Long-term assets, also known as non-current assets, are used to produce goods or to supply services, rentals, or administrative purposes. They can be tangible or intangible and are expected to benefit the company for over one year. The most common long-term assets for SMEs are: Property, Plant, and Equipment (In
Fast internet connections, remote roles, and a plethora of professional tools have aided in the transition of more people working on a freelance basis or launching their startup. When you’re working on a client project, it’s easy to forget about keeping your own and your client’s data safe. It’s almost
Many pet parents chose to participate in a pet insurance plan to prepare for unforeseen veterinary emergencies. Just like humans, animals can develop health issues over their lives or encounter an accident. Because a lot of the equipment and medicines used for animal healthcare are the same as the ones
For a very long time, I have been postponing the creation of a blog because I didn’t know how to get started. In this article, I will explain how you can start a blog based on my personal experience. It is important that you can define the purpose of your
Wise (Previously known as Transferwise) is a lightning-quick service that allows you to save enormously on currency conversion fees. The cost of transferring money abroad is much lower relative to traditional banks and foreign-exchange money brokers because they apply a (1) low transfer fee, and (2) the real mid-market exchange rate. The
While every company needs to know the answer to this question, the answer is even more vital for start-ups that do not have much margin for error. This is because the revenues will exactly equal the expenses at the breakeven point. In other words, the company does not incur a
Geographic arbitrage (in short: geoarbitrage) is a powerful concept because you can take advantage of price differences between two locations. It might result in a gigantic increase in your cash flows. You can redeploy these streams of income to repay debt faster, or to invest in assets that yield you even
The Berkus method provides entrepreneurs and early-stage investors with a simple framework to value a pre-revenue startup by focusing on risk factors instead of financial projections. This method is useful for founders and early-stage investors (angels, early-stage venture capital, and crowdfunding backers). However, the model’s simplicity does not replace the
You are a startup or a freelancer in need of essential investments in software tools or other digital assets. With the aid of software tools, you would be able to boost sales, outclass your competition, enhance the efficiency of your operations, and/or reduce your expenses. But the high, recurring subscription