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4 Types of Financial Statements

4 Types of Financial Statements

DefinitionFinancial Statements represent a formal record of the financial activities of an entity. These are written reports that quantify the financial strength, performance and liquidity of a company. Financial Statements reflect the financial effects of business transactions and events on the entity.Four Types of Financial StatementsThe four main types of financial statements are:1. Statement of…

5 Business Trends That Will Continue to Rise

5 Business Trends That Will Continue to Rise

December 26, 2018 6 min readOpinions expressed by Entrepreneur contributors are their own. On one hand, year-on-year improvements are what makes companies great; on the other, firms can’t control many of the factors that dictate whether, say, revenue rises or not. The efforts of one person (or even one company) can’t counter 2019’s industry trends…

7 Steps to Starting a Small Business Online

Follow this plan for attracting visitors to your small business’ site — and getting them to buy.Opinions expressed by Entrepreneur contributors are their own. There is a proven sequence of steps you can follow to guarantee your success when you’re starting a small business online. I’ve seen thousands of people start and grow successful businesses…

Functional Areas of a Business

Functional Areas of a Business

Part of a business’ growth is the deployment of separate departments which functions with specific focus and definitive path. They are structured according to certain business requirements and these departments will vary depending on the type of business being practiced. Knowing the different functional areas of a business is a basic but major necessity for…

Small Business Guide to Manufacturing

Small Business Guide to Manufacturing

ByMartin Murray is a former writer for The Balance Small Business, and the author of eight books on supply chain management and enterprise resource planning.Martin MurrayUpdated August 08, 2019In the U.S. small manufacturers can be found in all fifty states. Organizations such as the American Small Manufacturers Coalition (ASMC) exist to promote small manufacturers and…