Operate and Analyze Your Business
By Rosemary Peavler, About.com Guide to Business Finance
Many small businesses fail because their owners don't pay enough attention to their financial management. This section is devoted to the financial management, analysis, and operations of the business firm. This includes forecasting future cash needs and operations as well as business valuation, employee benefits, and bankruptcy.
- Financial Ratio Analysis
- Forecasting Your Future Financial Needs
- Employee Benefits
- Business Bankruptcy
- Top Accounting Software for Your Business
Financial Ratio Analysis
Financial ratio analysis is one technique of financial analysis that a small business owner can use to analyze the operations of the firm on a trend and industry basis. It's a valuable technique for small business owners to use because the ratios are relatively easy to calculate and interpret as long as the business owner has comparative data.
- An Overview of Financial Ratio Analysis
- What is Financial Ratio Analysis and How is it Used?
- Tutorial: An Analysis of a Company's Liquidity Position Using Financial Ratios
- Tutorial on Beginning Debt Management Ratio Analysis
- Profitability Ratios
Forecasting Your Future Financial Needs
Forecasting the future financial needs of your small business is a difficult task. There are so many variables to take into account. You have to consider the broad economy as well as the specific industry your company is in. You have to use estimated data based on past data. Forecasting touches every aspect of your firm from managing your cash to long-term decisions such as buying plant and equipment. Here is some information to help you.
- Financial Forecasting for Your Small Business
- Tweak Your Business Plan in a Recession
- How to Adjust Your Sales Forecast When Economic Times Change
Employee Benefits
Small business owners have to deal with the issues of employee benefits for themselves and their employees. Examples are health insurance, which is undergoing a rather complex reform, and retirement benefits. In a very small business, a business owner has to allow sufficient time to decide on what benefits will be offered and study the options. In a larger small business, often there is an entire employee benefits department as the issues are complex and time-consuming and quite important.
- High Deductible Health Plans as an Option for Small Business Owners
- Health Savings Accounts Compliment High Deductible Health Plans
Business Bankruptcy
If you have to take bankruptcy, or think you do, here is some information to help you. Learn about the different types of bankruptcy. See how to choose an attorney. Maybe you could use a financial workout instead of bankruptcy. Read on!
- The Types of Business Bankruptcy
- Choosing a Business Bankruptcy Attorney
- Steps to help you Choose a Bankruptcy Lawyer
- Tips to Keep Your Company out of Bankruptcy
- Financial Workouts
- Interview Bankruptcy Attorneys Before You Hire
Top Accounting Software for Your Business
Here is a helpful buyer's guide that turns you on to the best accounting and bookkeeping software for your small business. You want software that does the job without such a steep learning curve.
