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Business finance: The ultimate guide for non-finance people

BMT Office Administration

Either way, you’ll need to master the basics of business finance if you want to find success. Even employees not working directly in finance generally need a basic understanding of it to succeed. Nothing exists in a bubble, and business finance is no different. Why is that?

Finance 264
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Can employee ownership improve capitalism?

Work Life

Capitalism has the capacity to produce more than enough of life’s necessities—such as food, water, and shelter. One set of systems stacked against employee share ownership has been the small and closely held business support systems—banks, accountants, lawyers, and advisors that serve closely held businesses.

Finance 98
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5 Financial Basics Everyone Should Know

Success

Managing your finances can feel overwhelming, especially if you’re trying to keep up with the latest budgeting software, personal finance app or investment hack and not just the financial basics. Instead of worrying about or avoiding your finances, focus on the basics. But that lead to problems in the future.

Finance 114
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Survey finds that Gen Z is actually the most likely to create a budget

Work Life

British bank NatWest’s recently released Savings Index includes some revealing statistics about Gen Z financial habits. Essential spending on items like vehicle insurance, rent, and food has gone up at rates significantly higher than that of wages. However, a new study is putting that notion to rest.

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Start Talking to Your Kids About Investing—Here’s Where to Start

Success

Additionally, “54% of teenagers… reported feeling unprepared to finance the life they hope to have in adulthood.”. Start by helping them understand what a paycheck is and how you allocate your money for food, housing, savings and taxes. Discuss some big purchases you want to make as a family and how you’re budgeting for them.

Finance 98
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3 Steps to Take Before Going Into Business for Yourself

Success

However, building up finances for self-employed individuals can be difficult, as it can take a while to get your business up and running. Ideally, you should have at least two years’ worth of non-discretionary expenses in the bank. These include unavoidable costs such as housing, food, transportation and insurance.

Insurance 128
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Back to the Roots Is Making Organic Gardening More Accessible for Everyone

Success

For the team at organic food and gardening company Back to the Roots, gardening is the ultimate unifier; it connects people and communities back to the land and back to themselves. With Arora going into consulting and Vélez primed for a career in investment banking, the two had never crossed paths. They did just that.

Food 92