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Handling Your Most Important Asset
When the economy is slow, it's natural to think of all line items that cost your company money as liabilities. Unfortunately, that negates the value of one very large item in your budget which just may be your biggest asset: your employees. The question, therefore, is how best to manage that precious asset during uncertain and stressful times.

Understanding the Balance Sheet
This article will give you a basic idea about the balance sheet. What is balance sheet, what are the components that make up a balance sheet? How do accountants classify it and what are the transactions that have an effect on it? You will learn the basic balance sheet equation which is true for a small business and multinational corporation.
Robert Kiyosaki Quotes
Robert Kiyosaki Quotes
Financial Report 101 for Business Owners: Your Balance Sheet
As a financial report, the balance sheet is among the most important things that can help investors decide to invest in your business. For this reason, it is important that you have a strong statement.

Wealth Creating System Step 7 - Grow Rich While You Sleep
Welcome back to the 7th step in my Wealth Creating System - Grow Rich While You Sleep (please read the previous 6 steps first). Once you master the art of creating and adding value, you simply need to learn to exchange that value appropriately.

The Cost of Doing Nothing
Nobody can make proactive investments in your life for you: it's entirely up to you. As I've mentioned often before: at midlife, the training wheels come off. The expectations and constraints that ushered you through childhood, adolescence and adulthood have served (or outlasted) their usefulness.
EMPLOYMENT PRACTICES AUDITS: A LOSS CONTROL TOOL
This article provides a discussion of the importance and use of employment pracitices audits as a tool in assessing and managing an organization's exposure from employment practices related claims and lawsuits.

Business Tax Tips - By Business Money Today
Many business owners focus on generating revenue growth but find themselves in trouble with the IRS. Here are some simple tips to help avoid future tax trouble.
The American Dream Downsized, or Upscaled. Your choice.
Today’s news is filled with doom about the economy and dire predictions about a permanent downsizing of the American Dream. It’s as if our futures have become foretold. To me, this is precisely the time to talk about building wealth. The mind numbing tidal wave of financial collapse does not have to engulf you. To avoid it, however, you have to have an evacuation plan that leads to higher financial ground, and you have to choose when to put that plan into action. When it comes to wealth building, it always starts with a choice.
7 Secrets of the Wealthy
Veteran Financial Planner shares his experiences financial planning for both the wealthy and the less wealthy. These are the keys to wealth building!

Is Your Home an Asset?
Veteran Financial Planner discusses your home as an investment and asset.

Working at Home vs Getting an Office
This article will help you determine if the timing is right for you to secure an office for your business or to continue to work from home.
Leveraging Generational Diversity
The different generations at a glance and how to utilize the strengths of each
Unemployed? Plan Your Career Now
Our economy is a mess, and we are in uncharted territory. Most everyone is feeling the pinch, especially if they now find themselves unemployed or wonder if they are the next one to lose their job. Unfortunately, most people put more planning into their next vacation than they do their career or more realistically their “careers.”
Reserves and Provisions
Every prudently and systematically managed business concern makes some provision out of current profits for meeting an anticipated liability, redeeming a liability, replacing an asset or for some other important business purpose.
Beware Time Liabilities
Are you surrounded by Time Liabilities? I define a Time Liability as: a) anything that consumes time unnecessarily or b) anything that causes you to spend time in activities that are less profitable than your most profitable activity. If your filing system causes you to spend extra time doing $9 per hour clerical work, trying to find that important document you misplaced, then you have a Time Liability. If your workspace is so uncomfortable that you have to spend time at a chiropractor every month to correct your spine alignment problems, you definitely have a Time Liability!
Understanding the Bottom Line
What’s there to understand? The bottom line is the last line on the Profit & Loss (P&L) statement and it is either a profit or a loss. That’s all you need to know, isn’t it? Yes, it is important to know whether you are making a profit or losing money, but understanding how financial statements work is knowing the nature of each account and how it fits into the scheme of things. This article provides a broader understanding of the bottom line.

Understanding Double Entry Accounting
Sir Isaac Newton's third Law of Motion, the law of reciprocal actions, states that for every action there is an equal and opposite reaction. The same can be said for accounting. For every financial transaction, there are two sides. There is a debit side and a credit side. For every transaction, these sides must be equal for your books to balance.
Writing a Partnership Agreement for Joint Ventures
Getting involved in a partnership can be a great thing for your business and joint ventures often turn out to be wonderful. However, to make sure that you are protected, it is important to write a partnership agreement when you enter into a joint venture.
Diagnosing a Troubled Company – Part II ©
This article is Part II of a series of articles. It suggests a number of criteria to consider in reviewing a company's financial statements. It also addresses why it is important to properly handle a customer's complaint.
Family Business
Don’t do it! At least that’s what some experts say. I’m not going to tell you what to do, but here are some issues you want to consider before going into business with family.
Expansion Models
When you begin to think about expanding your business, several expansion models can be considered. Here is a brief summary of the most often-used expansion models.
10 Tips For Investing In A Franchise
Keep these 10 Tips in mind, when starting your search for that perfect franchise...

Checklist of Provisions for an LLC Operating Agreement
This outline presents 20 areas of LLC ownership, operation and management that should be addressed in the operating agreement.
An insolvent business is a bomb waiting to explode- how solvent is yours?
Every business, be it a huge corporation or a small home-based business, will encounter some cash flow problems at one point or another. It becomes a serious issue when your business seems to be in financial difficulties on a continuous basis. If this rings true to your business, then you may need to take a long, hard look at how solvent your business really is. Insolvency is when a company is unable to pay its debts when they become due. In other words, the business is spending more than it is earning.

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.
Should Franchises be Incorporated?
Purchasing a franchise can be one of the most exhilarating ventures a small business owner can experience. There are an infinite number of issues that franchisees must consider - what kind of franchise to purchase, where to locate, where to find financing, how to build the space, to name just a few. One of the last questions that a franchisee often thinks of is - what legal form should a franchise operate as? This article will review the considerations regarding the selection of business legal form with the franchise in mind and whether franchisors should consider requiring all franchisees to incorporate.

When Net Worth Is Important to a Franchisor and How To Overcome It
A prospective franchisee’s application will depend considerably on his net worth. While it is a must, real good franchisor make an exception for the candidates who have other skills such as experience in the field of management or clean credit history. Franchisors that put net worth as the first criteria of selection often end up taking in bad candidates.
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.
Kinnevik Invests $14m in African Microfinance Institution Bayport Financial Services
Investment AB Kinnevik, a Stockholm-based international investment firm, announced that it has invested USD 14 million in the African microfinance institution (MFI) Bayport Financial Services. The financing is provided as a combination of debt and equity.

Other 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.

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.
Handling Your Most Important Asset
When the economy is slow, it's natural to think of all line items that cost your company money as liabilities. Unfortunately, that negates the value of one very large item in your budget which just may be your biggest asset: your employees. The question, therefore, is how best to manage that precious asset during uncertain and stressful times.

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.
Sole Trader Business Finance - The facts you need to know
As a Sole Trader there are different legal responsibilities when it comes to your financial liabilities, there are several facts you need to know when you consider setting up your business as either a limited entity or a sole trader, this article explains.
Frequently Asked Questions about Negotiating IRS Payment Plans To Settle Back Taxes
One way to settle back taxes and delinquent tax returns is to negotiate an Installment Agreement with the government that that allows you to pay liabilities over time. With so many Americans in financial distress, the IRS has pledged greater flexibility to help struggling taxpayers. Here are some answers to common questions that may help you determine if you may be eligible for these tax breaks and if a payment plan is the right option for you.
Public Sector Pensions: Why “Fixing the Problem” IS the Problem
Dramatic increases in public sector pension liabilities at a time when state and local governments have seen their revenues shrink drastically have resulted in an explosive backlash against public sector unions and the workers they represent.
Clashing at Work – Who Are the Generations?
Learning how to work, live and play together is crucial, and every manager must master ways to bridge generational gaps. Managerial survival calls for a coordinated, collaborative strategy to leverage each generation’s strengths and neutralize its liabilities.
Generational Clash Points - Issues You Can’t Ignore
Learning how to work, live and play together is crucial, and every manager must master ways to bridge generational gaps. Managerial competence requires a coordinated, collaborative strategy to leverage each generation’s strengths and neutralize its liabilities.

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.
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