5 Ways to Keep Business Loans from Ruining Your Business

January 21, 2019

What is your perception of business loans? If you are like most entrepreneurs, you see them as the lifeblood of what you do. Without the right selection of loans to help manage your cash flow, your business would not survive. Fair enough. But did you know that business loans can ruin your business just as easily as rescue it?

Business loans are just a tool. In and of themselves, they cannot make or break your business. Use loans properly and they can be instrumental in accomplishing everything from capital improvements to adding staff. Use them improperly and they will become a ponderous chain that drags your business into dangerous territory.

It is assumed that most business owners know how to use business loans from a practical standpoint. So instead, here are five ways to keep those loans from ruining your business:

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Why is Statement of Retained Earnings Important for Small Business?

January 10, 2019


One of the most important financial and accounting concepts to be aware of when it comes to your company is retained earnings. Retained earnings can be seen as a business savings account that can grow or decrease, based on financial decisions. Mathematically, retained earnings are determined by:

 

Retained earnings = Net income – dividends + beginning retained earnings balance.

Let’s assume this business scenario. A company currently has $10,000 in beginning retained earnings along with $7,000 in profit. During this set time the company paid $4,000 in dividends. Using the formula, the company’s current retained earnings value would be $13,000. ($7,000 – $4,000 + $10,000).

It’s important to note that retained earnings are not the same as net income, also known as revenue. Instead, retained earnings are based on a company’s total profit along with other factors. Retained earnings are a historical count of net earnings that haven’t been paid out to shareholders.

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Should You Buy Prize Tickets as an Investment?

January 1, 2019


Is prize ticket a good idea? You may ask. Many people wonder if it is a good investment or not. You are probably basing your argument on the fact that the odds of winning the jackpot are usually really low. However, the only way you have a chance at winning is if you buy tickets. There are many reasons why the prize ticket is good and buying a ticket with the knowledge of these benefits makes it a valuable investment. Because you get to decide whether or not you will participate, prize tickets are the fairest form of taxation. It is always advisable to buy a ticket when the jackpot reaches a significant amount.

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6 Tips for Investing in Life Sciences

December 31, 2018


Are you considering investing in the life science industry? It’s a smart idea—not only is it a wide-ranging field that includes everything from biomaterials and ecology to genetics and nanotechnology, it’s an essential industry that plays a vital role in the quality of human, plant, and animal life. Investors like Cody Maxam, however, know that making medical conditions easier to deal with and prolonging life are pursuits that require money, so investing in promising endeavors is a way to include yourself in something revolutionary while earning a return.

How do you know which projects are the promising ones, though? A high number of biomedical enterprises fail. If you are going to help fund a venture, here are a few tips for spotting a worthwhile investment:

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Managing Your Tax Returns in the UK

December 23, 2018

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Paying taxes in the United Kingdom (UK) is one of the few certainties in life. There’s also a lot of uncertainty around it, as people tend to struggle with what’s expected of them. Therefore, being armed with the right knowledge, can make taxpaying and filing self-assessment returns, a far less intimidating experience. And if you happen to live in Leeds, you may remove tax-related stress completely by finding accountants in Leeds to help you with all your tax matters. Here are a few hints that could assist you with managing your tax return online, and also how hiring an accountant may help.

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How to Boost Your Business through Commodity Investment

December 22, 2018


Small business is crucial to the growth of the entire country, with the House Small Business Committee reporting that small business creates 66% of jobs in the private sector. However, access to capital can be difficult, and the Small Business Association has 30% of businesses fail within the first two years, and 87% of these is down to cash flow. However, with some creative thinking and in depth planning, you can create a long-term capital solution to ensure your business stays in rude health.

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4 Important Reasons to Invest in The Stock Market

November 22, 2018


Whether you are a seasoned investor or new to the game, there are many great reasons to invest in the stock market. You are able to invest in just about anything you can think of including food companies, tech products and companies such as SteelMaster Buildings. Below are some great reasons to consider investing through a company such as the one found at www.bloomberg.com.

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How the Bitcoin Revolution Will Affect Entrepreneurs

November 18, 2018


Savvy entrepreneurs are always looking for opportunities, and innovation often provides a chance to make money. When you are first or fast to the market with a new system or process, there is an opportunity to be viewed as the expert, generating income and developing a relationship that can sustain a business for many years.

It is, therefore, no surprise to learn that many entrepreneurs are interested in Bitcoin and how the Bitcoin revolution will affect entrepreneurs. This guide will consider some key benefits of Bitcoin that can provide entrepreneurs with an advantage or opportunity.

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5 Ways to Save Money When Starting a Business

November 13, 2018


Today, we live in a world that is run by massive corporations. Internet gurus and hugely successful entrepreneurs who have invested all their time, energy and finances into entrepreneurship are now in many ways running the world. All of the products that we use at home, work and school are the result of somebody sacrificing their savings and time and deciding to risk it all in a new business. But most big-name businesses that everybody knows today didn’t start out as huge as they are now. In fact, if you hear their stories, you may be very surprised to hear about how small they were when they first began.

However small it is, owning your own business is certainly one of the best ways to make yourself feel proud. Humble beginnings are nothing to be ashamed of, as this is often just what it takes to make it where you want to go. But, being mindful of your spending and taking steps to cut costs when first starting out is absolutely necessary to put your brand in with the best chance of success for the future. Read on for our top tips for saving money in your small business.

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5 Investments You Should Make in the New Business

November 4, 2018


Before investing in any business, it is important to know that not all businesses you invest in will stand the test of time. Many people are afraid to invest in any business because they are afraid of the risks that come along with it. Take that leap of faith and you might be surprised by the outcomes of the decisions that you make. There are a few ways in which one can invest in their new business. They include:

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