Business Management

If you have a small business, are thinking of starting a small business or you simply want to know more about the answering service industry, you might be looking at how to find an answering...

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.

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...

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...

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...

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...

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...

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...

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.

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...

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...

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...

A manufacturing company's financial statements are comprised of three sections: Balance Sheet, Income Statement and Cash Flow Statement. These financial statements are prepared in compliance with...

Life insurance can be an extremely powerful tool that businesses can use to protect against the loss of a valuable employee or executive. In many companies, especially small businesses, the death...

An efficient and attainable sales plan is important to the growth and success of any company. A company sets its budget for the year based on sales goals. Poorly planned sales goals can be the...

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...

Having clear business goals in writing is essential to the direction and performance of any organization, whether a small sole proprietorship or a multi-national, public corporation. Company goals...

Since the passage of the Sarbanes-Oxley Act in 2002, people reporting fraud within a public company have enjoyed legal protection as whistle-blowers if they experience retaliation for their...

Every company is required to have an EIN number. EIN stands for Employer Identification Number, a nine-digit number given to any business that pays taxes. There are several ways to find a...

Bankruptcy is a word that strikes fear through the hearts of any business that supplies other firms. But a customer in bankruptcy may not be the worst thing that could happen. You can still do...

There are various ways to obtain financial information. You can check finance websites, books at your library or bookstore, and the Better Business Bureau. There are also newspaper and magazine...

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...

Payroll processing is a time-consuming task that requires great attention to detail. Often, an employer has other responsibilities to tend to; therefore, he does not have the time to do payroll....

If you are the owner of a medium to large sized company, it may be time to take advantage of the possible savings offered by a purchasing department. In order to realize these savings, it will be...

A Dun & Bradstreet number (or D-U-N-S number) is a nine-digit code that identifies your business among a worldwide database of more than 100 million global businesses. A D-U-N-S number helps...

When a company goes bankrupt, the most important question is "Who owns what?" This is a particularly important question if you are seeking a white knight buyer for your failing company or...

Professionalism encompasses both attitudes and behavior. Characteristics associated with professionalism include attitude, conduct, responsibility and competency. When creating a professional code...

Business ethics is an important part of how you run your company. A lack of business ethics could cause people in your company to engage in illegal practices and cost your company money and its...

Money is not the universal sales motivator, according to BusinessKnowledgeSource.com Sales people are driven by things, such as success, a feeling of accomplishment and the need to be recognized...

The quality of a financial statement depends on how useful its information is to the company in making an accurate assessment of its past, present and future economic activity. The information...

There are many reasons to get a business credit card. It can help to simplify your bookkeeping by making all of your business purchases on a business card as opposed to your personal card. It can...

The sales function is crucial to the survival of any company. Despite that, many sales teams continue to follow the unspoken 80/20 rule---20 percent of the salespeople drive 80 percent of the...

In the information age, one of the most significant investments an organization can make is its information systems. Information technology (IT) systems are the backbone of almost all business...

Six Sigma helps companies learn how to find and resolve defects in all areas of their business. From the beginning stages of any project, Six Sigma identifies the wasteful processes from inception...

Companies inform board members, employees, shareholders and associates of financial performance, achievements, shortfalls and projections through their annual reports. These documents contribute...

Implementing strategies to improve productivity must be an organization-wide initiative, involving managers from all disciplines -- product development, production, finance, marketing, human...

Management information systems were developed in the 1960s. Management information system describes a company and its resources. MIS allows managers to create reports about the company activities....

In "Managing Corporate Lifecycles," Ichak Adizes says the courtship stage is rife with the possibility of terminating in "an affair" when an entrepreneur hits a rough patch. The start-up...

Even the most well-managed companies can face disastrous financial problems. If this has happened to your business, you may be thinking about filing for company bankruptcy. Although a bankruptcy...

Have you ever got out of bed and really not wanted to go to work? Have you ever wondered what it would be to never take orders off anyone ever again? Have you wanted to be your own boss? Do you...

A management director, or managing director, in the United Kingdom may be the chief executive of the company. In the United States, a managing director is the senior executive in charge of a major...

A company reporting structure is a hierarchy of administration within an organization or company used for the dissemination of bureaucratic, company and staff-related communication. A company's...

A small company should file for bankruptcy protection when liabilities are equal to or greater than assets and management is unable to repay creditors. Not all bankrupt companies go under, and...

Before you sign any type of contract or legal document, you should take some time to read it so you understand the terms. If there are terms that you cannot agree to, talk to your salesperson...

The duties and responsibilities of a company safety coordinator are widely varied, depending on the type of business and number of employees. Safety coordinators are responsible for all general...

Sales management requires a balancing act between what is best to motivate your sales force, and what it takes to make profit for the company. You want to reward your top performers while giving...

Accounting annual reports provide a snapshot look into the financial health of an organization. Publicly held companies must follow report requirements issued by the Securities and Exchange...

Making safety an ongoing topic in a company newsletter illustrates its importance, shows leadership commitment and arms employees with information to support and drive company safety efforts....

When cash flow is improved, it can benefit your company’s financial situation significantly. Those that are running any type of business know the importance of spending versus receiving money. ...

Fortune magazine began its list of the 500 largest U.S. companies by gross revenue back in 1955. It has become an important, if not symbolic, indication of a company's arrival in the big leagues...