What is a debit and credit balance
“Debit and credit” is perhaps the most famous accounting phrase that even those who are far from the topic of finance know. But do you understand what it is, and…

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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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Bank selection
Choosing a bank is one of the most responsible decisions. A lot can depend on the stability of a credit institution. Of course, it is quite difficult for an average…

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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, pictures, movies, and branding. Marketing consultants (marketers) are experts in marketing who, after many years…

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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

How to create a business from scratch?

Therefore, it is not surprising that this idea seems like a promising undertaking for every vigorous enthusiast. However, many novice businessmen either burn out or, in principle, do not dare to realize their idea. Statistics show that 99% of ideas for their own business are put into a black box for various reasons: someone is simply lazy, others cannot quickly navigate the current situation and miss their chance. The very first and main question that arises for the future tycoon: where to get the finances to create a business from scratch? Continue reading

How to develop a business plan

For the success of the enterprise and the company as a whole, you need the right development strategy, which needs to be thought out to the smallest detail. The best option would be to create a business plan, which will clearly spell out all the points. But, for starters, let’s look at what a business plan is, its varieties, the rules and purposes of drawing up – this is what we will tell you about in our article.

The essence and meaning of a business plan Continue reading

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 the banking system works
We all, one way or another, interact with banks. Deposits, loans, bank cards, payment of utility bills: this is an integral part of the daily life of every person. But…

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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,…

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