Going concern value and the definition of going concern. Broadly speaking going concern is referring to a business operating at a profit, which is expected to trade for the foreseeable future.
The foreseeable future for this purpose is normally regarded as 12 months. Going concern value is key if you are selling a business as a going concern. Likewise if you are buying a business as a going concern, you will be keen to know whether the business is likely to continue trading into the foreseeable future.
The value of a business will be adversely affected if it’s not considered to be a going concern. In this case either a liquidation value or a receivership value will be placed on the business.
If you’re looking to make money online, then a side hustle is worth considering. You can start a small business on the side with very little money. Use the extra cash to supplement your job income, pay for holidays or use it to provide you with the freedom to do what you want with your life.
8 great ways to make extra money with little of no money. Become a side hustle entrepreneur…be an affiliate marketer, an app builder, build websites or begin drop-shipping.
If you’re looking for more freedom or if you’re a stay at home mom looking for ways to make money online, a side hustle is a great option.
Elevator pitch examples for business and for entrepreneurs. An elevator pitch is a key sales tool for business owners and entrepreneurs. They can be used to secure new customers or an investment.
30 second elevator pitch examples and 60 second elevator pitch examples to provide inspiration for your elevator pitch.
How to write an elevator pitch and what are the mistakes to avoid. Examples include a 30 and 60 second speech for a web developer, a pitch for a startup, a speech for accountants and one for an entrepreneur pitch to a supermarket.
This article is to help business owners and entrepreneurs understand a business’s profit and loss. The article looks at profit and loss formulas with detailed examples, together with gross and net profit calculators.
Explaining key terms, which includes ‘Accruals Basis of Accounting’ and ‘The Matching Principle’.
Profit and loss formulas explained in the article include the gross profit margin, the net profit formula and EBITDA margin. Also profit and loss problems are explained.