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Business finance: The ultimate guide for non-finance people

BMT Office Administration

Either way, you’ll need to master the basics of business finance if you want to find success. Even employees not working directly in finance generally need a basic understanding of it to succeed. Nothing exists in a bubble, and business finance is no different. Why is that?

Finance 105
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How to Make Sustainable Practices Make Sense for Your Business

Success

According to a Harvard Business School article , research shows that companies with high ESG (environmental, social and governance) ratings “have a lower cost of debt and equity, and that sustainability initiatives can help improve financial performance while fostering public support.”

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Tips and Resources to Scale Your Small Business

Success

“Every business has different startup costs, but they all have one thing in common: having a financial cushion,” says Bob Marshall, the business growth and strategy executive for the Small Business Development Group at Wells Fargo Bank. You need to know what your costs will be and whether your business is scalable.”

Finance 262
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Third of businesses say they are more likely to hire contractors this year

Workplace Insight

Lucy Bisset, Director of Robert Walters UK comments: “In the wake of tighter budgets, headcounts being streamlined and other cost-cutting incentives – we’re seeing employers increasingly turning to skills-based temporary hiring.” Whilst just over two-fifths (41 percent) cited issues with sourcing skilled contractors as the main challenge.

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Use Due Diligence to Make Investing Easier

Success

Although due diligence is a legal term that applies to selling stocks and other fiduciary investments, there is value in having a system that helps you make decisions in your life, whether for your finances or your personal relationships. Beware of analysis paralysis.

Legal 289
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3 Common Money Myths Debunked

Success

From misinformation to oversimplified generalizations about money that get passed down from generation to generation, most of us have adopted false beliefs about our finances. Technological innovations have removed barriers to entry in investing, such as limited access, large minimum deposit requirements and high trading costs.

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How to Know If You’re Financially Ready to Start a Business

Success

Market analysis: What are the current trends in your industry? After all, without cash flow and a solid financial plan that includes costs and expenses, you won’t be able to get your business off the ground. Do I have a good handle on my personal finances? What costs will be associated with my business? and ongoing (e.g.,

Expenses 342