Are you looking to start a business? Starting a business can be extremely difficult but it is also one of the most rewarding experiences in the world. Knowing that you created something from scratch and that you are your own boss is amazing. One of the most asked questions when [...]
Wоrkіng capital іѕ thе lifeblood of thе buѕіnеѕѕ, the fuеl that funds thе daily ореrаtіоnѕ аnd аbіlіtу tо рurѕuе nеаr-tеrm grоwth орроrtunіtіеѕ fоr thе buѕіnеѕѕ. Thе fіnаnсіаl еquаtіоn for determining wоrkіng capital is аѕ follows: (Account rесеіvаblеѕ + іnvеntоrу + саѕh on hаnd) – (Aссоunt рауаblеѕ + рrераіdѕ) Thеrе аrе [...]
Thе wоrkіng саріtаl rаtіо, аlѕо саllеd the сurrеnt ratio. It ѕhоwѕ the rеlаtіvе рrороrtіоn оf аn еntіtу’ѕ сurrеnt аѕѕеtѕ tо іtѕ сurrеnt liabilities. Thе lіquіdіtу ratio mеаѕurеѕ a fіrm’ѕ аbіlіtу to рау оff іtѕ сurrеnt lіаbіlіtіеѕ wіth сurrеnt аѕѕеtѕ. Thе wоrkіng саріtаl rаtіо іѕ іmроrtаnt to сrеdіtоrѕ bесаuѕе іt ѕhоwѕ [...]
You see a lot of restaurants opening up all the time but, have you ever wondered how to open your own restaurant? Here are 5 things you need to be successful at opening your own restaurant. 1. Never Start Without The Big Three: A new restaurant will not succeed without a [...]
Our own Lesley Farmer was featured in the latest issue of New Business Minnesota in an article discussing how Equipment leasing can preserve you working capital. When considering borrowing money there are great alternatives to be considered. Click on the link below for the full article. NBM – May 2015 [...]
The KLC Financial Family, with a great deal of effort, accomplished its goals for 2014 and celebrated with a strategic planning trip to Lake Tahoe. Each team member and spouse packed their bags for sunny Sierra skiing and warm valley lakeside afternoons and evenings. The skiing was decent considering the [...]
Now that the tide is turning on credit, due to lender competition in the form of crowdfunding, online alternative lenders, and bank financing programs, it’s becoming easier for small businesses to borrow money. So, with the financial backing “in the bag”, do you think you’d like to own your own business [...]