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...

Day trading refers to the completed cycle of buying and selling financial instruments on the same day in the financial markets, where the most commonly traded instruments are stocks, currencies,...

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.

Corporations are normally formed because their owners wish to shield their personal assets from liability for company debts. Each U.S. state has its own incorporation procedure, and corporations...

Businesses that intend to survive over the long run need to plan for succession. Often in family owned businesses, a family member, such as a son or daughter, is the natural successor to the...

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...

The most common pay cycles for employees are weekly, biweekly, semi-monthly and monthly. Generally, bills are due monthly. An entire paycheck direct deposited into one account can make for...

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...

When an employee leaves an organization, business etiquette suggests giving an employer two weeks' notice. This allows the employer time to manage the responsibilities and fill the vacancy....

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.

Binary trading is a day-trading strategy that involves the acceptance by a buyer of the option to purchase ("call") or sell ("put") a piece of an asset for a specified price at some future time...

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...

Whether you're a business owner who extends credit to customers or an individual who sometimes helps out friends and family members with a personal loan, there may be occasions when you'll need to...

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...

In 1989, Motorola began pursuing a five-year goal to reach a "six sigma" level of quality. This statistical measure meant the company's processes could have no more than 3.4 defects per million...

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...

Let's say you are a manager at a company and you supervise several employees. You want the employees to understand their job duties because you must evaluate their job performance annually. You...

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 you are leading a meeting, you may need strategic help in terms of where people sit in order to get your purpose across more clearly. Meetings are a common routine within the workplace,...

Pick a fundraiser that only requires the time and resources that you and your company readily have available. Some events require little planning and would not interrupt business operations. Other...

A pro forma profit and loss statement, also known as a pro forma income statement, is a projection of a business' anticipated profitability. It is a management tool to help forecast a company's...

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...

Part-time employees play an important role in the success of many businesses. Often more cost-efficient than full-time employees, part-time employees do not receive overtime if they work...

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...

Office environment, stress level, co-worker relationships and employee psychology make up an organization's culture. Assessing organizational culture through the metric created by Stephen Robbins...

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...

Financing for business growth can come from a variety of sources, depending on the size, age and type of your business. Small-business loans subsidized by the Small Business Administration are a...

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...

Contract labor gives independent contractors more flexibility in determining their working conditions, as opposed to employees who are subject to the work conditions prescribed by employers.

Outstanding personal credit card debt or poor personal credit only has a minor effect on applying for a business loan. Lenders use the credit rating of the business, not that of its owner, to...

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.