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Financial Ratios: Asset Turnover

How Efficiently is Your Business Using its Assets to Create Profit? One way of assessing how well a business is performing is by analyzing asset turnover ratios. These ratios show how effectively the business’ assets are being used to create profits. Also known as asset utilization or management ratios, asset turnover ratios are of particular…

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5 Important Factors That Determine an Entrepreneur’s Success

Position Your Company to Grow While there are plenty of things that determine a company’s success, some factors are more important than others. If you want to succeed as a business owner, you’ll want to make sure that your company has all it needs to thrive. Here are a few of the most important factors in…

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Alternative Financing: What Business Owners and Investors Need to Know

Alternative Lending has been Growing in Popularity, but is it Right for Your Business? The world of business has changed dramatically in recent years. Innovations like AI, smart phones and social media, have altered the landscape for businesses large and small and opened up new possibilities for funding their operations. At the same time, these…

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How to Reduce Accounting Mistakes and Fraud in Your Business

Accurate and timely accounting is an important feature at your business. If things go wrong on the accounting front, it can create detrimental consequences for your business. The importance of accounting makes it valuable to have a great system put into practice. With the risk of errors and oversight present, there are several things to…

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Swimming with the Sharks: Key Lessons for Entrepreneurs

First appearing in 2009, Shark Tank is an American television show in which entrepreneurs pitch business plans to five different venture capitalists—sharks—in hopes that they will leave with a high-powered partner and a big check in tow. Whether seeking funding from these sharks or less famous venture capitalists, entrepreneurs are wise to embrace some of…

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Small Business: Follow These 5 Tips for Efficient Cash Management

Make Cash Flow Management Your Top Priority Cash management plays an important role in the success of a small business.  Even a business that has a good product or service can fall by the wayside due to poor cash management. While growth in sales is something to cheer about, this does not necessarily represent immediate…

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5 Questions to Ask Before Hiring a Debt Collection Agency

Cash flow problems can sink a business, but it’s a fact of life that not every invoice is paid on time. With established partners and customers it’s good to give some leeway to maintain good relations, but there comes a time when you need to call those debts in. If prompt payment isn’t looking likely,…

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What is Invoice Discounting?

Understanding Invoice Discounting Invoice discounting is a specific type of short-term finance that allows businesses to access the cash owed to them by customers. This alternative type of funding solution lets businesses sell their unpaid invoices to receive cash now instead of waiting for customers to pay their invoices. Many businesses extend credit terms to…

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10 Important Financial Ratios for Your Businesses

Many business owners often overlook the importance of financial ratios. They look at the accounts and the cash in the bank, and they judge the success of the business based on that alone. Looking at the big picture is better than nothing, but the big picture won’t always tell you everything. Financial ratios distill the…