We've talked about getting more, but what exactly is working capital? It's important to know what it is and why you want it. We will talk about working capital management, net working capital formula, and how that relates to current assets.
We know that working capital (money) is the lifeblood of any business. Too little? You are out of business? Tune in and find out how to get more working capital for your small business.
[00:00:00] Taylor: [00:00:00] Hello. Welcome back. This is Taylor Darcy coming to you after the last episode talking about your goals as an entrepreneur. Or rather keeping the end in mind. What's your purpose? Why are you starting a business? What is your goal is to have a disposable income, or is it to [...]
Busy small business owners have many tasks on their plates: A significant one is staying on top of important tax and filing deadlines. These important dates may vary depending upon the business’ structure. Here are some of the most critical deadlines business owners may need to meet over the next few months. Federal tax [...]
For a small business to grow, it is often necessary to borrow money. The Small Business Administration reports that the inability to obtain funding is one of the main obstacles that prevents small businesses from expanding their operations. To increase your business’s chances of obtaining much-needed funding, it is important to understand and establish [...]
Despite your best efforts to work only with customers or clients you believe will pay for the goods or services your business provides and to diligently collect delinquent amounts owed, you will almost inevitably have to deal with bad debts occasionally. Sometimes, the IRS allows you to take a bad debt deduction. What Is [...]