Understanding Depreciation Methods For Business Assets
April 26, 2024
What is Depreciation? Depreciation is a fundamental concept in business accounting, essential for accurately assessing the value of assets over time. When a company invests in assets such as machinery, equipment, vehicles, or buildings, it expects to derive value from them over a period of years, rather than all at once. Depreciation enables businesses to…
In Debt With Advantage Capital? Here Is What You Should Do
December 4, 2023
Advantage Capital claims to offer non-traditional financing options to small businesses looking to grow, particularly in underserved communities. According to the company website, advantagecap.com, Advantage Capital was founded in 1992. The company has two physical locations, one at 7733 Forsyth Blvd. Suite 1400, St. Louis, MO 63105 and the other at 909 Poydras Street, Suite…
10 Things To Do To Save A Failing Business
November 17, 2023
When a business hits a rough patch and struggles to stay afloat, turning things around becomes a top priority. Saving a failing business is like breathing new life into it, finding smart solutions to problems, and giving it a fresh start. It’s a bit like fixing a leaky boat—patching up the holes, bailing out water,…
Top Causes Of Business Debt
November 14, 2023
Business debt can arise from various factors, impacting companies of all sizes and industries. Understanding the simple yet critical causes behind business debt is essential for entrepreneurs and business owners. Whether it’s investing in expansion, covering operational expenses, or facing economic uncertainties, the reasons behind accumulating business debt are diverse. This brief exploration aims to…
7 Ways To Get Out Of Business Debt
November 8, 2023
Business debt refers to the financial obligations that a company owes to external parties, typically in the form of loans, credit lines, or bonds. It is a common practice for businesses to use debt as a means to finance their operations, invest in growth opportunities, or manage cash flow fluctuations. However, managing business debt effectively…