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
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
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
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