Having a large amount of debt in your business is bad for cashflow, weakens your overall financial health and brings down your credit score as a business.
Having a large amount of debt in your business is bad for cashflow, weakens your overall financial health and brings down your credit score as a business.
Figuring out how much to charge is a big learning curve for any business owner. The answer to how to approach it will fluctuate as circumstances and markets change. It is important to revisit...
Price elasticity is an economic concept that you should get to know. It is instrumental in understanding demand for your product and the price you can set for it.
How long do your customers take to pay you?
A Xero Small Business Insights report showed that late payments to small businesses are improving. But overall, payments often still arrive after...
When you're looking to expand and grow your business, you'll almost certainly need extra finance to achieve this. But what’s the best funding route for your company?
A business bank account is an essential requirement for any business. But with so many banking providers out there, how do you know which business account to choose?
Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list...
Starting your own business is a BIG leap of faith. Will you find any customers? Will you make enough income? These are questions that any founder will ask themselves.
To understand the financial position of a business at a specific point of time, look at the balance sheet. The balance sheet may also be called the statement of financial position. Together...
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