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Basic Financial Statements: All You Need to Know?

Basic Financial Statements: All You Need to Know?

According to a published report, contribution of  MSME sector towards the growth of the Indian economy is quite significant. The Micro, Small & Medium Enterprises:Have a vast network of over 32 million unitsCreate employment of about 70 millionManufacture more than 6000 productsContribute about 45% to manufacturing output and about 40% of exports, directly and indirectly.Despite…

Beginners' Guide to Financial Statement

Beginners’ Guide to Financial Statement

The BasicsIf you can read a nutrition label or a baseball box score, you can learn to read basic financial statements. If you can follow a recipe or apply for a loan, you can learn basic accounting. The basics aren’t difficult and they aren’t rocket science.This brochure is designed to help you gain a basic…

Smart Ways to Invest Money

Smart Ways to Invest Money

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.Investing money in the stock market is the number one way…

The Ultimate Guide to Accounting Basics

The Ultimate Guide to Accounting Basics

In college, I started a local consignment business. It was very different from my freelance writing business for a few key reasons: I had employees, I had physical products (which meant a physical store and check-out process), and I had a different legal business entity.I had some experience under my belt from running my freelance…

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

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…