An equity investment in a small business can result in the biggest gains, but it comes hand in hand with the most risk. If expenses run higher than sales, part of the losses get assigned to investors. If it turned into a bad quarter or year, the company might fail or go bankrupt. Ho...
A proforma invoice is a preparatory bill sent before work is finished. It details the payment just like the standard invoice would, but it’s not the official demand for cash. It only serves as an estimate of a sale, so the client can get an idea of how much the products and services...
Agility and flexibility are important for any small business where a few people have to be responsible for a wider range of solutions. Agile co-workers aren’t afraid of additional tasks even if they’re not keen on them perfectly. However, their efforts can be counterproductive that require a...
Intangible assetsare those with no physical form, including intellectual property, trademarks, prepaid expenses, goodwill, and long-term investments. An intangible asset doesn’t directly contribute to the everyday functioning of a company but can help boost the company’s value over the long term...
Operating expenses, or OpEx for short, are the ongoing expenses a business incurs from its day-to-day operations. They’re the costs of keeping the lights on and the business running — such as rent, salaries, utilities, and marketing. Whether you’re a tech giant or a local bakery, ...
Interim invoices are partial invoices that contain only a portion of the final invoice's fee to help fund the project and cover the operational expenses. Interim invoices are also used for larger, more expensive projects because the total amount can be broken down into smaller invoices to make ...
The different types of invoices that businesses can create for their clients are: 1. Standard Invoice Astandard invoice, aka “basic invoice,” or simply “invoice,” is issued by a business and submitted to a client. This is the most common form of an invoice that small businesses create,...
One strategy to prevent this small business liability is using secure storage facilities for sensitive data. These facilities oftenhave robust security protocolsto protect against unauthorized access and cyber threats. However, it is just one part of a comprehensive cybersecurity plan. ...
But operating expenses are a very necessary part of doing business and can't be avoided, which means they can't be eliminated altogether. Understanding what these expenses are can help business owners make smart decisions about which areas they need to slash. In this article, we highlight the...
Price refers to how much the company will sell the product for. When establishing a price, companies must consider the unit cost price, marketing costs, and distribution expenses. Companies must also consider the price of competing products in the marketplace and whether their proposed price point...