Management of Working Capital Case Study: "George's Trains"
This clip explores the management of working capital at "George's Trains," a small business whose market demand runs in cycles.
Laws and Regulations
This clip explains that, in recent years, laws and regulations have played an increasing role in the business world. In addition to licenses and permits, the clip notes, there are many other government laws and regulations that apply to specific typ...
Proprietorships
This clip explores the advantages and disadvantages of setting up a business as a sole proprietorship. While this approach does afford the maximum flexibility, it also generally exposes the owner to more risk than other forms of legal organization.
Cash Flow and Financial Ratios
An introduction to the ways in which the health of a business is determined. The shortcomings of balance sheets and income statements are used to demonstrate why additional financial calculations are valuable.
Sales and Property Taxes
The concept of taxation; why taxes are paid, various kinds of taxes and what we get in return for our tax dollars.
Corporations
This clip examines the corporation as a form of legal organization. The major advantage of the corporation is that it insulates the business owner from liability. It also offers tax flexibility, and allows employees to participate in various types o...
Managing Cash Flow
This clip talks about the importance of managing cash flow, noting that the cash requirements of any company are constantly changing and that sales mean nothing without the ability to collect cash.
Marketing, Taxes, Employees and Ethics
This clip notes that one of the greatest challenges in operating a small business is maintaining one's ethical moorings while, at the same time, performing essential business functions, such as promoting, advertising, paying taxes and dealing with e...