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Understanding Your Profit & Loss Statement (P&L)
When I started my career in accounting, I was an intern for a public accounting firm. I found an issue during one of my audit procedures and took it to...
Managing Cash Flow: A How To Guide
Managing cash flow can be the difference between your business success or failure. You can’t open a book on entrepreneurship without the mention of cash flow. But, what is...
What You Need to Know About Debt-to-Equity Ratio
If you’ve ever looked at obtaining financing for your business, you’ve likely heard of the debt-to-equity ratio. But, what is it? And, what does it mean to lenders? Here's what...
3 Reasons Why a Budget is Important for Your Business
Entrepreneurs are often told that a budget is an important tool to use in managing their business. However, many don't know why it's important. Maybe you set a budget at...
3 Methods for Evaluating Your Business to Determine its Value
What is Your Business Worth? If you’re a business owner, chances are you’ve had this question before: What is your business worth? After all, the end game for many entrepreneurs...
Are You Creating a Company or a Job?
Are You Creating a Company or a Job? This question often comes up in business. And, there really isn't a correct answer. Some may aspire to build a company. Others...