Whether you’re working with a third-party accountant or have in-house expertise, as a small business owner you still need to have visibility into how your company is doing financially. And that meansknowing your financial reportsinside and out. You don’t need to do a deep analysis of the...
Starting a business is a pursuit that appeals to many, but not everyone knows where to start. This guide will walk you through the elements of starting a business and explain what you can expect as you embark on the journey.
To start a successful home-based business, you must find the right idea, create a business plan, understand legal requirements, and set up an office space.
Financial projections are created to help business owners gain insight into the future of their company’s financials. The question is, how to create financial projections? For business plan purposes, it’s important that you follow the best practices of financial projection closely. This will ensur...
Now she’s the owner and chief creative officer of Coal and Canary, a Canada-based online luxury candle company. Her candles are sold all over North America and have even made it into the glamorous gift bags handed out to VIPs at the Oscar and Grammy Awards. What started as a passionate...
and a recognized expert in business planning. Tim is the originator ofLean Business Planning. He has an MBA from Stanford and degrees with honors from the University of Oregon and the University of Notre Dame. Today, Tim dedicates most of his time to blogging, teaching and evangelizing for ...
And while that's easier said than done, at least try to look at the company financials in a practical and fair way. "Most couples that work together will already be equal shareholders, even if they are the only employees working in the company. Depending on the circumstances, it's ...
Determining the value of public companies is much easier than doing so for private companies that don't make their financials available to the public. You can use comparable company analysis (CCA), which involves looking for similar public companies. ...
The income statement is an integral part of the company performance reports. While the balance sheet provides a snapshot of a company’s financials as of a particular date, the income statement reports income through a specific period, usually a quarter or a year. ...
By comparing the company's market value to its book value, investors can, in part, determine whether a stock is under- or over-priced. The market-to-book multiple, while it does have shortcomings, remains acrucial tool for value investors. Extensive academic evidence shows that companies with...