Working capital — current assets minus current liabilities — is a common measure of liquidity. High liquidity generally equates with low risk, but excessive amounts of cash tied up in working capital may detract from growth opportunities and other spending options, such as expanding to...
Concentration risks are a threat to your supply chain. These occur when a company relies on a customer or supplier for 10 percent or more of its revenue or materials, or on several customers or suppliers located in the same geographic region. If a key...
It is a smaller business world after all. With the ease and popularity of e-commerce, as well as the incredible efficiency of many supply chains, companies of all sorts are finding it easier than ever to widen their markets. Doing so has become so much...
The Securities and Exchange Commission (SEC) is reviewing its controversial disclosure rule that requires businesses to trace the sources of certain minerals used in their products. Businesses subject to the rule complain about its costs, but human rights groups say it has produced tangible benefits...
Picking someone to lead your company after you step down is probably among the hardest aspects of retiring (or otherwise moving on). Sure, there are some business owners who have a ready-made successor waiting in the wings at a moment’s notice. However, many have a...
Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a payment from the IRS for a few thousand dollars can be a pleasant influx of cash. However, it means you were essentially giving the government an interest-free loan for close...
Running a business is like going on a road trip — and a detailed business plan that includes a set of pro forma financials can serve as a road map or GPS app that improves your odds of arriving on time and on budget. If...
Providing a strong package of benefits is a competitive imperative in today’s business world. Like many employers, you have probably worked hard to put together a solid menu of offerings to your staff. Unfortunately, many employees do not perceive the full value of the benefits...
