June 23rd, 2008
Many start-up businesses stop at determining their beginning Equity. After putting up the initial capital for your business, you have to determine the optimum Working Capital to position your business on the road to profitability and growth.
Specially during these times of high transportation costs and constricted markets, f you do not put up enough […]
By ren -- 3 comments
June 13th, 2008
A business wimp (whether small business or large corporation) is a venture with inadequate Working Capital.
A business wimp will be forced to incur debt or inordinately prolong accounts payable so that it gets into trouble with suppliers. Not having adequate Working Capital will place the business in an unsustainable cycle of debt.
The business wimp […]
By ren -- 2 comments
May 31st, 2008
I’ve always maintained that accounting is also for business. It’s concepts, relationships among accounts, system of balances are applicable in almost anything in life.
Accounting Solver presents a Balance Sheet for Living:
Just like Cash in a business Balance Sheet, Health in the Balance Sheet for Living is much affected by Liabilities. Among the Liabilities in […]
By ren -- 2 comments
May 30th, 2008
I’ve always maintained that accounting is also for business. It’s concepts, relationships among accounts, system of balances are applicable in almost anything in life.
Accounting Solver presents a Balance Sheet for Living:
Health is like cash which you spend on what you have to do and/or want to do. The healthier you are, the more time […]
By ren -- 0 comments
May 29th, 2008
I’ve always maintained that accounting is also for business. It’s concepts, relationships among accounts, system of balances are applicable in almost anything in life.
Accounting Solver presents a Balance Sheet for Living:
As in any Balance Sheet for business, Equity is what you start out with or put into the business and which constitute your Assets. […]
By ren -- 1 comment
May 24th, 2008
The Pareto Priniciple (also called the 80% - 20% Rule) has been applied in a variety of fields & disciplines; e.g., business management, time management, management of sales people, project management, development economics, etc. Basically, the Pareto Principle states: in any endeavor, a 20% segment can explain the status of almost anything […]
By ren -- 1 comment
May 23rd, 2008
The Pareto Priniciple (also called the 80% - 20% Rule) has been applied in a variety of fields & disciplines; e.g., business management, time management, management of sales people, project management, development economics, etc. Basically, the Pareto Principle states: in any endeavor, a 20% segment can explain the status of almost anything […]
By ren -- 0 comments
May 22nd, 2008
The Pareto Priniciple (also called the 80% - 20% Rule) has been applied in a variety of fields & disciplines; e.g., business management, time management, management of sales people, project management, development economics, etc. Basically, the Pareto Principle states: in any endeavor, a 20% segment can explain the status of almost anything […]
By ren -- 2 comments
April 30th, 2008
Working Capital funds the cost of the labor & materials that go into the goods you sell (or the services you render) and what you use to pay for salaries, rent, office supplies, etc (i.e., your operating expenses).
The basic structure of your Income Statement determines whether you should fund your Working Capital from Equity or […]
By ren -- 0 comments
April 28th, 2008
Working Capital funds the cost of the labor & materials that go into the goods you sell (or the services you render) and what you use to pay for salaries, rent, office supplies, etc (i.e., your operating expenses).
After you are convinced that you have a marketable product or service and there is an accessible market […]
By ren -- 0 comments
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