activities will be conducted
How to calculate working capital
Working capital – a combination of cash and liquid assets that are necessary to finance the activities of the company. Knowing the amount of working capital, you can more effectively manage the company and make investment decisions. The value of working capital characterizes the ability and speed of repayment of the current obligations of the company. If the company does not have working capital or is very modest, then most likely it will not be successful. The calculation of working capital is also useful for evaluating the efficient use of company resources. [1] Formula for calculating working capital:
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Hang current assets. Current assets are assets that can be converted into cash within one year. Such assets include cash and short-term capital. For example, accounts receivable, deferred expenses and stocks are current assets.
As a rule, current assets and their total value are indicated in the balance sheet of the company. Continue reading
How two brothers and sister set up a $ 1 billion business selling cheap toys
The Mowbray family’s path to success in toy production was thorny – it had cheap rented housing in Hong Kong, courts with competitors, and goods that no one wanted to buy. Now that their business is worth more than $ 1 billion, entrepreneurs want to explore new territories
Nick Mowbray works in a 12-room mansion in the New Zealand town of Coatesville. Previously, there lived a cybercriminal Kim Dotkom – here he was detained in 2012. The 34-year-old Mowbray has a calmer life. In his estate, occupying half a hectare, he holds a vineyard, giving a harvest of 2000 wine per year. A man can afford such a life thanks to his fast-growing business. He manages the toy company Zuru with his older brother and sister, Matt and Anna. Walking through his library, the entrepreneur explains: “My philosophy is that the efforts made should always be proportionate to the goal.” Continue reading
Free advertising on the Internet, where to advertise for free
Advertising in our time is not only the engine of commerce, as Louis Metzel, who once opened the country’s first advertising agency, once said to an almost unknown Russian businessman of the 19th century. Today, advertising literally dictates how to live, what things to use, with whom to be friends, etc. A lot of money is “spinning” in the advertising business, any business without advertising is doomed to failure. The costs of advertising campaigns sometimes make up to two-thirds of the total budget of the company. Does all this mean that free advertising does not happen now, and for a novice entrepreneur, constrained in money, nothing “shines” without paid PR? It turns out, no. There are several ways of competent advertising, for which you can not spend a dime, for example, free advertising on the Internet. Continue reading
