Small business failures overview: Every year, thousands of entrepreneurs set up new businesses. They enter into business with a hope of success, however; they face constant challenges and a lot of fear of business failures. According to the Bureau of…
What is the statement of cash flow? A cash flow statement is a regular financial statement that tells you all about inflows and outflows of cash. Even it tells you how much cash in hand you have for a specific…
Importance of social media in business: Business exposure or brand awareness is one of the primary objectives of the business. The advent of digital technology has made it possible to approach the largest and targeted audience through the growing wave…
Types of Unemployment Overview: Unemployment is a macroeconomic problem that affects people and the economy as well. There are three types of unemployment as referenced by economists: Frictional, structural, and cyclical. Economists say that the economy is “fully employed” when…
When you read more, you get more stuff to think. When you read more books, you get more experience from the life and career of different authors. The opinion and words described in the books help you expand your understanding…
Statement of Financial Position Overview: A statement of financial position (formerly called a balance sheet) is a financial report about the financial position of an entity. It is a list of the assets, liabilities, and equity of an entity as…
Financial Statements Overview: Financial Statements are the financial documents providing significant information about the financial activities of the business entity. The objective of financial statements is to provide information about the financial position, financial performance, status of owner’s equity, and…
Blockchain in Finance Overview: Technological innovations change the way of life and introduce new methods of business. Such innovations are capable of growing the global economy and making our everyday lives easier. Blockchain is one of the modern innovations. Most…
Unethical Practices in business Overview: Business organizations are reluctant to embrace ethical practices and behaviors. However, they engage in unethical business practices to earn a big profit and capture a bigger market share, which is a common business goal for…
Risk management involves the accurate and best possible methods to manage risks. It is the process to identify potential threats as early as possible and take all necessary steps to minimize and control its adverse impact on business operations. Whether…