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Startup Tips

What exactly is your income statement telling you?

These six tips can help you glean how healthy your business is

by Doug and Polly White  | February 04, 2017 10:00:00
Startup Tips

Operating income vs. net income

Knowing the difference between the two terms can help boost your business performance

Q: In a few days, the accounting firm that we have hired will submit the financial statement of the company. How will I know if my business is actually earning? Is it enough that I have a high net income? Are there ...

by Henry Ong  | April 14, 2011 07:00:00
Startup Tips

Money Matters: Bankrupt or not?

How to know if a business is already bankrupt

Q: At what point, exactly, is the business called "bankrupt"?A: A business is bankrupt when it is not able to pay its creditors and suppliers anymore due to insufficient cash flows. The cash flow problem may be either caused by poor management ...

March 03, 2010 12:00:00