Bookkeeping and Accounting: What’s the Difference?

When it comes to business finances, bookkeeping and accounting are at the forefront. Depending upon business size, financial roles are either combined or separated. Bookkeeping is a small but crucial function of the accounting cycle. On the flip side, accounting involves analysis, […]

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Cost of Goods Sold Fundamentals

Cost of Goods Sold (COGS) is a business number that’s overlooked and underestimated most of the time. Knowing all your business numbers is a good thing, but COGS should be in the top 5. Closely watching this number says a lot about […]

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Side Business Ideas for Teachers

Make an extra $500 per month Side business ideas from the classroom Are you a teacher looking to earn supplemental income? It’s time to turn your classroom into a business. Think of your skills and talents as opportunities to start a side […]

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Startup Capital: New Ways to Get Money for Your Business

Startup capital is important Going into business without startup capital is like a contractor building a house without a foundation. It’s a setup for failure. You can’t expect paying customers if you’re not willing to invest in your own endeavor. Starting a […]

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Can a Craft Business Be Profitable?

If you treat a business as a hobby, you will make hobby income. If you treat a business as a business, you will position it to be profitable. What differentiates a hobby from a business is that a hobby has little to […]

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