How to calculate debt service payments
Debt service is the periodic (usually annual) payment of accrued interest and part of the principal amount of the debt. When applying for a loan, companies are required to disclose…

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How to analyze the ratio of debt to equity
The debt-to-equity ratio is a financial measure used to assess a company's capital structure, more specifically, to estimate the relative proportions of a firm's assets that are funded by debt.…

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How to create a trust fund
A trust fund is commonly seen as a way to raise money for the children of wealthy people, but in fact it can be a useful financial tool at any…

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How to evaluate workflow improvements
In order for a business to remain competitive, its work processes (both production and financial) must be constantly improved. For this reason, there is a need to evaluate the results…

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bucket of crabs

How to become rich at a young age

If a person wants to become rich, then he will have to work hard, plan things wisely and put aside savings at any age, especially in his youth (of course, if he was not lucky enough to inherit wealth). It may seem that young and famous artists, athletes and businessmen got rich by chance or simply due to their innate talents, but all their achievements are the result of perseverance and dedication. Most people will not be able to achieve astronomical success, but any motivated person can become rich in just a few years through their efforts, time and adherence to certain principles. Continue reading

Seven laws of money or how to be friends with finances

Do you want to become financially free and prosperous? Have you thought about your relationship with finances? We all want to have as much money as we need and even more, but in the end we can observe that someone is friends with money, and someone not so much.

Money requires respect, so proper handling and following the money laws discussed in this article will help you improve your financial situation and strengthen your relationship with money. Continue reading

Operating lever

Typically, business owners are interested in two interrelated indicators: revenue and profit. Revenue shows how much the company has earned, and profit shows how much is left after deducting expenses.

Most likely, if the revenue is higher, then the profit will be higher. The opposite also works: if revenue falls, then the same will happen with profit. And everything would be very simple if there was a direct relationship between the indicators. But no: revenue can sink quite a bit, and this will lead to big losses. Continue reading

Money under the mattress does not work!
Like fuel for a car. If a canister of gasoline lies somewhere in the garage, and does not power the engine, then there is little sense from such fuel. Moreover,…

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How to attract a sponsor
The process of obtaining sponsorship for your business, project or event can end in a successful and mutually beneficial cooperation, or a complete failure. However, you can significantly increase your…

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How to attract a sponsor
The process of obtaining sponsorship for your business, project or event can end in a successful and mutually beneficial cooperation, or a complete failure. However, you can significantly increase your…

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