When you're starting a business, your main concern is likely how you're going to make and deliver your product. However, you should also consider the structure of your business. Creating a limited liability company offers several advantages over other entity choices, such as a sole proprietorship or corporation, but an LLC isn't for everyone.
The decision to start a business is hard. The realization that the business must close is harder. Corporations -- including S corporations -- that have to file formal paperwork to form the business must also take formal steps to dissolve it. Closing the location is not the same thing as a full dissolution, as the business form continues until the business is dissolved.
An accurate estimate for your materials and labor lessens the risk of fights over your bill and improves the likelihood you will be paid in full and on time. An estimate template standardizes your process, and helps to eliminate instances when you forget to add in an important charge. Your customers also depend on the accuracy of your estimates for their own budgeting, and when they are happy with your bill, they recommend your company to their friends.
Retail operators routinely hire loss prevention associates to keep an eye out for potential shoplifters and to stop them before they get away with stolen goods. Other laws exist that protect shoppers by governing the methods store employees can use to apprehend suspected shoplifters. These laws vary by state.
Many states and local governments rely on sales taxes to generate funding. Alaska, Delaware, Montana, New Hampshire and Oregon are the only states that don’t impose a sales tax, although some local jurisdictions are permitted to collect their own. Because sales taxes are owed on the price consumers pay, states require businesses to collect and remit sales tax on their taxable sales. Before a state can require a business to pay sales tax, the business must have a sufficient presence in the state.
One person's junk makes treasured possessions for others, and the junk business involves separating useful items from scrap, selling viable items as-is or repaired and making profit by recycling metals and materials. Automobiles provide profits for junkyards from the sale of used parts and scrap metal. Towing cars and heavy junk involves using a truck, so entrepreneurs can provide towing or hauling services in conjunction with a junk business. Buy recyclables at discounted prices to generate additional income.
Like any industry, the trucking and transportation sector encompasses businesses with varying levels of financial strength. While some unique metrics can be used to measure trucking companies, industry financials can be judged based on metrics similar to those used for other companies. Ultimately, a strong trucking company has healthy earnings and its debt is under control.
Despite the widespread presence in many cities of specialty stores catering to the market for organic and natural foods, the industry does face several threats. Groceries are a necessity rather than a luxury, so most grocery stores compete on price and convenience to appeal to the majority of consumers. The organic and natural food market appeals to a smaller segment of the public.
Federal tax laws designate a category of business that provides the single-level of taxation that owners of partnerships enjoy with the legal advantages of incorporating: S corporations. One of the most complex tax issues owners and businesses run into is the treatment of business assets. Managing assets in an S corporation requires tracking their tax basis and also noting when an exchange produces a taxable gain or loss.
DBA is short for "doing business as." A DBA designation, also known as a fictitious name, is used by a partnership, sole proprietorship or an LLC when that business entity is operating under an alternative name. Whether or not your general partnership needs a DBA depends on the name you are currently using to transact business.
Writing a business plan requires a lot of time and effort. For this reason, many businesses are happy to hire someone to do the work of crafting their business plans, making it an excellent opportunity for freelance writers. There is no rule as to how much you should charge. When setting your fees, consider how long the project is likely to take, how much you need to earn to live, as well as the amount of experience and knowledge you’re bringing to the project.
A service agency agreement is a legal contract between two entities that binds them to perform specific duties for each other. A small business, for instance, may use a service agency agreement to hire an accountant, or an actor may use a service agency agreement to hire an agent or marketing rep. The relationship created by a service agency agreement rests on both implied assumptions regarding the nature of such an agreement as well as on the clearly defined terms of the contract itself.
The bargaining power of suppliers in the fast-food industry varies significantly from business to business and across time and location. A fast-food business's investment in a specific supplier and the availability of other suppliers both play key roles in supplier bargaining power.
Tracking inventory in a restaurant benefits everyone, from employees and customers to owners and managers. The staff has the ingredients it needs to create and serve menu items and customers receive what they order in a timely manner. Managers can rely on a proven ordering system and restaurant owners realize greater profits when stock reflects the exact needs of the eatery at any given time and fewer food items go to waste. Effective storage, ordering and usage all play a role in increasing efficiency.
Internal audit departments are responsible for ensuring that an organization runs effectively and efficiently in compliance with legal regulations and industry standards. Community banks -- those that operate locally as individual branches, cooperatives or small partnerships -- often have a centralized audit department that works to ensure that the company is following generally accepted accounting principles, is not the object of fraud or misappropriation of funds and is operating in the black. The organizational structure of the audit department helps to determine who is responsible for each of the department's various roles.
Your business's environmental policy isn't written for the benefit of the Environmental Protection Agency. It's written to keep the environmental impact of your business in front of your officers, employees and everyone else. It also helps your employees understand that each of their actions can have a cumulative effect -- for better or worse -- on the environment, their families and the world in and around your plant.
Organizational effectiveness speaks to the heart of a company’s purpose -- why it was formed, who it serves, what its vision of success is, what products or initiatives help to achieve that success and how operations support that success. There’s a natural flow across all of these elements. If your company is willing to ask the right questions and can arrive at practical solutions, it's well on its way to achieving organizational effectiveness.
Selling food products in retails stores has become an increasingly successful business for specialty cooks, artisan bakers, farmers, and people who simply enjoy creating their own signature brands. The popularity of sustainable foods and local sourcing has made small brands, local produce and proprietary condiments in high demand at restaurants, shops and supermarkets, but it takes more than great products to build a food business. You can succeed with the right food product and an organized marketing and distribution strategy.
Nightclubs need an actionable sales strategy that encompass employee behavior, operations and marketing while responding to social changes. In particular, nightclubs must cope with a shifting cultural landscape that increasingly deemphasizes alcohol consumption as a central component of going out. By reorienting toward an experience- and entertainment-driven approach, nightclubs can boost sales.
Verbal introductions are commonplace in business. They occur in a range of situations such as between a job candidate and prospective employer, associates who are collaborating on a project, or a newly appointed CEO and corporate sponsors. Introductions inform those who receive them, but they also promote relationships and obligations. For these reasons, do not approach introductions as merely situational – keep your long-term objectives in mind.
Many times, progress reports require a team approach. A diverse group may be responsible for implementing the project – or have shared accountability for its results. Before you move into actually writing, the key is to revisit the scope of work, then define who is responsible for collecting what information (and by when). The report, itself, should emphasize positive developments while offering honest information about setbacks and planned efforts to tackle them. Beyond these steps, it’s important to create an atmosphere where team members openly communicate and are comfortable working towards a common goal.
Inventory theft, or "shrinkage" accounted for $35.28 billion dollars in losses to the retail industry in 2011, according to MarketWatch. Of that total, more than 44 percent can be traced to employee theft, with another 25.8 percent going to shoplifters. A separate study by Ernst and Young reports that customers account for most of the thefts, but employees are responsible for a higher dollar amount because they tend to steal higher-priced items. A company can take several measures or combine them to reduce employee and customer theft.
When a client accuses your company of stealing, you might be tempted to circle the wagons and defend your company to the death. But every customer complaint needs to be taken seriously, and an allegation of theft could actually be a helpful piece of information that protects you from a thieving employee. Even if the allegation turns out to be false, though, you'll need to take action to protect your company.
Quality evaluation procedures ensure the effectiveness and consistency of quality-improvement initiatives by monitoring, tracking and reporting on their progress. All quality-improvement goals should be measurable, and quality evaluation procedures should be in place to track each measurable outcome. Understanding the different types of procedures involved in evaluating quality improvements can help you design effective monitoring and evaluation systems for your business.
The sole owner of a closely held corporation can take out money in any amount she chooses; multiple owners of a closely held corporations can do the same, provided that the owners agree. Some ways of taking money out, however, enjoy considerable tax advantages over others, and may draw the scrutiny of the Internal Revenue Service. IRS warnings to S corporations and a 2011 tax court finding suggest that owners of S corporations should be particularly mindful of IRS regulations regarding executive compensation.
Businesses operate through a series of agreements, even in their most simple transactions. Customers agree to pay money for the goods or services you provide, and you agree to provide goods and services worthy of their money. Many business agreements such as simple sales transactions require no documentation other than sales receipts. Other business agreements are more complicated and weighty, and require written agreements that clearly detail their terms. Business agreements with high stakes and especially complex terms should be drafted with the help of a lawyer.
When a business fails to fulfill its duties to management, employees, vendors and customers, it leaves itself open to legal claims of negligence. Defending against negligence lawsuits can be costly for businesses, and even if they win, their reputations can suffer damage. Business owners need to understand what actions constitute negligence, the legal penalties for negligence and how to protect themselves from negligence lawsuits.
As the owner of a small business, your payroll is likely one of your largest expenses. Whether you have a few employees or dozens, missing your scheduled payday can have dire consequences. Even in good economic conditions, it’s not uncommon for small businesses to face cash-flow problems and shortages. In these situations, you need to act quickly to avoid possible lawsuits or other legal repercussions.
The federal government and state and local governments offer tax benefits in recognition of the value of the services of nonprofit corporations. A nonprofit organization might perform tasks that the government can't, or it might augment services that government agencies provide.
Working as a business owner or contractor gives you the power to choose what work to do and how to get it done, but it also means you're responsible for paying taxes on your earnings. Employees of a company generally pay income tax automatically through tax withholding, but self-employed people have to send tax payments to the Internal Revenue Service. However, business owners are granted tax deductions on most business expenses, which can help limit the total amount of tax owed.
With various receipts, statements and other records, it's all too easy to mix your business and personal expenses. However, this co-mingling of funds could cause you to lose valuable tax deductions or even to pay penalties if these records get too confused. By clearly separating your business and personal expenses, you can reap financial and organizational benefits.
Savvy business owners need to be aware of how loitering can affect their businesses. While some establishments, such as coffee shops, allow individuals to use their facilities without making a purchase, most businesses prefer to enforce local ordinances to keep loiterers moving on. Some loiterers may have the most innocent of motives for loafing around your business, but many can cause problems and even the well-intended can lead to a decline in business.
When your business creates something, it's almost always copyrighted from the get-go. Under U.S. law, creating a unique piece of work and moving it into some sort of tangible medium -- like publicly showing it, putting it on a website or printing it out -- automatically creates a copyright. While you have a copyright at that point, though, you can't sue to protect it. For that additional level of protection, you have to register your work with the U.S. Copyright Office, which will put a copy on file at the Library of Congress.
Groups of individuals have a variety of legal and financial reasons for establishing their businesses as corporations, but a special type of corporation may also deliver tax benefits even when only one person is the owner. Status as a subchapter S corporation allows the shareholder who also works as a corporate officer to owe less tax than he would as a sole proprietor. This tax-savings is achieved by understanding the difference in tax mechanics between sole proprietorships and S corporations.
Corporations are generally allowed to carry out any business act that people may execute. This includes purchasing securities such as mutual funds. The actions of a corporation are distinct from the conduct of its individual owners — as if the corporation is a person. Consequently, the tax reporting for corporate ownership of mutual funds is separated from securities transactions of the corporation’s shareholders. However, when an S corporation federal tax classification is chosen, the tax impact of owning mutual funds is passed through to the shareholders’ personal tax returns.
The number one rule of finance is that a dollar today is worth more than a dollar tomorrow. Companies can increase their purchasing power by keeping the maximum amount of cash on hand. Although companies focus many of their efforts on profit, having cash on hand allows a company to handle unexpected expenses and take advantage of unexpected opportunities.
The IRS does not actively or routinely set out to shut businesses down. Businesses bring in tax revenue through regular income and employment taxes, plus businesses keep people employed. However, the IRS must actively collect on back taxes owed by companies. When owners ignore IRS attempts to collect back taxes, the IRS may begin to collect more aggressively. Some enforced collection action can temporarily impair business operations or make it appear as if the IRS does want the business to shut down.
Inventory shrinkage refers to when your company's stock of goods decreases for reasons other than sales. It's measured by comparing your company's actual physical inventory to what your accounting records say it should be. Shrinkage can come from employees stealing goods, customers stealing goods, paperwork errors or by process and stocking errors. In any case, it's a direct hit to a company's bottom line.
A company's cash cycle represents the amount of time between inventory purchases and the receipt of cash. The lower the cash cycle, the more efficiently the company extracts cash from its operations. A company may be able to show outstanding sales and profits but low cash flow because cash is tied up in operations. When this happens, managers can't use cash for new investments or to pay unexpected expenses.
In running a retail business, overhead operating costs associated with having a storefront can significantly cut into profits. Of course, having a storefront gives customers a brick-and-mortar location to physically visit when browsing and making purchasing decisions. However, a number of other viable retail selling venues are available that don't require leased or purchased business storefront space at all.
Patents, trademarks and copyrights are the three most recognized types of intellectual property. Patents protect inventions, trademarks protect a company's logo or slogan and copyrights protect artistic and creative works. Patents and trademarks are handled by the United States Patent and Trademark Office, or USPTO, and copyrights are handled by the Library of Congress.
Dead inventory consists of the items that nobody wants to buy. They may be taking up shelf space in your store, or collecting dust in the warehouse. Just because you've already spent money to buy the items doesn't justify keeping them forever. Dead inventory drags down your financials in several different ways.
High turnover in a business increases recruiting, hiring and retraining costs and results in lost productivity. Examining why people voluntarily leave their positions with your company can help you find solutions for retaining, motivating and building a staff with longevity.
Depending on the type of industry you're in, sales either expand exponentially or shrink significantly toward the end of the year. For example, retail sales often go up around the holidays, while other businesses, such as professional services, decrease. Regardless, every business needs a bit of motivation to get focused and back on track when the new year rolls around.
Building a good relationship with your banker can make life a lot easier for a small business owner. Bankers have the knowledge and experience to find you the best ways to operate the business and manage cash flow. If they have a personal relationship with you, they may be more willing to extend your business a line of credit or help with problems. Smaller banks are more flexible than large ones, but may also have less money to lend out.
When a business budget goes off track, it can throw a company’s finances into disarray. Small, unanticipated expenditures, cost overruns and employee abuse of buying privileges have the potential to derail even carefully crafted budgets. Keeping spending in check requires planning and diligent oversight of accounting practices.
The S corporation election allows a company to operate as a corporation but not pay taxes at the corporate level. With an S corporation, earnings pass through to shareholders to be claimed on their individual tax returns. Depending on how the company's results and cash flow are managed, a significant difference can exist between the tax reported earnings and what a shareholder receives in dividends.
Spreading investments across a number of different businesses reduces the investor’s exposure to business risks, such as poor management decisions or supplier shortages. However, many smaller investors cannot diversify their own portfolios because their funds are inadequate to spread out over enough companies. Investment companies allow investors to pool their funds and benefit from professionally managed investments spread across a large number of companies and industries. How investment companies are taxed can vary with how they are formed.
Board members are required to exercise reasonable care in the management of a corporation’s business affairs, and that includes staying on top of an organization’s finances. They do this using reports from the organization’s treasurer, receiving reports on a schedule that depends on the organization’s bylaws or instructions from the current board.
You formed your LLC, established a bank account, and watched your business rapidly pick up speed. Your time is money, and you do not have time to handle the day-to-day bank transactions anymore. You need to select someone to add to the LLC bank account. Among other important aspects, you have to make sure that the authorized signers are people you can trust. You don't want to add the wrong person to the account and wake up to a zero balance.
Your business success depends on your daily operations. Regardless of what a successful business means to you, whether moving sales volume or providing excellent customer service, there are particular tasks that your business must pursue to achieve its goals. Focus on these activities daily to ensure success and longevity.
The success of any business depends on how efficiently it can attend to its customers and provide them goods and services. Keeping customers waiting in long queues only makes them impatient, and you’re likely to lose business to another establishment that can manage its customers better. With efficient management of queues, you can direct your managers and employees to work quickly and efficiently, thus reducing cost and improving profitability.
Distributions from a partnership consist of a partner’s share of income as well as partial or complete liquidation of the partner’s interest in the partnership. A distribution is accounted for by the partnership as a reduction in the partner’s capital ownership of the business. Partner capital is also referred to as the partner’s basis inside the partnership. General partners and limited partners both can receive distributions, but only a general partner controls operation of the partnership.
A SWOT analysis examines the strengths, weaknesses, opportunities and threats faced by a company, organization or individual. It sometimes also is used to assess standalone projects or decisions. The strengths and weaknesses portions emphasize current conditions and generally are far more focused on internal characteristics. The opportunities and threats sections highlight important positive and negative, which primarily are external.
If Sunday nights at your restaurant tend to be on the sluggish side, there are ways to boost business that don't have to appear cheap or desperate. It's all about generating opportunities beckoning people to give your eatery a try. However, you don't want to overpromote one day to the detriment of your brand image or discount so frequently or drastically that people will associate you with lower-end prices.
An individual employee, sub-committee or outside agency can be responsible for the development of specific organizational policies and procedures. Who gets assigned this task will depend on the topics or issues being covered and the employees or departments for whom the policies and procedures are designed, Procedures define how things are to be done within an organization while policies define the rules or guidelines under which these procedures are executed.
A business may choose to invest in securities for several reasons. For example, a company might want to take a significant stake in another company by buying voting shares. A company might buy stocks, bonds and other securities simply because it seeks interest and dividend income or a trading profit. Capital gains affect a company’s general ledger, income statement and balance sheet.
Personal issues can negatively affect an individual’s work performance and a company's overall productivity. Some companies attempt to mediate such effects by establishing employee assistance programs through which workers can get expert guidance and counseling in addressing a variety of personal problems including substance abuse, marital issues and parental care. An EAP also assists managers in addressing employee performance, behavioral issues or workplace conflict, violence and other incidents, such as accidents or employee deaths.
A small fire can turn into a blazing inferno, a summer storm can produce dangerous lightening and carelessness in a hazardous environment can result in injury or death. While these occurrences are not typical in the workplace, they do happen. Business owners and managers must have a working and proven notification system to alert employees and others who might be affected by emergencies in the workplace.
Traditional marketing logistics methods have had to adapt to an ever-changing world. Technological advancements have revolutionized all aspects of business, transforming the ways companies develop, distribute and market products. While making businesses more efficient, improved marketing logistics have also increased customer expectations, raising the stakes for everyone involved.
Running an accounting firm is uniquely challenging. Unlike many companies where the CEO is the top of a pyramid of individuals, many accounting firms are structured as partnerships where the leader is the first among equals. At the same time, many firm leaders are still dividing their time between their practices and their management duties. Even with these challenges, there are ways to increase your effectiveness and build a better firm.
Christmas is a wonderful time of year, especially for some small-business owners. For many businesses, Christmas accompanies a hike in sales. But for others, it accompanies a drop in sales or no change at all. Several factors affect sales and you should keep several things in mind when you are setting your sales expectations.
Forming a limited liability company is a good way to protect yourself from being personally liable for the debts and obligations of your business. However, this protection is not absolute. If your business runs afoul of its duty to comply with the regulations of the Occupational Safety and Health Administration, you can be personally liable for paying fines and, in a worst-case scenario, face criminal charges.
Your business is bringing in the sales. In fact, you’ve expanded by opening a couple of more locations that are thriving. Now, you want to grow even more, and are considering opening a franchise. The next step is to develop a franchise concept that helps you take a closer look at what you offer and what you need to accomplish to market your idea to potential franchisees.
"Shareholder" and "equity holder" are related but different terms. An equity holder is anyone who has a stake in the ownership of a company, and a shareholder is one type of equity holder. Companies can sell stock in particular and equity in general as a way to finance projects or cover operating debt, expansions or other outlays.
Operational Excellence, sometimes referred to as “OpEx,” is a strategy used to create an efficient, productive workplace that continually improves using streamlined teamwork. More than a catchphrase, Operational Excellence puts customer satisfaction first by developing and using an action plan involving all the people, processes, systems, technologies and equipment involved in your business. It's a powerful tool for any size or type of business -- from retail to manufacturing -- focused on sustaining and increasing profits.
If you really want to start a dress shop, one of the first things that you're going to have to figure out is where you're going to get the money. Start a dress shop with help from an expert with over 13 years of professional experience in the oil and gas and manufacturing industries in this free video clip.
Starting a shoe shop requires you to think very carefully about the brand that you're trying to establish. Start a shoe shop with help from an expert with over 13 years of professional experience in the oil and gas and manufacturing industries in this free video clip.
Excluding jeans from the dress code at the work place is a great way to keep things looking professional. Exclude jeans from the dress code at the workplace with help from an expert with over 13 years of professional experience in the oil and gas and manufacturing industries in this free video clip.
When writing a warning about a dress code at work, you're going to have to be very detailed about the exact nature of a violation. Write a warning about a dress code at work with help from an expert with over 13 years of professional experience in the oil and gas and manufacturing industries in this free video clip.
Revenue-producing ideas for cultural arts can encompass a wide variety of different things, like reaching out to local celebrities. Find out about revenue-producing ideas for cultural arts with help from an expert with over 13 years of professional experience in the oil and gas and manufacturing industries in this free video clip.
One great way to promote an upscale ladies shoe salon is to throw a fundraiser. Get ideas for promoting an upscale ladies shoe salon with help from an expert with over 13 years of professional experience in the oil and gas and manufacturing industries in this free video clip.
Starting your own shoe brand requires you to get your footing in an already huge market. Start your own shoe brand with help from an expert with over 13 years of professional experience in the oil and gas and manufacturing industries in this free video clip.
Developing and branding a fashion merchandising portfolio requires you to give thought to the individual seasons. Develop and brand a fashion merchandising portfolio with help from an expert with over 13 years of professional experience in the oil and gas and manufacturing industries in this free video clip.
Certificates are not required to be a fashion magazine editor, but they definitely help. Find out if you need certificates for being a fashion magazine editor with help from an expert with over 13 years of professional experience in the oil and gas and manufacturing industries in this free video clip.
Daycare advertising plan objectives involve a lot more than just babysitting. Find out about daycare advertising plan objectives with help from an expert with over 13 years of professional experience in the oil and gas and manufacturing industries in this free video clip.
Direct selling involves a salesperson’s face-to-face interaction with a customer. Car salespeople, for example, interact with customers in person. Some direct selling takes place in a retail environment, while other forms involve visiting customers’ homes or places of business. In direct selling, salespeople might receive a salary, a commission on closed sales, or both. Many types of direct selling exist, one of which is multi-level marketing.
A secured claim in bankruptcy is backed by property or collateral of the debtor. When a debtor files for Chapter 7 bankruptcy protection, a court-appointed trustee seizes assets and distributes them to creditors; in Chapter 13, the trustee sets up a plan for partial repayment of the debts. Debtors in a bankruptcy case must list their secured creditors using Schedule D of the bankruptcy petition.
Drafting a catering contract requires you to include a lot of details. One of the more important details is the deposit. The deposit secures a client’s appointment with your catering services, but also protects your catering company from unexpected cancellations, changes or inclement weather that would otherwise create a loss for your company. When you’re determining the deposit amount you can use a set percentage or base the deposit on unique factors surrounding the event.
The way a business organizes management and workers on the ground level has a significant influence on how it operates. Vertical or tall companies are businesses with have many levels of management between the chief executive and average workers, while horizontal or flat companies have few levels of management. Both types of management structure offer some notable benefits and drawbacks.
Healthcare was a $1.75 trillion industry in 2010, according to the Department of Commerce. But the industry is changing, thanks to new government programs meant to provide insurance coverage to more people. To stay profitable, you need to understand the new challenges that could affect how you market and provide services to patients through your healthcare business.
Expanding businesses often seek to enter new markets to gain access to more consumers to buy their products and services. Emerging markets describe economies experiencing rapid industrialization, modernization and economic growth, such as China, Brazil and India. Doing business in emerging markets presents a variety of legal, logistical and technical challenges but can also offer some significant advantages.
Costs that offer no future value to a company are commonly referred to as non-value-added expenses. To add future value, a cost should generally improve operational efficiency or production quality, or enhance customer benefits. While some non-value-added costs are legally, ethically or practically necessary to operate a successful business, eliminating those that the company can do without is often a key step in growing a lean operation.
Sales meetings are an important element of sales management. They provide the sales force with the information and motivation they need to increase revenues. Companies may hold regional sales meetings weekly or monthly in separate locations to reduce traveling, while holding major meetings, such as a product launch or annual conference for the entire team, in a central location. To reduce travel time and costs further, companies may hold regular meetings by videoconference.
Confidentiality agreements, commonly called nondisclosure agreements, are used to protect trade secrets or proprietary information. Although individuals typically sign confidentiality agreements, it is possible for two companies to enact a confidentiality agreement that binds their employees. For a confidentiality agreement between two companies to be enforceable, the agreement must specify which employees will have access to the information and how the confidential information will be controlled within the organizations.
Supply, along with related concepts like the supply curve and the supply function, is helpful for describing the relationship between what businesses produce and the prices they can charge. Like demand, supply relates output to price, but supply is a way of illustrating how much output businesses are willing to place on the market rather than a reflection of what consumers want.
Managers have to weigh different obligations when making decisions. Policies and procedures, ethics guidelines, directions from superiors, customer needs and strategic goals all affect the final outcome. Although you may know all these guidelines, you may feel intense pressure to get results. This contrasting pressure between the ethics policies your business has in place and the need to produce short-term results can cause ethical dilemmas.
Getting funding for a clothing line requires you to find an investor who has the same line of thinking that you do. Get funding for a clothing line with help from a business consultant and marketing expert who has owned a wholesale and retail business in this free video clip.
Getting a license to do FHA appraisals requires you to meet certain minimum eligibility requirements that are very important. Find out what license you need to do FHA appraisals with help from a business consultant and marketing expert who has owned a wholesale and retail business in this free video clip.
Fractional ownership financing might be a concept that you'll come up against if you're selling vacation homes to multiple owners. Get a list of the problems with fractional ownership financing with help from a business consultant and marketing expert who has owned a wholesale and retail business in this free video clip.
Thrift clothing businesses require a steady stream of high quality clothing to survive. Get answers to your frequently asked questions about thrift clothing businesses with help from a business consultant and marketing expert who has owned a wholesale and retail business in this free video clip.
The types of liability insurance for contractors cover workers injuries, business equipment and more. Learn about the many types of liability insurance for contractors with help from a business consultant and marketing expert who has owned a wholesale and retail business in this free video clip.
Accredited vested hours in a pension plan are commonly determined by the pension plan itself. Find out about accredited vested hours in a pension plan with help from a business consultant and marketing expert who has owned a wholesale and retail business in this free video clip.
Miscellaneous assets are assets that cannot be categorized in general categories on a balance sheet. Find out more about miscellaneous assets with help from a business consultant and marketing expert who has owned a wholesale and retail business in this free video clip.
The LIFO method refers to the concept of being "last in, first out." Learn about the reasons of using LIFO for costing inventory with help from a business consultant and marketing expert who has owned a wholesale and retail business in this free video clip.
The capital budget may or may not affect the company's operating budget depending on the situation. Find out if the capital budget affects the company's operating budget with help from a business consultant and marketing expert who has owned a wholesale and retail business in this free video clip.
Leverage ratio is total liabilities divided by equity. Find out about the difference between leverage ratio and operating leverage with help from a business consultant and marketing expert who has owned a wholesale and retail business in this free video clip.
Bonds payable on a balance sheet is a type of account known as a payable account. Find out about what type of account a bonds payable is on a balance sheet with help from a business consultant and marketing expert who has owned a wholesale and retail business in this free video clip.
Earnings can be categorized in a number of different ways, from interest to depreciation and everything in between. Find out about the definition of the ratio of earnings to fixed charges with help from a business consultant and marketing expert who has owned a wholesale and retail business in this free video clip.
The year-end accounting adjusting entries occur as a culmination of all reports and ledges for the different aspects of your business. Find out about year-end accounting adjusting entries with help from a business consultant and marketing expert who has owned a wholesale and retail business in this free video clip.