August 31, 2022
Charles Lutwidge
10 Best Recession-Proof Business Ideas
Today, some people prefer starting their businesses. The trend started gaining popularity during the COVID-19 pandemic when many people lost their jobs or companies had to ask employees to take unpaid leaves due to quarantine restrictions. Even after returning to...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
August 25, 2022
Charles Lutwidge
Employment Contracts for Small Businesses: Features and Requirements
Typically, companies require new employees to sign contracts outlining the employment terms and responsibilities. However, small or mid-sized companies don’t have to issue physical contracts, they can verbally agree on employment terms and conditions. Moreover, there are different types of...
August 23, 2022
Charles Lutwidge
What is Business Process Automation
Employees in any business industry often have to deal with repetitive tasks daily. Thus, employees have less time on more important tasks. This problem leads business owners to lose profit. However, companies and organizations can opt for business process automation...
August 17, 2022
Charles Lutwidge
What is Decision Making Framework
Our lives are full of choices. Sometimes, it’s easy to make a decision. In other cases, taking time is critical since the decision is crucial to success. In business and management, it’s vital to make decisions fast, but chosen solutions...
August 11, 2022
Charles Lutwidge
What Is Invoice Factoring?
Clients postponing payments according to invoices can cause a lot of trouble to your business and plans. Typically, slow-paying clients disrupt payrolls, bills, investments in machinery and technology, hiring new employees, or even taking new projects. Luckily, the modern world...
August 10, 2022
Charles Lutwidge
Salary vs Owner’s Draw: How to Pay Yourself as a Business Owner?
People starting a business usually decide to launch their projects to get more money. But even if a business owner manages to generate significant income, they might encounter difficulties with paying themselves. Owning a business means that you have to...
August 09, 2022
Charles Lutwidge
What is Net 30 Payment Terms
It can be tricky to get all invoices paid on time, which is why some businesses offer their customers more flexible terms. Giving enough time for clients to pay is a win-win situation since clients can properly manage their accounts...
August 05, 2022
Charles Lutwidge
What is Cost of Debt
Business owners who take loans from financial institutions are aware of such a concept, as the cost of debt. It’s a concept that a business owner must consider while using loaned money to improve business operations. Simply focusing on a...
