Business Management

In the previous article in our example of a letter which expressed dissatisfaction for work done by a concrete company, the response to this letter may be negative even though you have done...

Sometimes in business there are occasions when you are not happy with the work that someone has done. You may have expected something completely different from what was actually delivered. This...

In the last article more rules on how to address a business letter were discussed such as where to place the date, how to address the person you are writing to known as the salutation, keeping the...

Three rules for writing business letters, not indenting the paragraphs, printing both your own address and the address of the other party and letting the other party know what you are writing...

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...

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...

Viewing a business' credit report requires visiting the website of one of the three major credit bureaus (Experian, Equifax or Transunion) or contacting one of them by telephone or mail. Business...

In this slow economy, many business owners are looking for ways to cut costs. Cost-cutting reviews should be done yearly to ensure the efficiency and effectiveness of your business. Operating at...

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...

How do you write a business letter? Business letters are different from the informal letters you may be used to writing. It is important to follow the rules of writing business letters in order...

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...

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 finance is directly related to accounting and economics. Accounting covers income statements, balance sheets and cash flow statements while economics includes such variables as the gross...

Developing a 3 to 5 year sales forecast is difficult enough when you factor how customer needs, cyclical fluctuations, and seasonal variations could dramatically change during that time span. A...

Listing all expenses related to a business operation and knowing how much revenue an average customer generates will help determine financing options for a cash business. Cash flow from new or...

A recession is parallel to a hurricane; the latter is a violent storm and a recession is a violent economic storm. Both disasters can be predicted, but there is no way to actually measure the...

Closing a business can be an emotional, mentally exhausting time for you, your family and your employees. Before you shut the doors of your business, you will need to attend to a few details. It...

Barter can occur as a direct, one-one-one trade of goods and services between individuals and businesses, or as an indirect trade of goods for barter credit or script issued on a third-party basis...

Running a business can require a large amount of capital. Acquiring enough money to start a business can be difficult and some businesses require several years of investment before they become...

Most think of boats and fishing expeditions when the concept of a charter business is raised. However, a charter can be an air taxi, a horse and buggy, or other, more creative transportation for...

If you own a business you know the value of a good solid marketing promotion. However, so do the experts who can deliver that high quality marketing promotion, and they aren't afraid to charge you...

Businesses go into debt for several reasons, including expansion, poor management and sometimes unexpected expenses, according to Financial Web. Some managers make the mistake of waiting to deal...

One of the most important decisions to make when starting a new business is what kind of financial information system to purchase. There are basically two types: the off-the-shelf package, which...

Business credit gives you a lifeline that enables you to get the materials or inventory you need today and then pay once you have generated some revenue. There are companies out there who offer to...

The plain and simple answer to the question is no. It doesn't matter what lean production processes organizations use, the recession will still have an impact on each and every one that's even...

Minimizing your company's tax bill is one of the most important tasks a manager needs to achieve. In order to do it, you need to perform a detailed tax planning analysis and create a workable tax...

Small businesses have often been called the backbone of the American economy. Indeed, small businesses comprise the majority of businesses in the nation. To be recognized as a small business...

Organizational contacts are a key resource in business. Individuals and businesses both need to effectively retrieve needed contact information collected over time. Additionally, a business will...

Being an effective leader is more than merely holding a supervisory position and having a private office. As a leader, you must hone certain skills that help to foster a successful business...

Business is all about negotiation and negotiation is all about harnessing as much information as you can and using that information to strike a deal. As the seller, you want the most money...

Thorough planning of an internal audit project ensures that scarce audit resources are focused on examining the riskiest areas of the business and minimizes interruptions to the business....

The coin operated laundry is a staple of urban American neighborhoods. It also entails significant startup costs, and has unavoidable overhead expenses. Careful planning will go a long way to...

Bankruptcy is legal process which businesses choose to file when outstanding debt prohibits them from operating. There are a variety of options to choose from when facing this situation. While...

During an audit, business management can feel they have little power over the process or the audit result. But once an audit has been completed by the internal audit department, the corporate...

Once you have an EIN (Employer Identification Number) from the Internal Revenue Service (IRS), the lines of credit that you obtain with that EIN are reported to the four major business credit...

Audit plan creation can begin as early as six months before the business's audit year starts and can require considerable staff and management resources. Audit plans should consider all areas of...

Forces and trends are two important parts of the economic market system. Forces are economic elements that companies can see but may not be able to control. Trends are business opportunities that...

Hi! If you have a small business and are tired of running up your credit cards, you may want to consider establishing credit terms and payment terms with your best suppliers. To do so you'll need...

You have a great idea for a business but, before your hopes and dreams can become reality, you need a way to find financing. In 2009, the market has been difficult, if not impossible, for...

Entrepreneurs are idea people. They may have hundreds or even thousands of business ideas across their lifetimes, and some of them will be quite good. Successful entrepreneurs are those who can...

You have decided to close your business and now there is equipment to return or sell, employees to take care of and taxes to be considered. Although some owners declare bankruptcy as a way of...

Your business plan defines your goals, how to attain them and background information about your industry. A robust plan helps your stakeholders make decisions about approving financing, so...

Starting or expanding a business in Florida comes with a number of tax considerations. These considerations depend largely on what the business does and its type of legal organization. ...

The role of the payroll accounting department at a given corporate or business organization is unparalleled. They help to ensure that all employees and their imbursement are taken care of. On the...

Logistics is a science that involves the management of resources, information and goods between the point of origin and the point of consumption. A logistic manager is responsible for planning,...

Calculating the economic profit of a business requires knowing the expenses and asking price for products and services. Subtract costs from price and you have profit. The cost of producing an item...

Companies can take many paths to going out of business, but the number-one way is bad cash-flow management. If a business has to pay cash to all of its suppliers, then it has little free cash left...

Extending credit terms to business customers requires a thoughtful approach to some challenging questions. Should credit even be extended, and if so, how much? What are typical credit terms? How...

Any kind of business, big or small has a status of its financial condition. This financial condition is summarized in a piece of paper called the Balance Sheet. Simply put, it is an organized...

Say you're in the restaurant business and your customers become sick from something you served them. Or you run a factory, and Federal agents raid your premises and arrest a number of illegal...