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Double-entry accounting is one of the many subjects you probably didn't know much about when you decided to start a small business. Still, if you want to be a successful entrepreneur, you must educate yourself...

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As a small business owner, it’s easy to get caught up in urgent, day-to-day tasks, which causes you to overlook certain things. And for many business owners, life insurance is one of the easiest things...

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If you want to start your own business, opening a pharmacy can be a profitable endeavor. Compared to other industries, independent pharmacies have a healthy profit margin — 22 percent on average in 2019.

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If your small business is in the process of taking out a loan, congratulations! You will now have the additional working capital to grow your business. When taking out a small business loan, it is...

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It's easy to see invoice reconciliation as just another task on your to-do list. In reality, though, reconciling invoices is a critical accounting process that can save you thousands of dollars. Reconciling invoices helps you...

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Nearly every industry requires equipment to properly function. Examples of industries that require significant equipment include, but aren't limited to: Restaurants Construction firms Office-based businesses Medical firms Manufacturing companies Although equipment is necessary, it doesn't...

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If you have bad credit, getting approved for a term loan—or even a credit card—can be immensely frustrating. That’s partially why small business grants are a popular alternative to debt financing.

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Fortunately, it's often possible to prevent or correct the worst kinds of revenue leakage. You just have to be willing to identify and face the problem. So, what is revenue leakage and how do you...

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If you own a home with some equity and wish to start a small business, a home equity loan can help. However, before you pursue this type of loan, you should weigh the pros and...

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