Small Business Guide to Contingent Liability
Business

Small Business Guide to Contingent Liability

Contingent liability is a term that refers to potential obligations or liabilities that may arise in the future, depending on the outcome of uncertain events. For small businesses, understanding and managing contingent liabilities is crucial…
A Guide to Break-even Point
Business

A Guide to Break-even Point

Break-even analysis is a financial tool that helps businesses determine the point at which their revenue equals their expenses, resulting in neither profit nor loss. It is an essential concept for businesses to understand as…
Business Accounting: Guide to Capital Cost
Business

Business Accounting: Guide to Capital Cost

Capital cost refers to the expenses incurred by a business in acquiring and maintaining its fixed assets, such as buildings, machinery, and equipment. It is an essential aspect of business accounting and decision-making, as it…
Accounting Explained: Bottom Line
Business

Accounting Explained: Bottom Line

Accounting is the process of recording, analyzing, and interpreting financial information of a business. It involves the systematic and comprehensive recording of financial transactions, as well as the preparation of financial statements and reports. Accounting…
What to Look at on a Balance Sheet
Business

What to Look at on a Balance Sheet

One of the most important financial statements for any business is the balance sheet. It provides a snapshot of its financial position at a specific point in time. At a glance, it shows how much…
What Is a Strategic Business Unit
Business

What Is a Strategic Business Unit

A Strategic Business Unit (SBU) is a standalone entity within a larger organisation that operates with its own set of strategies and objectives. Typically, an SBU has its own management team, marketing plans, and product…
Sole Trading Business Examples
Business

Sole Trading Business Examples

Sole trading business is the simplest and most straightforward form of business, where a single individual owns and operates the entire business. In fact, it is often considered the backbone of small businesses in various…
Examples of Sole Trader Businesses
Business

Examples of Sole Trader Businesses

A sole trader is a type of business that is owned and operated by a single individual. This type of business structure is the simplest and most common form of business ownership. Sole traders have…
Steps to Start a Shopify T-Shirt Business
Business

Steps to Start a Shopify T-Shirt Business

As more people shop online due to convenience and social distancing measures, there will likely be increased demand for products like clothing that can be purchased easily from home. By starting your Shopify T-shirt business…