Other Business Management

A line of credit is similar to a credit card. The bank allows a business access to a set amount of money which the business can use as needed, up to the credit limit. This differs from a loan...

Measuring the effectiveness of your company's quality system is an essential part of your overall quality control program. Even if your quality management system isn't registered to one of the...

Getting into a franchise is an option many people turn to when they are looking to start their own business. When you join a franchise, you are buying into an already-established company that has...

An elevator pitch is a concise description of your idea, your company or your product. You should be able to deliver this description within the time of the average elevator ride.

Selling a restaurant can be a tricky process because so many of the variables that give a restaurant value are intangible and difficult to quantify, such as reputation, customer satisfaction and...

Safely operating a powered industrial truck, or forklift, requires the driver to be cognizant of the how much weight is loaded on the forks. Each machine has a load capacity rating that limits the...

Both business owners and contractors who subcontract work to others must determine whether these workers are employees or independent contractors according to the IRS. This determination will help...

With the passage of the Sarbanes Oxley Act, public companies are now required to document their processes. Process maps are used for this purpose. A process map is a type of flow chart. A...

To operate a construction forklift safely, the operator must perform a series of steps. Following these can help ensure that the work is done safely and efficiently multiple times a day.

Good record keeping is one of the most important parts of running a business office. Lost documents can cost businesses and customers a small fortune. Unfortunately, many businesses do not track...

A corporation and other business entities act through the board of directors. If you are a member of a company's board of directors, you know company moves and policies are proposed to the board...

Commercial cleaning companies offer services to businesses that do not have their own cleaning staff. Services include basic cleaning, such as emptying trash, dusting, vacuuming and sanitizing...

When the clientele of a dental practice dwindles, or the owner unexpectedly dies or becomes unable to continue practicing dentistry, it may be necessary for that established dental practice to...

A lease is a financial instrument used to secure payment against goods or a service for a specified amount of time. It must be agreed to by both the individual and company leasing the goods or...

The risk-free rate is usually based on United States Treasury bills, notes and bonds, because it is assumed that the U.S. government will never default on its debt obligations. Credit-adjusting...

Roots of the JC Penney retail chain go back to 1898 when James Cash Penney bought a one-third interest in a Golden Rule store in Kemmerer, Wyoming. Penney later bought out other owners in this and...

For any good business, an exit strategy must be developed at the opening of a business. Aside from a good income, building a strong business reaps the greatest reward when being sold. Selling a...

Entrepreneurs are by nature exciting and dynamic people. Accounting is dry, mundane and detail oriented, and most entrepreneurs find it distasteful. It is, however, absolutely essential to the...

Fair market value is described by InvestorWords.com as the price a non-desperate buyer would pay and that a non-desperate seller would accept in an open market. There is no set formula or...

An employee's paycheck often includes different types of pay, such as regular, overtime and benefit--vacation, sick and personal days. At least once or twice during the year, many employers do a...

S-Corporations are corporations that meet certain qualifications under the Internal Revenue Code that renders them exempt from most federal taxes. While this exemption is certainly an advantage...

Recording a fixed asset purchase, when you write a check for it is straight forward, but when you finance a vehicle, its an asset and a liability. Purchasing a truck or car on credit rather than...

When a company opts to issue stocks, which is equity, or bonds, which is debt, in the financial markets, either decision carries some risk. Despite the risks, issuing stocks or bonds in the stock...

Entity-relationship (ER) diagrams demonstrate relationships between the persons, places and things in an enterprise. An auto service business Crow's Foot entity-relationship diagram illustrates...

An affinity wall is a business research tool that helps you visualize connections among data gathered from interviews and observations within an office. Affinity walls begin with pieces of paper...

Holograms are used on credit cards to make them harder to forge. Amidst today's global financial gloom, the technology is important in order to make credit card scams harder to perpetuate.

A dental office must abide by many laws, rules, and regulations. A dental office manager must understand these laws, and ensure that their staff is in compliance. Dental office management...

One of the important lessons you learn in microeconomic class is that companies operate to make profits. The concept is not too far off for credit card companies who charge interest rate to...

Boards of directors play a crucial role in nonprofit corporations, founding the new corporation, overseeing legal processes and determining operational needs. The board interviews and hires an...

Collection agencies fill a need far more important to businesses in tough economic times than in a better economy. With cash flow squeezed by slow or non-paying customers, it might be necessary to...

Every business that takes checks from customers someday has to face a returned check for insufficient funds. This does not have to be something to be feared as long as there is a policy and...

Learning how to write for a nutrition grant takes time, patience, preparation and practice. Nutrition grants, like other grants, provide money to non profit organizations or individual...

Business judgment collections cannot be stopped without serious legal actions taken on the part of the debtor. A judgment in most states will last for years and can be renewed.

If you have ever worked outside the home, you probably know about OSHA. The Occupational Safety and Health Administration exists to keep the workplace safe and productive for employees. It is also...

As an individual extending credit to consumers, you have the ability to help other investors determine the credit risk for the consumers who work with you. If consumers pay on time, the debt can...

When starting a nonprofit business in Tennessee, it is extremely helpful to seek legal aid to ensure that all of your forms are properly filled out. Attorneys also provide an outline of what you...

Leadership is a skill that is learned through time and experience, yet its principals are often misunderstood in modern-day business. For any business to prosper in the future, it requires that...

Bottling companies consider switching from glass bottles to an alternative for several different reasons. Sometimes "greener" choices, thought to be more environmentally friendly, make sense. In...

As a business owner, you probably use several strategies to prevent bad checks. Despite your best efforts, you will likely receive an occasional check that was dishonored by a customer's bank....

Air compressors convert air to energy. Used to power mechanical equipment of many sizes, compressors come in various sizes and capacities. Using different pieces to operate and sustain the energy...

Depending on the type of medical degree you earn, you may opt to start your own private medical practice. A medical practice, however, is a business just like any other. Your patients are...

The recording of stock options is governed by Statement of Financial Accounting Standards # 123R. Booking the accounting entries is not the hard part; the hard part is valuing the options. ...

A D&B number, also referred to as a DUNS (Data Universal Numbering System) is a unique nine-digit number that is assigned to your business by Dun & Bradstreet, one of the major business...

A board of directors is composed of individuals who oversee the management of the corporation. Depending on the kind of company they serve, the members can be elected or appointed in a number of...

Financial figures are a tangible way of ranking a company's performance. One of the easiest ways to measure a company's success is by its gross revenue. Using this information, Fortune magazine...

Obtaining grants for Non-Profit Art Programs can be a highly competitive endeavor. Various public and private institutions and benefactors set specific terms and conditions that must be met for...

If you are the owner of the Dun & Bradstreet Number, you can contact Dun & Bradstreet customer service at (800) 234-3867 to obtain your number. If you are seeking the Dun & Bradstreet...

Capital flow is defined by the Financial Times as investment of one country in another. Other definitions of capital flow: movement of money from one country to another, international capital...

Dun & Bradstreet is one of the largest business credit-reporting agencies. The company has a large database with more than 140 million business records. Like consumer credit agencies, Dun...

Business policy decisions can have a profound effect throughout your company. Make the wrong decision, and you'll pay the price with disgruntled, irate or confused employees. Make the right...