If you do not put up enough money for Working Capital, you will be forced to incur debt or inordinately prolong accounts payable so that you get into trouble with your suppliers. Not having adequate Working Capital will place your business in an unsustainable cycle of debt.
After you have determined the amount you need […]
After you have determined that you have a marketable product or service and there is an accessible market sufficient to meet your profit objectives, you want to know how much money you need to put up for the business (Equity). Oftentimes, the focus is on the fixed assets; e.g., office improvement, production & office […]
As the year ends, it is customary (and a good practice) to take stock of where your business is, to prepare for the coming year.
Chinese proprietors of small businesses (specially those who do not engage the services of an accountant) have a simple and efficient way of accounting for how the business year has […]
Especially in the case of a small business (a sole proprietorship or a partnership), it is important to keep the transactions of the business separated from the activities of the owners or those who run the business.
An accurate and true picture of the business will not be possible if the personal expenses of the owners […]
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