Business Growth Ideas

What is Retained Profit

What is Retained Profit? Formula, Advantages and Disadvantages

Retained profit is a crucial part of any trade. If you’re thinking to set up a profitable business and looking for a significant source of finances, then you need retained profit. Without it, numerous companies might have to borrow a huge amount of cash from banks, or they need to struggle to get a loan in the …

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external audit

Why Small Businesses Should Get External Audits

The term ‘audit’ can make any business owner feel worried about their financial health since these are forms of examinations that determine whether the company is operationally sound or not. External and internal auditors function differently, but it’s better to focus on getting external audits for start-ups and small businesses since it offers a bias-free …

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Methods of Valuation

How to Value your Business? Methods of Valuation

Calculating the worth of your business is crucial to determine its financial health and to make important decisions. Whether you’re buying, selling, expanding, or simply running a business, you need to know its value to make decisions accordingly. However, with the different methods of valuation, it becomes complex to choose the right one to know …

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Incremental Budgeting

Incremental Budgeting: Advantages & Disadvantages

Budgeting is crucial for business management. Along with determining the operational profitability of a business by forecasting income and expenditures, it is critical for predicting the cash flow, which is of vital importance for achieving financial sustainability. Besides, budgeting helps to make the right business decision and monitors the performance of the business. Keeping the …

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return on assets

What is Return on Assets? How to Calculate and Use it?

Return on Assets is a metric to measure the business profit in relation to its total assets. It indicates how well a company uses its assets (capital) to generate profit (net income). If your returns are higher, it means your business is efficiently utilizing its assets. If not, it implies that your business is not …

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marketing strategies

Work Up Your Marketing Strategy by Knowing these Customer Truths

If you’re looking forward to finding out what marketing strategies will work for 2021, you might want to revisit 2020 to figure out what worked and what didn’t.  Although 2020 may not be a sound financial year for many businesses, it taught us many lessons. Its time to take a look back at all some …

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Top Business Recovery and Resilience Skills that Help in the Pandemic 

Top Business Recovery and Resilience Skills that Help in the Pandemic 

When you take a look at the current scenario, you clearly observe that the work home trend is here to stay for a while. So what are the best tips and tricks that help one get their Accountancy practice right in times like these. What are the list of things you must bear in your …

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Cross-Selling

Here’s your Detailed Guide to Cross-Selling and Up-selling

Nowadays, salespeople are not the only ones responsible for closings. If you’ve observed, companies are onboarding Customer Success Managers (CSMs) that work on increasing the revenue of the customers. Sales can become one of their additional growth strategies. Cross-selling and upselling is one strategy every salesperson must include in their marketing plan.  Cross-selling and upselling …

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startup business

4 Reasons Your Start-Up Needs to Have Good Accounting

Accounting never really changes, whether it’s for a startup business or a large enterprise. It is all about keeping accurate records of ongoing financial transactions and looking for opportunities to make more profits and grow!    That being said, accounting is much more essential for a startup business, as any mishaps here can lead to …

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Financial Elements that your Business Needs to Get Right

Three Financial Elements Your Business Needs To Get Right

Businesses with disregarded financials have an extreme hindrance on the lookout, and regularly neglect to make maintainable progress. With that being the situation, we might want to cause the notice to three monetary components of your organization that can be effortlessly made with a touch of consideration, yet can imperil the endeavour if not oversaw …

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Registered Office Address London

Distinguish Between a Registered Office Address and a Business Address

In these COVID times, you’re left with no other option, except operating through a virtual office. While you’re looking forward to enabling this flexibility for yourself or your employees, you need to figure out whether you need Registered Office Address London or a business address. Even if you’re a freelancer or digital nomad, you as …

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financial advisor

Plan Your Long-term Financial Security With Right Financial Advisor

Getting your financial goals with a financial advisor may sound strange for some of you. You may consider them a luxury. But in simple terms, these individuals help you achieve your financial goals by telling you where and how to spend your money.  Getting a professional hand involved in your financial affairs is not a …

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Temporary Event Notice

How to Apply for a License for Events and Businesses

Planning an event is a whole task and needs attention if you want it to be successful. There are a number of procedural and other norms that you need to go through before finalizing everything. This includes obtaining permissions and licenses for event-related specific things. It is normal to obtain more than one license for …

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Business Planning

Business Planning for 2021- Know What Works and What Doesn’t

You need to know all the figures that’ll contribute to your business planning for next year. All that research is important to help you out with the latest trends that are some way or the other making you lag behind in the competition.  According to research, 50% of business owners don’t have any plan when …

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