rate,” makes it very easy to compare the costs of different business loans or credit cards. The need to calculate APR stems from the fact that in addition to interest or factor rates, most business loans have multiple fees. This can include loan origination fees, document preparation fees, processing […]

5 Ways Good Business Credit Can Help Your Bottom Line

By: Gerri Detweiler It’s unlikely that a day goes by where you don’t make a decision that will, for better or worse, impact your bottom line. From what vendors you work with to who you hire, each decision sets in motion cash-flow patterns that can affect your revenue stream for months — if not years […]

How To Calculate Cost Of Debt For Business Loans

When shopping for business loans, it’s extremely important to know each option’s true cost. At first, that seems pretty easy: you just calculate the loan’s APR, right? This might help you determine the cheapest option available. But when you think of the big picture, it becomes clear that APR does not account for numerous other […]

The Most Important Types of Small Business Insurance

No business owner wants to think about property damage and legal claims. They already have enough to worry about. And how many companies have actually had to use their business insurance? Well, for those that did, the decision to purchase the right insurance package likely prevented their companies from going under. Just one unexpected crisis […]

What Is The Asset Turnover Ratio Formula For Small Businesses?

The success of your small business largely depends on your management of working capital. But working capital doesn’t just mean cash. By definition, the term working capital refers to all assets currently available for covering business expenses or operational costs. In other words, it’s not how much cash you have that matters. It’s the value […]

What Is The Net Working Capital Formula For Small Businesses?

When it comes to the responsibilities of business owners, very few can match the importance of staying on top of the right numbers. This includes profitability, performance data, and of course, working capital. Small business owners must constantly keep tabs on how much working capital they have on hand. Without this information, countless critical tasks […]