by Rob Condie | Aug 31, 2023 | Biz Tips
Knowing the difference between revenues and expenses is pretty clear without much more background information and is critical for business functions, but knowing the difference between an asset and a liability is a little more complex and that knowledge can go a long way. The one that most people typically don’t know much about, or even where to find it, would be their equity in a business. Equity is the amount the owner or shareholders would get back if the business paid off all its debt and liquidated all its assets.
by Steen Stovall | Oct 6, 2022 | Biz Tips
Inadequate cash flow management can cripple a small business and is one of the major causes of small business or start-up business failure. Here are seven tips to avoid cash flow problems at your small business. Plan Appropriately and Plan Often The real key to...
by Jake Dixon | Feb 10, 2022 | Success Stories
A Family Tradition As a retired U.S. Navy veteran and the son of a master gunsmith, Mike Miller knew exactly what he wanted to do when he decided to work for himself. In fact, “exact” is a key component of Mike’s business — Spartan Precision...
by Bruce Morse | Jan 13, 2022 | Biz Tips
One of the most frequent questions we receive is regarding cash flow challenges that business owners are facing. It is one of the things that tends to keep them up a night and yet they aren’t sure what to do about it. What is Cash Flow? First of all, let’s...
by Bruce Morse | Feb 3, 2021 | Biz Tips
One thing that the COVID-19 pandemic exposed for many small business owners is that they were not as prepared as they could have been for a dramatic financial downturn. This can happen in any economic dip or natural disaster, but the COVID-19 situation hit companies...
