Understanding how financial ratios tell the story This site contains affiliate links to products and services. We may receive a commission for purchases made through these links. Introduction: Owning a business is more than buying and selling, more than trying to sell services to clients. You must understand every aspect of the business. Every year,…
How to prepare your Management Section in a Business Plan
This site contains affiliate links to products and services. We may receive a commission for purchases made through these links. Introduction: A business plan represents an important document for third parties to understand and possibly approve credit; you must complete all parts with relevant information. In this post, we will explore more into the business…
Why Managerial Accounting is Important for Managers
Managers must understand the terms and concepts behind managerial accounting for planning, directing and better decision making.
How to use breakeven for analysis and decision-making.
Breakeven analysis shows managers how much revenues needs to accomplish profits.
How to Calculate Depreciation – Straight Line Method
Using Microsoft Excel Businesses acquire several types of fixed assets or plant assets for their operations. Those long term assets benefit more than one period; thus, the cost must be allocated between reporting periods. As we know, various methods for allocating exist such as straight line, sum of the years, double declining and others. As…
How to Create a Blog Post with Microsoft Word
Blog Post with Microsoft Word If you are on the go, with your tablet or laptop and need to write your posts but no access to internet I will give you a simple solution. Microsoft Word has a template for your blog post; therefore, you can create, save and then upload. Accessing the Template Open…
3 Main Roles of the Human Resources Managers
Organizations use Human Resources Management to improve the business’s ability to attract and maintain its personnel.
How to Start a Business from Ideas or Hobbies
This site contains affiliate links to products and services. We may receive a commission for purchases made through these links. 5 Tips to Start your Business Are you concern with the economy? Your job status does not improve not matter how much you do. You feel that your job does not compensate you enough for…
What is a certificate of deposit, or CD?
Use a CD to start your savings What is a certificate of deposit? A certificate of deposit, or CD, is a contract between you and your financial institution where you deposit a certain amount for a fixed period of time. For example, deposit $1,000 using a CD for x interest and for x months. The…
How to use a Savings Account for financial success?
Savings: First Step to Success Savings is the action of setting aside. In the financial world, you set aside certain amount of your funds. The idea to save means that you have for the future, for whatever plan you may have. How do you open a savings account? In the old days, people visited their…