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Finance

  • Planning
    From Idea to Break-Even: How to Create a Financial Model for Your BusinessBreak even
    96 shares
    So you’ve got a good idea for a business. Congratulations! But turning ideas into reality can be an expensive process. You’ll have to spend money before you even start, and then keep spending money as you try to build up your customer base. So how do you figure out how much money you’ll need, and whether you can afford it? In this tutorial, you’ll learn how to create a comprehensive financial model for your new business. Read More…
  • Insurance
    How to Protect Your Business With the Right InsuranceRisk insurance
    62 shares
    In this final part of our series on risk management, we'll take a look at the different types of insurance your business needs. From general liability insurance to workers' compensation insurance, we'll look at how the different policies work, and how they can help protect your company in various worst-case scenarios.Read More…
  • Planning
    Effective Risk Management StrategiesRisk management
    84 shares
    So far in this series on risk management, we’ve looked at the main types of risk a business can face, and how to measure risk in your business. The next logical step, of course, is to put together a plan for dealing with each risk you’ve identified, so that you can manage your risks on an ongoing basis. You’ll learn exactly how to do that in this tutorial.Read More…
  • Planning
    How to Measure Risk in Your BusinessRisk measure
    114 shares
    In part two of our guide on risk management, you'll learn how to identify and evaluate specific risks that your business is subject to. You'll see how you can quantify each risk and create a "risk scorecard" that helps you prioritize based on likelihood and impact.Read More…
  • Risk Analysis
    The Main Types of Business RiskRisk types
    93 shares
    Businesses face all kinds of risks, some of which can cause serious loss of profits or even bankruptcy. But while all large companies have extensive "risk management" departments, smaller businesses tend not to look at the issue in such a systematic way. So in this four-part series of tutorials, you’ll learn the basics of risk management and how you can apply them in your business.Read More…
  • Business
    How to Raise Your Prices Without Losing CustomersRaise prices
    235 shares
    Price increases are a necessary part of doing business, but nobody likes talking about them. So here's a guide to communicating price changes to your customers in a way that makes them easier to understand and accept.Read More…
  • Management
    How to Hire Your First EmployeesEmployee badge new hire
    67 shares
    Learn what to do if you need to start hiring staff for your business. How do you find the right candidates, how do you interview them, and how do you figure out what pay and benefits to offer? We'll also cover some important regulatory requirements.Read More…
  • Pricing
    The Psychology of PricingPsychology of pricing
    416 shares
    Do you want to know how to price your products more effectively? Learn about some surprising research results into the psychology of pricing, and how you can use them to boost your business's bottom line. We'll cover value reframing, price anchoring, the impact of choice, and more.Read More…
  • Accounting
    Cash Versus Accrual Accounting: What's the Difference, and Why Does it Matter?Cash versus accrual accounting spreadsheet
    81 shares
    When your business earns or spends money, when do you record that on your books? There are two approaches: cash or accrual accounting. In this tutorial we look at what the difference is, why it's important for your business, and how you can choose which method to use.Read More…
  • Accounting
    Bookkeeping 101: What You Need to Know to Run Your BusinessSpreadsheet
    178 shares
    A quick, jargon-free guide to help you understand the basics of bookkeeping. We'll decode some key accounting principles, and show you how to create and maintain an accurate set of accounts for your business.Read More…
  • Franchise
    Running a Successful Franchise5 running
    55 shares
    The final tutorial in our franchising series looks at how to run a successful franchise. You'll learn how to start off on the right foot, how to combine the franchisor’s business plan with your own, and how to advertise and build the crucial relationships that will set you up for success.Read More…
  • Franchise
    How to Decode a Franchise Disclosure Document and Franchise Agreement4 decode
    50 shares
    The key documents you get when buying a franchise contain a wealth of useful information, but can be hard to decipher. In the forth tutorial in our series on buying and running a successful franchise, we look at how to read and evaluate the Franchise Disclosure Document and franchise agreement, so that you can understand exactly what you're getting into.Read More…
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