by Kyle Hill | Apr 8, 2021 | Finance Knowledge, Financial Strategy, General Business
Nearly every business has both fixed and variable costs. To ensure that your business remains fiscally solvent and profitable, it is important to understand the different types of costs and how to manage them. In general, variable costs relate to the number of items...
by Michael Flint | Mar 20, 2021 | Finance Knowledge, Financial Strategy, General Business
What is GAAP and Why is it Important? Financial reporting is an important part of business that communicates the financial performance and results of a company. It records and presents information about the company’s financial position, revenues, expenses, and related...
by Wayne Vance | Mar 16, 2021 | Finance Knowledge, Financial Strategy, Fundraising, General Business, Raising Capital
Every business needs financing to fund growth. The old adage is true: it takes money to make money. There are two basic types of business financing: debt and equity. Each has its advantages and its drawbacks, and over time most businesses will need both. Finding the...
by Jill Tavey | Mar 12, 2021 | Finance Knowledge, Financial Forecasting, Financial Strategy, General Business
For businesses that are inventory-supported, such as retail, resale, or manufacturing businesses, strategic vendor contracts can greatly enhance your profitability and cash flow. For some companies, vendor contracts are a set-it-and-forget-it portion of the business....
by Loren Anderson | Feb 18, 2021 | Finance Knowledge, General Business
Every business needs banking services so they can receive funds, pay bills, and finance large purchases. It may be tempting to just use your personal bank for your business needs. However, a business has much greater need to understand and carefully select its banking...
by Wes Anderson | Feb 11, 2021 | Finance Knowledge, Financial Strategy, Financial Systems, General Business
What is Cost of Goods Sold (COGS)? Cost of Goods Sold is also known as COGS or Cost of Sales. It is a critical financial metric that indicates the direct cost of creating or acquiring the goods a company sells during a given time period. This figure helps companies...
