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Emergency Financing Alternatives

Asset-backed financing While you are unlikely to obtain new or additional unsecured bank lending if you are facing a cash crunch, yo...  Read story

The Lowdown on Contracts

Like most people, small-business owners tend to shy away from signing anything. They avoid contracts like the plague. But this is a risky way to do busine...  Read story

Depreciation Basics

The concept of depreciation is quite simple. For example, let' s say you purchase a truck for your business. The truck loses value the minute you drive it...  Read story

The Basics of Balance Sheets

A balance sheet is a snapshot of a business's financial condition at a specific moment in time, usually at the close of an accounting period. A balance sh...  Read story

Business Plan Outline

This is an outline of a complete business plan: Summary Business concept Current situati...  Read story

Income Statements

An income statement, otherwise known as a profit and loss statement, is a summary of a company's profit or loss during any one given period of time, such ...  Read story

Pointers on Putting Together Your Business Plan

Getting started The hardest part of creating a business plan is getting started. It seems like a daunting task at first. But once ...  Read story

Amortization Basics

In the course of doing business, you will likely acquire what are known as intangible assets. These assets can contribute to the revenue growth of your bu...  Read story

Prioritizing Bills When Money is Short

When your cash crunch is looking particularly severe and you can't pay all of your creditors, decide which ones to pay first. While every situation will b...  Read story

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