Ask the successful business persons and they will give you a lot of secrets to success. These include hard work, patience, focus, passion, consistency, smart planning, understanding, intelligent actions, and many other proven ingredients to success. But what is the greatest … [Read more...]
Learn How to Target the Right Market
Guns are used with bullets. That is why shooters need to aim the right targets so that they wouldn’t waste ammunition. Moreover, they should also avoid hitting the wrong boards to prevent unwanted casualties. Likewise, farmers use good seeds to yield good harvest. They should … [Read more...]
Be a Warrior of Your Business
Success can be synonymous with victory. That is why if you want to succeed in your business, you should learn how to fight and win the business competition. This competition is tougher, wider and deeper than any ordinary businessmen and entrepreneurs might think. Every … [Read more...]
How to Show Respect to Your Customers
If you want to succeed in your business, you’ve got to pay these things: money, time, attention, effort, and respect. Among them, paying respect to people, especially to customers, is the rarest thing you will ever heard from business owners. Since businesses are traditionally … [Read more...]
Sample Balance Sheet and Income Statement
The following are sample balance sheet (statement of financial position), income statement, and statement of changes in owner’s equity for an individual or sole proprietorship business. These sample financial statements are actually the ones we have discussed and prepared in our … [Read more...]
How to Make a Statement of Changes in Owner’s Equity
The statement of changes in owner’s equity is a separate component of financial statements for a sole or single proprietorship business. It presents how the capital shown in the balance sheet equity section changes over a period of time. It also shows the effects on the capital … [Read more...]
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