by Justine Lorch | Feb 11, 2024 | Business Resources
11. Understanding Financial Statements aWhat are Financial Statements? The basic financial statements used by a small business are the balance sheet, income statement, and cash flow statement. The balance sheet can be compared to a snapshot taken of a business at one...
by Justine Lorch | Feb 11, 2024 | Business Resources
12. Maintaining Business Records The main objective of maintaining business records is to provide useful information which the owner can use in directing business operations. Effective record keeping becomes a very important management tool for the business owner as...
by Justine Lorch | Feb 11, 2024 | Business Resources
13. Cash Flow Projection Projecting Cash Flow All businesses, no matter how small or large, function on cash. Cash is the lifeblood of any business. Ineffective credit and collection policies can create a cash crisis, where you have bills to pay but not an adequate...
by Justine Lorch | Feb 11, 2024 | Business Resources
14. Quick Guide to Financial Proposals WHAT ARE YOU LOOKING FOR? Before you can approach any financial institution, you must have a clear idea of the financing you are looking for. Here are some things to consider: What will the financing be used for? Purchase fixed...
by Justine Lorch | Feb 11, 2024 | Business Resources
15. Hiring and Developing Employees Employees are often a company’s greatest resource. In most businesses, employees are responsible for carrying out the vital duties of the organization. For example, often, it is the employees who are involved in the manufacturing of...
