Business Planning

a blog featured image with a topic title about It’s Time to Get a Business Credit Card, If You Answer Yes to Any of These Questions

It’s Time to Get a Business Credit Card, If You Answer Yes to Any of These Questions

How did you pay for the last thing you bought? Chances are, you whipped out a card from your wallet and walked off with the item you purchased without touching actual cash. It is easy and convenient. Small business cards are the same – they give access to a line of credit for purchases. Business …

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a blog featured image with a topic title about What is a Good Profit Margin?

What is a Good Profit Margin?

The profit margin is a financial tool that helps you assess how your business’s bottom line is doing. Generally speaking, a higher profit margin means that your business is doing well. However, what a “good” profit margin depends on a variety of factors. Calculating your profit margin is just the first step. Once you have the number, …

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a blog featured image with a topic title When To Consider A Business Loan?

When To Consider A Business Loan?

To grow your business, acquiring liabilities is inevitable – especially current liability which may include business loan and trade credits. While unavoidable, you must know how to manage your assets and liabilities effectively. To be able to juggle both well and still profit on the side is what it means to be a successful trader. …

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a blog feature image of Annette with a topic title about What Does Net Profit Margin Mean?

What Does Net Profit Margin Mean?

Net profit margin is a ratio or percentage that indicates a company’s profitability. A high net profit margin means that a company is selling well while efficiently covering its costs, while a low net profit margin means that it is not selling well and/or is not able to have a cost-efficient operation. Net profit margin …

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a blog featured image with a picture of annette with a topic title about What Is Invoice Financing?

What Is Invoice Financing?

Invoice financing is a term that you will always encounter in almost every business. This process involves using your accounts receivable as collateral for your loans.  The Invoice Financing It can also refer to borrowing money from the account, as mentioned earlier. There are specific nuances from these functions, though, as it can still get …

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Should I Get a Car Under My Name or the Company?

If in the course of your work you decide that you need a car, you need to figure out if you will get the vehicle in your name or as a director of a company. This is not a decision made on the fly because each choice has tax implications. Whether you are leasing or …

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What Is Factoring?

Every business, even profitable ones, encounter different hurdles before attaining the sweet peak of success. Some stores may run into customer relations problems. Some may experience intense business competition. But most ventures, one way or another, will come up against financial and funding struggles along their business journey and there is also factoring. Whether it …

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What Is An Income Statement?

Running a successful company is not all glory and money, as many people might think. It requires hours of labour, sleepless nights, and a steady stream of sweat and blood. No matter what your business is—small, big, online, offline—managing every aspect of it is a stressful feat. As an owner, it is your responsibility to …

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a blog featured image with a topic title about What is Director’s Remuneration?

What is Director’s Remuneration?

We all know that being in any kind of business means everything will matter to everybody. Each action that you will take will affect the company one way or another. If you are rank and file, you form the base of the business. It might seem that higher management does not know or care about …

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