Timely financial reports indicate health of business
The speed at which a business produces year-end financial statements is a good indication of the strength of the enterprise and the quality of its financial reporting.
RELATED CONTENTInnovate ND announces 2013 'boot camp' series
Innovate ND will be hosting six “boot camps” across the state of North Dakota. The series will kick-off at the UND Center for Innovation in Grand Forks on Dec. 8 from 8 a.m. to 5 p.m.
BBB announces merger
The Better Business Bureau serving Nebraska, South Dakota and southwest Iowa announce Nov. 8 it is expanding its reach by merging with The Kansas Plains BBB.
Better late than never
Most businesses extend some type of credit to customers. Naturally, extending credit in any form is based on the expectation of receiving full payment at a later date.
RELATED CONTENTTips for managing an inheritance or sudden new wealth
Many families like to play the game, “What Would You Do With a Million Dollars?” in which each member names his or her fantasy list of what they would do with a sudden windfall of a large amount of money. In reality, families sometimes find themselves with an unexpected large sum of money in the form of an inheritance passed along from the estate of a loved one, or in the case of many North Dakota residents, newfound wealth that’s the result of the oil boom in the state.
It pays to offer your employees a 401(k) plan
As a small business owner, you probably spend so much time dealing with the day-to-day responsibilities of managing your business that you may overlook retirement planning for your employees. But as your employees become increasingly more responsible for providing for their own retirement income, they rely more on 401(k) and other employer-sponsored plans to fund their retirement.
BBB to formally mark 100-year anniversary
The Better Business Bureau of Minnesota and North Dakota (BBB), the first BBB in the world, will mark their 100th anniversary on Wednesday, Oct. 17.
RELATED CONTENTWhat about EBITDA?
In financial articles, especially those concerning mergers and acquisitions, the acronym EBITDA often is used. EBITDA stands for “earnings before interest, taxes, depreciation, and amortization.”
RELATED CONTENTOp-Ed: Local retailers deserve E-fairness
Local businesses are in danger. Right now, online-only retailers—think Amazon or eBay—are able to avoid collecting state sales taxes because of an outdated Supreme Court decision made in 1992, which determined that catalog companies should not be required to collect a state’s sales tax if they do not have a physical presence in the state.
Business debt should be a temporary necessity
A business goes into debt for various reasons, just like personal debt is common for the homeowner.
RELATED CONTENTSBA webinars offer free business advice to newcomers
Simple Steps for Starting Your Business is offered through a series of one-hour webinars.
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