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LATEST ARTICLES

How to Define a Business

Posted on November 8, 2021 by Raphael Corns
Businesses are everywhere.They're the units that perform the majority of the economic activity inside our economy.Most businesses exist to create a profit.There are several businesses which exist to execute a function apart from profit, such as for example cooperatives and non-profit organisations.The original definition of a small business can be an entity that includes time, effort and capital to be able to create a profit...

The Right Barcode Label Material

Posted on October 17, 2021 by Raphael Corns
So, you merely bought your first thermal transfer printer and today you need to discover the perfect label for the printing application.Thermal printers are excellent for printing shipping labels, warehouse rack labels, barcode labels, asset labels and product identification labels.Selecting the most appropriate label material could be probably the most important decisions you make.In case you are printing shipping labels or barcode identification labels for retail, the label doesn't have that long of a shelf life...

Why Are Duopolies So Competitive?

Posted on September 11, 2021 by Raphael Corns
A duopoly is really a situation where two firms control almost all of the marketplace for something or service.Duopolies could be surprisingly competitive.In the event that you remember that the cost of something or service is set solely by the best losing bid price and the cheapest losing ask price, you'll understand why a duopoly could be so competitive.Numerous inefficient competitors could have minimal affect on prices over time unless someone (the government or perhaps a band of idiotic investors) is ready to continually finance unprofitable operations within an unprofitable industry (think airlines)...

Budgeting Mistakes and How to Avoid Them

Posted on August 13, 2021 by Raphael Corns
Great business ideas and bold marketing plans are useless if you don't budget carefully.In this post we explore one of the most common budgeting mistakes and ways to prevent them.Do not count taxable amounts as company holdingsIt is simple to forget that the total amount in the business's bank account will not represent the real holding value of the business.Remember that in the event that you exceed the VAT threshold, a quantity will undoubtedly be owed as VAT each quarter and that you will need to pay corporation tax by the end of the business's financial year...

How to Reduce Late Payments

Posted on July 8, 2021 by Raphael Corns
Being paid promptly is vital to the financial health of a small business and good cashflow management.Hence, it is vital that you encourage your visitors to cover you promptly.A proven way that can be done that is by invoicing your visitors properly.Sending out Accurate Invoices on TimeOne of the main element ways that it is possible to avoid late payments is by making certain you distribute invoices promptly and they are accurate...