Money. Profit. Business. Whether directly or not, everyone has a money or business situation lurking somewhere. Doing business is one of the popular ways to hit the rich status landmark. And when we talk about business, along with it comes major and minor challenges that can grow or bring down any multimillionaire idea. That is…
It is an unspoken business rule to review the financial books every day, usually at closing hours. And the why is so that the business owner can know exactly how much sales were made and how much expenses were incurred. The life of a business owner is usually between making profit and incurring expenses. While…
Typically, any business deals with at least two to three inventory types to effectively fulfill its business mission. Inventory is a key part of any business regardless of size. Managing inventory across the board becomes another responsibility of a business owner. Improperly managed inventory is a disaster waiting to happen. As a result, businesses will…
From having one sale as a business owner down to many other sales that will follow suit, it is crucial that you keep a record. It is expected that a business that is just starting out might have few records to keep. That does not mean you can boycott proper accounting as a business owner.…
