Get smart about money! This part of our site is all about the stuff they teach in business school. We’ll walk you through the ins and outs of cash, banks, stocks, and big money numbers. It’s not as hard as it sounds—we make it so easy that even a kid could understand.
We’ve got many articles on running a company, tracking where your money goes, and how the money world works. Our guides will give you the lowdown on accounting, which is just a fancy word for keeping track of your dollars. We’ll also dive into economics—the big picture of how money moves around town and worldwide.
Don’t worry about getting lost in the jargon.
We’ll break it down into plain English, a cinch to read. No need to be a math whiz either. You’re all set if you can count to ten and know your pluses from your minuses. We’ll avoid the head-scratching theories and stick to the essential bits.
So, this is the spot for you whether you’re keen to start your own biz, get a handle on your piggy bank, or just want to sound smart at parties. We’ve got your back with the inside scoop on all things money. Let’s get cracking!
When two or more people go into business together, they form a partnership. Partnerships are a common way to structure a business. There are different types of partners in a partnership. The two main types are active partners and silent partners. Let’s explore what each type of partner does and how they are different. Active…
An action point in business is a specific task or step you decide to take to help reach a goal. Action points are how you turn ideas and plans into real results and help keep things moving forward. Action points come from meetings and discussions. When people get together to talk about projects, they figure…
An action plan is a list of steps you need to take to reach a goal in your business. Many people use action plans to help them achieve important goals for their business to succeed. Action plans make big, complicated projects simple and easy to finish. They help teams stay on track and get things…
An actionable idea is a thought or concept you can actually implement. It’s not just a vague notion or pie-in-the-sky dream. An actionable idea has legs. It can go places. You look at an actionable idea and see real potential. Your brain starts churning with excitement because this idea could become something tangible. Ideas vs….
Acquisition cost has different meanings depending on whether you are talking about accounting or marketing. In both cases, it refers to the price of getting something, but the details differ. Acquisition Cost in Accounting In accounting, acquisition cost is the total price of purchasing an asset, such as a building, equipment, or inventory. It includes…
An acquirer is a company that buys another company. In business, acquirers play a significant role in companies’ growth and change. They help shape industries by combining different firms. This article explains what acquirers do, why they matter, and how they work in the real world. Types of Acquirers Strategic Acquirers Strategic acquirers buy other…
The acid test or quick ratio is a financial metric used in accounting to measure a company’s short-term liquidity. In other words, it tells you how well a business can pay off its immediate debts and obligations using only its most liquid assets. The acid test ratio is considered a more conservative measure than the…
An accumulation unit is an amount of money someone invests in a particular investment called an investment trust. When you invest in everyday things, like stocks, you hope the stocks will increase in value over time. And, while you’re waiting for the stocks to go up, the companies will often pay you a little bit…
Accumulated profit is the net income a business has earned over time that has not been distributed to the owners. It represents the portion of a company’s profits retained in the business rather than paid out as dividends to shareholders. Calculating Accumulated profit To calculate accumulated profit, you add the net income a company has…
An accumulated dividend is a dividend that a company owes to its shareholders but has not paid out yet. When a company earns profits, it can pay some of that to those who own shares. This payment is called a dividend. However, sometimes, the company decides to wait before giving out the dividends. The dividends…
