How to measure progress
What’s your goal? How can you measure progress towards meeting your goal? These are practical questions – not only does every business person need goals, but they also need to measure progress. I’ll give you a simple example. I’m blogging.
How to measure progress
What’s your goal? How can you measure progress towards meeting your goal? These are practical questions – not only does every business person need goals, but they also need to measure progress. I’ll give you a simple example. I’m blogging.
The IRS can call your money-losing business a hobby - and take away your deductions!
Reblogged from Accountinator: If your business has been losing a lot of money for a long time, the IRS could call it a hobby and stop you from deducting your losses. Key to avoiding the “hobby” status is that your
The IRS can call your money-losing business a hobby - and take away your deductions!
Reblogged from Accountinator: If your business has been losing a lot of money for a long time, the IRS could call it a hobby and stop you from deducting your losses. Key to avoiding the “hobby” status is that your
Should you reinvest dividends?
As an investor, should you reinvest dividends? There are several benefits to reinvesting dividends: avoiding commissions and fees on buying more stock; helping you to save money and reinvest it in your portfolio; encouraging you to reinvest money into the
Should you reinvest dividends?
As an investor, should you reinvest dividends? There are several benefits to reinvesting dividends: avoiding commissions and fees on buying more stock; helping you to save money and reinvest it in your portfolio; encouraging you to reinvest money into the
Dividends explained
Dividends are distributions of profits to stockholders. Corporations pay dividends; dividends paid by partnerships and sole proprietorships are called “withdrawals” or “drawings.” “Dividends” generally refer to cash dividends, cash payments to stockholders as a distribution of their profits. After all,
Dividends explained
Dividends are distributions of profits to stockholders. Corporations pay dividends; dividends paid by partnerships and sole proprietorships are called “withdrawals” or “drawings.” “Dividends” generally refer to cash dividends, cash payments to stockholders as a distribution of their profits. After all,
What are revenues?
Revenues are inflows earned from your customers. The key factor to understanding revenues is understanding that you must earn them. To earn a revenue, you must provide whatever service or product it is that you provide to your customers. For example,
What are revenues?
Revenues are inflows earned from your customers. The key factor to understanding revenues is understanding that you must earn them. To earn a revenue, you must provide whatever service or product it is that you provide to your customers. For example,
Just Because the IRS Fails to Respond to Your Nonsensical Letters, It Doesn't Make Them Any Less Nonsensical
Reblogged from Double Taxation: A Take On All Things Taxes: Despite driving a truck for a living, Kevin Holloway was confident he knew the ins and outs of the Constitution. And nowhere on that sacred parchment, Holloway would have you
Just Because the IRS Fails to Respond to Your Nonsensical Letters, It Doesn't Make Them Any Less Nonsensical
Reblogged from Double Taxation: A Take On All Things Taxes: Despite driving a truck for a living, Kevin Holloway was confident he knew the ins and outs of the Constitution. And nowhere on that sacred parchment, Holloway would have you
Do more with less
Perhaps the most powerful aspect of e-commerce is the ability of web entrepreneurs to create major business using almost no assets. Consider one of the great retailers of yesteryear: Sears Roebuck. To generate tremendous sales, Sears built a chain of
Do more with less
Perhaps the most powerful aspect of e-commerce is the ability of web entrepreneurs to create major business using almost no assets. Consider one of the great retailers of yesteryear: Sears Roebuck. To generate tremendous sales, Sears built a chain of
Step costs explained
To run a business, you must understand how your business’s costs behave. A fixed cost is any cost that will remain the same, regardless of changes in your sales volume. Variable costs are costs that change with sales volume. The greater
Step costs explained
To run a business, you must understand how your business’s costs behave. A fixed cost is any cost that will remain the same, regardless of changes in your sales volume. Variable costs are costs that change with sales volume. The greater
Using OmniFocus
I’m a big fan of OmniFocus for iPad. Teaching classes, running an academic department, performing research, blogging, not to mention leading a large family and being active in my community, I keep busy. And I’ve tried a lot of different
Using OmniFocus
I’m a big fan of OmniFocus for iPad. Teaching classes, running an academic department, performing research, blogging, not to mention leading a large family and being active in my community, I keep busy. And I’ve tried a lot of different
What is net income?
Net income is the difference between revenues and expenses. Revenues – expenses = net income We use net income to measure profitability. (Net income and net profit are synonyms.) A good basic goal for your business should be to
What is net income?
Net income is the difference between revenues and expenses. Revenues – expenses = net income We use net income to measure profitability. (Net income and net profit are synonyms.) A good basic goal for your business should be to
