Income Statement: Examples and Analysis As we’ve discussed in the previous lessons, knowing how to read an income statement is a critical skill to have, no matter how big or small your ecommerce business is. Not only does it help you assess your company’s financial progress, it helps you predict and plan accordingly for future […]
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In this lesson we’ll be talking about the income statement and why it is so important to prepare one for your online business. Let’s begin with a brief explanation. What is an income statement? It is basically a detailed record of the income earned and expenses incurred by your business during a certain period of […]
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Building a financial model from scratch can be pretty daunting, especially if you’ve never done it before. However it’s not as complicated as you might think. With a good grasp of some of the best practices and tips to follow, you can have a reasonably good model in no time. Although each business may have […]
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Running your business online is no easy task. From raising funds, managing finances, tracking leads all the way to valuing your inventory, there’s no end to how time-consuming all of it can get. Let’s lighten that burden for you with a proper re-education on financial modeling, from the ground up. Here we’ll walk you through […]
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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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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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Forecasting and planning for the future are crucial for the success of a business. For accurately planning and securing your business, you need to strike the right balance between your budgets and forecasts. Analyzing the difference between budgets and flow forecasts is the foundation of financial management. After going through this article, you will have […]
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If your finances have you in a mood, know that you’re not alone. According to a study conducted by Northwestern Mutual, 50% of Americans feel anxious, insecure, and scared about their finances on a regular basis. In fact, financial stress is the dominant source of stress in the lives of Americans. Brightflow AI is helping […]
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