Category: Business

Tips for creating your own marketing strategy

Developing and creating a marketing strategy is essential for any type and form of business. If you don’t have one, it is imperative that you create one – your efforts, time and money are likely inefficient and useless. You must create your strategy that focuses on making sure your products and services meet what customers […]

Determine the best home business ideas for moms

There are several factors to consider when deciding on some home business ideas for moms. There are several companies that can promise to train and guide you throughout your new business endeavors. Often times, once you partner with a company, all of these promises don’t seem to exist. During your search to find the perfect […]

Three ways to properly generate business credit

Many small businesses could benefit from having additional capital available to free up their cash flow, but unfortunately most will never know that they can establish and generate business credit for their business without using their personal credit. There are 3 critical things any small business can do to ensure it is building business credit. […]

To start a business

In economics, business is the social science of managing people to organize and maintain collective productivity towards the achievement of particular, creative and productive goals, generally to generate income. The etymology of “business” refers to the state of being busy, both in the context of the individual and of the community or society. In other […]

Tax Vs GAAP: What Small Business Owners Need To Know

A small business owner should understand the following before deciding to maintain their accounting records on an income tax or generally accepted accounting (“GAAP”) basis. GAAP is prohibited by the Financial Accounting Standards Board (“FASB”) and the Securities and Exchange Commission (“SEC”), while the Internal Revenue Service is responsible for establishing the accounting framework for […]

Is the balance sheet more important than the income statement?

Before answering this question, I’ll walk you through common perceptions of the income statement versus the balance sheet, as well as recent developments in International Financial Reporting Standards (IFRS). The income statement provides a summary of the income and expenses of an organization during a particular period. Historically, this was the first report that the […]

Auto Dealer Business Plan – Milestones That Matter

Your auto dealership business plan should include a business success timeline. This doesn’t have to be an exhaustive timeline, showing every step you’ll take along the way, but it should at least cover these kinds of important milestones in the life of your car dealership. Finish Construction: When will your location be finished so you […]

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