How to evaluate workflow improvements
In order for a business to remain competitive, its work processes (both production and financial)…

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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…

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How to Find Marginal Revenue
According to basic economic principles, if a company lowers the price of its products, then…

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How to become a marketing consultant
Marketing is the ability to tell a compelling story about products and services through words,…

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How to start a crayfish farming business

One common form of small business is selling beer. In Russia, they especially like a foamy drink, which means they buy many types of snacks for it. One of the most popular and expensive are crayfish. The main catch is that this aquatic inhabitant is not so easy to find in a regular store.

Against this background, we recommend that you consider breeding crayfish as a business. This is capable of generating a steady income on a product that has not lost popularity for many decades. Continue reading

Business financial health

It happens that a company looks successful, healthy and rich: every month it opens a new branch, hires its second thousand employees and does not leave the front page of Forbes. But then – once, and bankruptcy. This happens when the owner looks only at the scale of the company or turnover, and these are not indicators that really reflect the financial health of the business. About those – in the article.

0. Profitability
Before we get into the metrics, let’s look at the types of profitability. Continue reading

8 reasons why a business is losing money out of the blue

When we start working with financial accounting in companies, the first thing we do is collect basic reports. Thus, we digitize the company. And thanks to this digitization, it is almost always possible to find a serious leak of money, or even more than one.

In this article, we tell you where business money most often flows. We suggest checking if your company has such “leaks”, and if there are, fix them as soon as possible. Continue reading

How to calculate debt service payments
Debt service is the periodic (usually annual) payment of accrued interest and part of the…

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How to create a business from scratch?
Therefore, it is not surprising that this idea seems like a promising undertaking for every…

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What is a debit and credit balance
“Debit and credit” is perhaps the most famous accounting phrase that even those who are…

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