The term ‘working capital’ gets thrown around a lot, but what does it actually mean? Working capital measures a business’s ability to pay off its current liabilities with its current assets. It plays a large role in a company’s success and affects several aspects of a business, including funding inventory and planning for long-term growth.
You should probably have a good handle on your company’s cash flow, but do you ever wonder how your company compares with other small businesses? Intuit QuickBooks recently released a global study, the State of Small Business Cash Flow, which reveals the cash flow challenges experienced by small business owners and self-employed workers around the world. The study
Healthcare is the largest expense most retirees face. Medicare doesn’t cover everything, including most long-term care needs, so many Americans are forced to drain their own savings, lean on family and friends, or use private insurance to afford daily assistance if they need it. As of 2016, a semi-private room in a nursing home costs,
Slowly but surely, the impact of the COVID-19 pandemic response on American small businesses is weakening. According to the latest results of the U.S. Census Bureau Small Business Pulse Survey, fewer businesses than ever are reporting that the pandemic creates a very negative effect on their company. Just 31.8% of small business owners surveyed by
Back in pre-pandemic times, when kids freely went into their classrooms and parents were invited to come and watch them in action at certain points (show-and-tell days, concerts, volunteer-to-oversee-snack-time), I was forever struck by seeing how much of my son’s time at school was spent just…playing. Whether with blocks, horsing around on the playground, or
Americans say they’re saving money. Retail spending is up. Low interest rates have sparked the housing market and the stock market has rebounded from its initial pandemic dive. But how does any of this make sense when so many people are struggling financially months into the Covid-19 crisis and the recession that came with it?