Financial statements are formal records that present a company’s financial performance and position over a specific period. These statements are typically prepared by the company’s accounting department and are intended to provide information about the company’s financial health to various stakeholders, including investors, creditors, and regulators. Financial statement is a critical tool that provide business owners, investors, and other stakeholders…
Those looking to start investing in real estate but without millions of dollars to start should consider an investment vehicle known as a non-traded real estate investment trust (REIT). Pronounced “reet,” this special corporate structure can own, and operate, or develop income-generating real estate. Non-traded REIT Defined According to investment experts, a non-traded real estate investment trust enjoys tax benefits that save…
What are workplace severance plans? Workplace severance plans are formal arrangements between employers and employees in the event of termination of employment. These plans provide financial assistance to employees, often as a lump sum payment, in order to help them transition to their next job. Severance plans ensure employers treat employees fairly, and may include additional benefits such as job…
Almost every industry has to face the adverse effect of the Covid-19 pandemic. As most of the countries initiated a lockdown period in order to stop the virus spread, the hospitality industry has to suffer the most. Restaurants, hotels and nightclubs stayed closed for a long time to avoid gatherings. However, as everyone is recovering from the pandemic period, all…
A small business can be created for a number of reasons. Some people that have retired simply want to involve themselves in something where they can earn a bit of money. Others want to grow their business into a staple of the local community or their industry. Regardless of the goal, there are certain aspects of opening a business that…
An efficient logistics system is defined by how smoothly an enterprise conducts its operations. From goods transport to fleet management, warehousing to inventory control, handling of materials to fulfillment of orders, everything falls under logistics management. As a key component to running smooth operations, its performance affects both internal processes and relations with customers. Some experts believe that investing in…
Seasoned golf fans may remember the story of the 1999 Open at Carnoustie. A French player, mostly unknown to all of the United States, played 71 magnificent holes of golf and approached the final tee with what was thought to be an otherwise unbeatable lead. That man was Jean Van de Velds, and anyone familiar with this story would…
Responding to the challenges that the pandemic has brought on to organizations worldwide has been nothing short of a struggle. Regardless if your organization is largely B2B or B2C centric, the landscape in which organizations communicate with their customers has become extremely important. Customer communication management (CCM) for many businesses has changed over the past year, primarily focusing on…
Everyone wants to use business technologies to make their business better to some degree. Good technology can be the difference between an efficient company and an inefficient one. It can save you time, money, and effort if used correctly. With countless business apps/software now available, it can be quite…