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Business finance: The ultimate guide for non-finance people

BMT Office Administration

Either way, you’ll need to master the basics of business finance if you want to find success. Even employees not working directly in finance generally need a basic understanding of it to succeed. Nothing exists in a bubble, and business finance is no different. Why is that?

Finance 105
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3 Smart Money Moves to Make Before Starting a Business

Success

Unsurprisingly, finances are at the top of the planning list. Once you do the prep work and assess your current cash flow and resources, determine whether you can or should finance the business yourself or will need outside capital. Plan for your personal finances. So, where to start? Do your prep work.

Finance 345
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How Personnel Costs Impact Your Bottom Line

Small Business CEO

Whether you are a business operating in the private sector, or a municipality, personnel costs has a huge impact on your bottom line. Roughly 70% of most municipal budgets is used for personnel expenses, such as payroll and benefits.

Payroll 80
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What electronic record-keeping software best fits your needs?

BMT Office Administration

However, making the switch to electronic record-keeping often isn’t as expensive or cumbersome as small business owners think. More expensive than basic file storage options. These tools typically include onboarding, payroll , benefits, timekeeping, and performance management functionality. Often feature compliance tools.

Filing 98
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3 Loan Alternatives for Small Businesses

Small Business CEO

The obvious is to meet overhead, such as lease payments, utilities and payroll expenses. This may be in direct ways that increase revenues, or indirect means that cut costs or taxes. Reduce or eliminate interest expense. … Finance loan alternatives small business loans' Seize growth opportunities.

Payroll 40
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5 Administrative Assistant Skills That Add the Most Value

Admin Awards

Managers and executives also value assistants who know how to use accounting, payroll and HR applications. You’re on the front lines every day — overseeing day-to-day operations, selecting vendors and negotiating contracts — putting you in the perfect position to look for opportunities to cut office expenses.

Skills 40
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Frugal Business Spending: A Must In A Tough Economy

Small Business CEO

The best way for a small business to thrive nowadays is by cutting costs. Cost cutting on certain aspects of your business could just be the economic stimulus needed to let you bounce back from an economic spiral. These are: technology, overhead costs, fixed assets, marketing, insurance or finances and travel.

Finance 40