Focusing on your company’s core competencies can give you a significant competitive advantage over your competitors. What is a core competency? A core competency is a defining capability or advantage that distinguishes an enterprise from its competitors. Basically, a skill, process, or system that you perform better than nearly everyone else. Whether analyzing core competencies in…

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For many small business owners, selling accounts receivable may be one of the only methods to financing. The qualification criteria is much less stringent than traditional bank financing and factoring companies typically don’t care about the length of time a business has been operating. Selling accounts receivable, also known as accounts receivable financing or accounts…

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  You may be confused when you hear someone ask “are operating income and net income the same?” In most cases, they are not. If your net income and operating income are the same when you run your Profit & Loss, you may have a misclassification of some accounts. Operating Income Operating income is the…

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