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Where we left off As we left off in Part 1 of Basics of a Business Plan, any business plan you create is ultimately your business plan despite how much…

A success tool Success in business comes as a result of planning, and if you were to ask successful business people what do they attribute the reason for their success…

Attract interest As simple as it may seem, one of the easiest ways to begin the search for business start-up money is by advertising; but your ads need not be…

Prep for money Raising money for your new business is not always as difficult as some folks may lead you to believe; and while my intention here is not to…

The financial statement Financial statements are the backbone of a complete financial report. In fact, a financial report is not complete if the three primary financial statements are not included,…

The non-entity A sole proprietorship is the business of an individual who has decided not to carry his business as a separate legal entity, such as a corporation, partnership or…

Financial referees If you currently own a business or have owned a business of any kind you would probably agree with me that businesses have many different needs in order…

Assets vs. Liabilities Making a profit in a business is derived from several different activities in many different areas. Some times profit-making can get a little complicated because, just as…

If a business breaks the rules of accounting and ethics, it can be liable for legal sanctions against it. One reason legal sanctions are levied is due to the ability…

Accounting fraud is a deliberate and improper manipulation of the recording of sales revenue and/or expenses in order to make a company’s profit performance appear better than it actually is.…