How To Set Budget on Marketing

How To Determine The Amount To Budget on Marketing. Now that you know the need to spend money on marketing, you may like to know the amount that will be appropriate to be set aside for this. There is no ‘one fits all’ approach to this.  But generally, amount of a marketing budget can be a function of any of the following: Read Also: Usefulness of email marketing to small business Personal Judgement. This involves you determining how much you think expedient to be spent on marketing your product or service. You are in the best position to understand everything about Continue ReadingHow To Set Budget on Marketing

Preparation of Financial Statements for Small Business

How to prepare a financial statement for a small business. Financial statements are the outputs of your book keeping and accounting efforts. It can be described as the report card of your business. Financial statements are an important management tool. When correctly prepared and properly interpreted, they contribute to an understanding of financial condition, problems and possibilities of a business. Financial statements are the principal means of reporting financial information about a business to stakeholders. Stakeholders include people within an organization and to people outside the organization such as shareholders, lenders, employees, customers, creditors and the government. It can be Continue ReadingPreparation of Financial Statements for Small Business

How to Get Small Business Loans With Ease

Learn how to secure small business loans without stress. Securing small business loans is not as difficult as the way people think. You only need to understand what the banks want before they grant small business loans. If you master and meet the banks requirements, it will be easy for you to get loans for your small business. There is no gainsaying about the roles finance plays in small business. If you ask any small business owner what his challenges are, he will likely mention finance among others. Of course, there are different ways a small business can finance its operations. This Continue ReadingHow to Get Small Business Loans With Ease

How to Prevent Bad Debts in Business

Preventive measures against bad debts. What is “bad debts”? In a simple language, I will define bad debts as sales made to customers on credit which you are not able to collect. On the other hand, one can say that bad debts are irrecoverable debts. Bad debts as its name implies is bad for any business. It does not only distort your financial reporting, it also affects your liquidity. Let me explain this. In accounting, you prepare your financial statements using accrual concept. This implies that you recognise your revenues when sales are made. You don’t wait till the time Continue ReadingHow to Prevent Bad Debts in Business

Top Web Hosting Companies Around the World

Waiting for Black Friday and Cyber Monday 2017 Web Hosting Deals? Are you searching for web hosting companies? Are you targeting Black Friday/Cyber Monday web hosting deals? Instead of spending your valuable time searching for web hosting companies, we have dedicated this article to make a list of the popular web hosting companies so that you can choose the one that best suits you. It is no longer news that there are website hosting deals and discounts usually being offered by many web hosting companies in Cyber week, covering Black Friday and Cyber Monday. In this year Black Friday and Cyber Monday, Continue ReadingTop Web Hosting Companies Around the World