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Lesson #5: Have Fun
“I’m still maybe Peter Pan – doesn’t want to grow up,” says Branson.

Poor Man, Rich Man: How Kiyosaki Fought His Way To First
“I still consider myself a little, fat kid from Hawaii,” says Kiyosaki. He may still be from Hawaii, but Kiyosaki’s impact on the world of personal finance has been anything but little. Today, as one of the leading authors and motivational speakers in America on strategies of achieving personal financial freedom, Kiyosaki has achieved a cult-like in the millions. How did this little, fat kid from Hawaii become a big, strong player in the extremely competitive industry?

Financial and Cost Statements in Cost Accounting
An indispensable part of any system of accounting is programmed of periodical statements and reports to inform management of the current financial position of the business and of the progress made by, and the costs incurred for, each process, department and division.
Sales Victim or Sales Victor?
What would you do if the federal government left you with just one office after taking over 99% of your business? How long would you survive in face of this significant challenge? What does this piece of history have to do with your ability to increase sales?

Single Entry Bookkeeping Accounting System
Under the double entry system of book-keeping, both aspects of every transaction are recorded, i.e. one on the debit side and the other on the credit side. Under the single entry system of bookkeeping, both aspects of every transaction are not recorded in the books of accounts. Under this system, the personal accounts of the debtors and creditors are maintained.
Questions to Ask Before Buying a Franchise
Understanding yourself and your motivations might be the best place to start when buying a franchise
Things To Consider When Starting A Franchise
There are a number of questions an entrepreneur should ask himself before buying a franchise. As with any new business venture, you should carefully weigh all your options before starting a franchise. This article will cover some of the many issues that should concern a potential franchisee.
Top 5 Warning Signs that Your Business Is Declining
The hardest thing to admit for a business owner is the fact that his/her business is slowly dying. After all, what business owner would want to admit that his/her once future hope of building an empire is forever to remain in the realm of wishful thinking? Thus, the owner of a failing business continues to hold on and on until his/her knuckles turn white and his/her face becomes so blue from holding his/her breath.
Common Pitfalls in Buying a Business – Structure of the Deal ©
This is the third article in a series of articles that focus on the mistakes commonly made by purchasers. It will summarize the advantages and disadvantages of buying specific assets versus buying the seller's stock.

Other assets and liabilities Related Articles

SELLING A BUSINESS: Legal Pitfalls
Consider how to structure the sale as early as possible, and take advice from your legal and tax advisers. If your business is run through a limited company, you will need to decide whether to sell the shares of the company or just the assets. A share sale tends to be more complicated since you are selling not only the assets, but the liabilities of the company too.

Increase Your Net Worth - Invest in Yourself
Your net worth is not simply your assets minus your liabilities. Your true net worth includes your future earnings potential too. To increase your true net worth, invest in your future. Invest in yourself. Here are five investments you can make to increase your future value.
How to Deal with Difficult Business Partners
All successful companies have one thing in common. On average, they carry more assets than they do liabilities. These companies are also quick to take note when something that was once an asset now has become a liability. They either try to make this new liability an asset again or they swiftly remove it from the company. This process may sound easy enough unless the liability you are thinking of is your relationship with your business partner.
Impress your bank manager! How to read your balance sheet
If you want to do well as a small business owner, it would help you if you could understand the basics of how to read a balance sheet. The balance sheet is an indispensable part of a business accounting information and is essentially a snapshot of a company at a specific point in time. The balance sheet lets you know what a company owns (“assets”) and what it owes (“liabilities”). It will also tell you how much the business is worth.
BuyingPart Funding an Online Business Some Tips on What to Look Out For
There a few fundamental things to figure out when purchasing an e-commerce concern, away from the standard mechanisms of buying any business such as the Profit & Loss sheet, Balance Sheet, Liquid Assets, Capital Assets, Outstanding Liabilities, Goodwill, Legal Threats. While not an exhaustive list, the following points seem to crop up time and again when people are enquiring about purchasing web related businesses.
Secret Reserves
It has been defined as "any reserve which is not apparent on the face of the balance sheet". It is sometimes called "hidden reserve", or 'internal reserve' or 'inner reserve.' This reserve represents the surplus of assets over liabilities and capital. It does not appear in the ledger. The creation of secret reserves strengthens the financial position of the concern. Its financial position would be better than what it would appear on the face of the balance sheet. Secret reserve is created usually by joint stock companies especially banking, insurance and financial concerns.

The Next Crisis In The Perfect Storm – Unfunded Retirement Accounts
According to the Pew Center on the States, “state government employee pension plans nationwide alone, have racked up nearly $360 billion in unfunded pension liabilities.” Research indicates there is also in excess of $380 billion in unfunded liabilities for other retirement benefits, including health care.
Is Getting a start up business loan Really Hard for Small Business Owners?
The difficulty to get start up business loans depends on your assets and liabilities. Since new business men are often doubted that they can make it on the first try, banks and other financial institutions are hesitant to lend them start up business loans. Of course, they had already learned their lessons with the Wall Street collapse in the year 2008. Checking your financial status and surveying the assets at hand will determine whether you would get the required start up business loans or not. Banking and non-banking institutions, sad to say, are more interested on what they can get from you than the start up business loans that they can give you.
The Basics of Effective Working Capital Management
Working capital management can be defined as the process of managing short term or current assets and short-term or current liabilities. Short-terms assets are composed of loans and advances, inventories, investments, debtors and cash and bank balances. On the other hand, short-term liabilities have the following components: trade advances, creditors, provisions and borrowings. It is advisable for you to effectively manage your working capital, so as to ensure that you minimize risks and continue to be profitable.
Working Capital Management: How to keep your Cash Flow Strong
Strategic working capital management is integral to a company's survival and it is a concept that many companies fail to grasp correctly. There is a long-standing distinction between assets (whatever puts money into your pocket) and liabilities (whatever removes money from your pocket). The conventional thinking about them is that both of them are predominantly long-term, so they are often projected in long-term periods of three or five years.
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