Your Mission, Should You Choose to Accept It…

Much is made about the need for a concise business plan for the start-up entrepreneur. What was so important to your business at its start-up stages, however, is often ignored or forgotten once your business is established. Large corporations update their business plans on a regular basis because it helps them to stay on track […]

A Plan of Attack

Planning your business is just as important as running it, and this is where the all-important Business Plan comes in. Generally speaking, your business plan is a formal document that you write in order to outline your entire business’s operations. On a more personal level, your business plan is what will allow you to conceptualize […]

The Business of Financial Independence: Seven Methods to Attain Freedom from Financial Worries

Many people are accustomed to living paycheck to paycheck. Once the bills are paid there’s nothing left to save, even though what was left over was unwisely spent. It is estimated that most families are a mere two months away from bankruptcy. Many people simply don’t know how to use money to insure and increase […]

Marginal Costing: Variable Cost Accounting

Variable costs are defined as costs that vary with production, that is, they are expected to increase when production increases and to decrease when production decreases. Marginal costs are usually classified as direct materials, direct labour, and other variable costs of production. As a consequence of this, marginal costs should be viewed as avoidable costs […]