What is working capital? A working capital is the difference between the current assets and current liabilities of a business. This is a measure that is useful to businesses in order for them to be able to measure the ability to complete their day-to-day operations, which in turn mirrors the business’ financial health.
Running your business can quickly turn from an exciting endeavor to a mountain of stress once things go south. If you want to keep your business running smoothly, consider studying these 10 common mistakes and making sure that you’re not making them. 1. Not creating a business plan. Having a business plan
Cash flow keeps businesses alive and as much as you should measure your vital signs, you should keep tabs on your cash flow to see how your business is doing. The numbers that show what goes in and what goes out are critical to your success or failure. If you’ve been winging it all
Sometimes, motivation is overlooked by companies. But oftentimes, it serves a great purpose to have motivated a team. It’s important to have that extra drive and energy to achieve your goals. IF you want to elevate your business to the next level, these extra steps might help you achieve that: 1. Set a
Marketing is a very important aspect of a business. How we communicate the value of the products and services that we offer can play a huge difference in the growth of our business. With the availability of better resources to market our products in this digital age, we are placed in a more intense
Our world has changed right in front of our eyes within the past two years, whether it be in the tech space, fashion trends or even how we view and consume food and drink. It’s unsurprising that start-ups that want to disrupt the norm are popping up everywhere to fill all the gaps left
Why Diversify your business? Putting all your eggs in one basket seems to be the safest bet, but drop that basket and you’ll see all your eggs crack. The same applies to a business, having one sole focus might seem like the attractive and safer option however as the value of your single business rises