A balance sheet is commonly called a “snapshot of a company’s financial condition”. It is a statement of the company regarding its financial position or its net worth or in simpler words a statement regarding the company’s spending and earning. There are three important financial statements in a company namely income statement, cash flow statement, […]
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If one is new to the field of business and entrepreneurship, then Finance is unquestionably the vital section of the business plan. Even if your ideas and innovations are important what matters the most at the end of the day is the marketing strategies and how much your vision can help in making an earning. […]
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Whether you are looking to explain about your start-up to a potential investor, or are the chief of a multibillion-dollar company wanting to diversify your organization with new operations, you’ll need a presentation of what you have in mind; a business pitch. It is necessary to get the business pitch right so you can in […]
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Entrepreneurship is the method or acts for the starting of a business firm that is more likely to be a startup company that offers products of creativity and service processes. It is basically like a method of creativity. An entrepreneur discerns everything as his opportunity and shows bias in taking his options to make full […]
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Planning is the most influential part of a business. Every business organization must plan their activities on a long term or short-term basis for the proper development of their organization. Lack of planning may create some loss in financial, mechanical, or in human resources management divisions. A developed company has a wing that deals with […]
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Accounting is an important sector or a part of the business. You invest a large sum of money in your business, and your ultimate aim is to attain maximum profit out of this investment. Without proper accounting, you can’t achieve your goal. The organizations lack usual accounting may have to face many consequences in the […]
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The well functioning of a firm indisputably depends on the up to date documentation of the present income as well as the expected profit and loss. A profit and loss forecast report is the illustration of the health of the business at a given time. It is a forecast of income from sales after deducting […]
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Cash is said to be the backbone of every organization. Every section in an organization runs only with the help of funds. A person is said to be a good businessman only when he becomes an expert in managing his fund or cash flow. If you don’t give much importance to the cash flow in […]
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The business is an act where we have to perform according to the current market and financial conditions of the organization. A successful businessman is a person who can maintain a perfect relation between the income and expenditure of his company. In the present situation, there are many applications which act as a catalyst to […]
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