Moneying articles focus on all aspects related to business finance, including budgeting, bookkeeping, pricing strategy, insurance, and more. Since you presumably went into business to make money, knowing how to manage it effectively will help keep you in business and move you toward the profitability you seek.
The point of sale, or POS as it is often referred to, is more than just the final step in your customers’ visit to your business. It can be a discussion point, a chance to gauge customer interest, and much more. Optimizing POS means making the process more efficient, and most of all, quicker. Here are some ways to maximize your POS’s effectiveness and keep those lines … [Read more...]
When running a business, "cash flow is king" is a phrase you may have heard thrown around and honestly, it’s not untrue. Many a fundamentally sound business has found itself going under due to running out of cash, especially if owed some money. It’s good to think about and plan ahead to avoid this. Let's have a look at the ways to do this. Make A Business Plan – Project Income … [Read more...]
A business that wants to succeed today must think big and act bigger. More and more companies are going global and there is no excuse for your company not to do the same. Surveys indicate that over 58% of small businesses have international customers and this number is growing fast. One also shouldn’t forget about all the advantages that companies can get from dealing with … [Read more...]
For many business owners, tax time feels like a big interruption to normal business operations. Imagine that you’re driving down the road and you’re pull over. Being pulled over increases your travel time, and it will take you a few minutes to get back on the road and up to speed again. Preparing your business’ taxes may feel the same way. Like pulling your car over, tax … [Read more...]
Small businesses may feel that they are unlikely to be targeted by criminals of any form for the simple reason that they are small and hence offer small pickings to criminals. While this attitude does have certain logic to it, the truth is that small businesses can be easy pickings and are therefore very attractive targets for financial criminals. What’s even worse is that … [Read more...]
Forex trading is gaining popularity with investors and entrepreneurs alike. Forex is short for "foreign exchange" and forex trading involves exchanging foreign currencies. To be a successful forex trader, it is advisable that you treat it as a business. Forex trading isn't a "get rich quick" scheme that some tout it to be, but it can yield very positive results when done right. … [Read more...]
A cash loan is a fixed amount of money borrowed at a fixed rate for a short period of time, which is repayable in installments (which is usually automatically withdrawn from your bank account). Cash loans are small loans with several advantages. They have minimum eligibility requirements with easy online approval and procurement. You typically only need to be 18 years of age … [Read more...]
Reaching the golden age of retirement is the ultimate goal after working all your life. You want this time to be fun, relaxing, and most of all, stress-free; especially when it comes to your finances. From investing in everything from financial planning with a good advisor to bitcoin mining to real estate, and from your health to your lifetime goals, everything is important if … [Read more...]
While there is much talk about ways of losing money in the restaurant business, in order to come on top of the harsh competition, restaurant owners today need to improve both their cost cutting and revenue-increasing programs. Here are some of the smart money-saving strategies for restaurant owners that don’t compromise the guest experience. Reduce the Waste Since an average … [Read more...]
Bank reconciliation is a process that is used to determine whether your company’s books are precisely in line with your bank statements at a given bank. It may not imply anything serious, it is important to sort out any discrepancies. The bank reconciliation process also ensures that your finances are in order and you have a complete picture of where your business is … [Read more...]
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