Good accounts receivable management practices
Accounts receivable management is a key part of managing any business. Neglecting this aspect can lead to a cash crunch, which in turn can have serious consequences.
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Good practices for sound supplier management
Even with a brilliant idea, seasoned managers, talented employees and a revolutionary concept, without suppliers a company is like a dream car with no gas in its tank—worthy of interest but unable to reach its full potential.
5 steps to creating your website
Here the 5 fundamental steps to creating your website or making changes to an existing one: strategic planning, design, production, launch, operations.
Due diligence: A critical step in buying a business
A critical step in buying a business, due diligence is done to support the terms of sale (e.g., purchase price may be revised to reflect points discovered). A long, intensive process, due diligence prepares you to negotiate effectively and make an informed decision.
Civil liability: Preventive measures to avoid lawsuits
Your business is liable for any property damage or physical or emotional injury it may cause to third parties. Adopting preventive measures can help you avoid being held responsible for bodily injuries and sued for civil liability.
Is your business prepared to deal with an emergency?
No business is immune to disasters and their consequences, some of which can even threaten the company’s survival. Even worse, they could endanger the health and lives of employees. Fortunately, you can prepare for the unexpected with a solid emergency plan.
Should you incorporate your business?
Many self-employed workers think about or decide to incorporate their business to take advantage of the tax benefits granted to corporations. But is that the right thing to do?
What is a letter of intent?
You're interested in buying a business and feel that you can start negotiations with the seller. However, certain preliminary steps often need to be taken to protect the rights of the parties involved in the transaction. The letter of intent is one of those steps.