Best Practices for Inventory Management in a Small Business

Best Practices for Inventory Management in a Small Business

Inventory management is the process of ordering, storing, and tracking the inventory of a business. It is an essential task for any business, but it is especially important for small businesses that have limited resources. Here are some best practices for inventory...
What is a Good Business Plan?

What is a Good Business Plan?

A good business plan is a roadmap for your business. It helps you define your goals, identify your target market, and develop strategies to achieve your goals. A well-written business plan can help you attract investors, secure funding, and grow your business. A good...
What are Gross Profit and Profit Margin?

What are Gross Profit and Profit Margin?

One of the most important areas of a company's financial management is the calculation of gross profit.  However, it is the most misunderstood and overlooked areas of business. It is the profit a company makes after deducting the costs associated with making and...
What You Need to Know About Expenses

What You Need to Know About Expenses

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  An integral part of financial literacy for a business is expense management.  How you manage expenses is often overlooked, but it is...
What are Expenses?

What are Expenses?

As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts.  An important part of financial literacy for a business is the concept of expenses. What is an Expense? An expense is a cost a business...