Learn From Your Accounts Receivable Formula
When analyzing your small business's performance, the accounts receivable turnover ratio is an important metric to know. This ratio evaluates…
5 Ways to Save on Airfare, Based on 900 Million Transactions
The discount travel service CheapAir.com recently took a look at more than 917 million — yes, that's 917,000,000 — transactions…
How To Unplug and Take a Real Vacation as a Small Business Owner
With travel opening up, the option to plan a vacation is becoming more and more appealing - even if you're…
What Are the Key Components of a Strategic Plan?
As a small business owner, you're tasked with making big decisions. How do you know if it's the right time…
Balance Sheet Accounts: Definition, Examples & Why They’re Important
Key Takeaways Balance sheet accounts show what you own (assets), owe (liabilities) and your ownership stake (equity) Assets must equal…
How To Deal With Employees Going Through a Crisis
In an ideal world, your employees are never sick, sad, or stressed. They report to work every morning, and are…
What Is the Strategic Planning Process?
What is strategic planning? An effective strategic planning process involves having discussions with employees and outside vendors, as well as…
Accounts Receivable and Accounting
Your small business can't operate efficiently if you don't have your accounting practices down pat. This means that if you're…
Is Accounts Receivable an Asset?
What Are Assets? Assets can come in many forms. Your small business’s assets include resources you own that help you…
What Is Strategic Planning?
Key Takeaways Strategic planning helps small business owners define long-term goals and better align team efforts. A strategic plan includes…