Special order manufacturers and construction companies often assign direct and indirect expenses using job-order costing. A main reason is that assigning expenses on a per-job basis makes ...

There are about 6700 retail bakeries in the United States, that have a combined revenue of about $3,000,000,000. That puts the average revenue per bakery at about $450,000. The 50 largest players ...

The closing of a business affects owners, employees, customers and the public. Owners must unload inventory, equipment and other property, while employees hunt for new jobs and their communities ...

Writing a business strategy is an essential aspect of starting and running a business. Without a clear strategy, it is difficult to set meaningful goals and objectives. In determining your ...

Marketing can seem like a science, but it also requires creativity and instinct. When you create a marketing plan, you can benefit from looking at your marketing resources, goals and methods from ...

When you run a business it's easy to think of your accounting staff as glorified mechanics, people with specialized skills needed to keep your company's financial machinery running properly.

Being in business for several decades is an accomplishment that calls for a celebration. Small businesses that are open for four decades have demonstrated a sustained record of success. Having a ...

A profitability trend is the evolution of profit within a business. An upward trend means that profit has generally increased over time in the short or long run. A downward profitability trend ...

A fundamental question an entrepreneur must answer when starting a small business is what kind of ownership structure the business will have. There are three basic forms of business ownership ...

Business professionals believe that powerful messages and marketing campaigns can sway decisions. Yet effective communicators understand the real persuasion happens through a complex combination ...

Your business must make a profit or go extinct. This makes effective control essential to ensuring that the firm still has money left over after all the bills are paid. Cost of goods sold, also ...

A successful food product can translate into significant earnings, but competition to be the Next big Thing at the grocery store is high. Before selling a new food product commercially, take into ...