Stakeholders: Their Impact on the Success of a Business

With stakeholders wielding more influence over business outcomes than ever before, every organization needs to understand the impact they will have on operations as a result of various stakeholder groups. Investors are parties interested in a specific company; they are often investors financially. By sharing their feedback on company decisions or processes, employees can directly...

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If you own or manage a small business, you know running it requires a great deal of time and money. A simple way to boost your profits is to make sure you are taking all the deductions you are entitled to on your tax return. This can lower your taxable income while enabling you to...

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We all understand that the general principle for running a profitable business is relatively simple. You need to generate more revenue than you pay out in expenses. This can be accomplished by charging the correct amount for the goods or services your business offers. However, if you own or operate a restaurant, you know first-hand...

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There are two options when purchasing assets with a useful life of greater than one year. 1) Expense 2) Capitalize Capitalized assets are referred to as fixed assets and represent tangible property and equipment with a useful life of more than a year (except collection items and assets held for investment purposes) that meet or...

Sparked by the modern wave of entrepreneurship, more problem solving individuals are starting their own businesses than ever recorded-and with innumerable resources offered by the internet, this number is only growing! Stopping at nothing to improve the world, more people are advancing into the world with their fresh perspectives and eagerness to march with the...