What are the Branches of Accounting? How They Work?

Early Growth Financial Services28 Dec, 2022Finance

Accounting is carried out to provide reliable, accurate and timely financial information to the various stakeholders of a company. It allows them to analyze the results of business operations, determine a company's financial position, its solvency and make rational decisions. There are several different branches of accounting, all of which came into existence keeping in view the various types of accounting information needed by different stakeholders, including business owners (management), creditors, suppliers, government agencies, taxation authorities and so on. To begin with, there are three main branches of accounting: financial accounting, management accounting and cost accounting.

Which founder is better for startups: The generalist or the specialist?

Early Growth Financial Services20 Dec, 2022Finance

n a world of hyperspecialization, true generalists have become rare. Professionals today increasingly specialize in narrow fields of expertise that suit specific purposes. Silicon Valley illustrates the effects of this hyperspecialization trend. Founders highly specialized in certain technologies or markets are regarded as central to the area?s famous tech startup scene. But in addition to skills, entrepreneurs need the ability to pivot quickly in response to unplanned changes. The importance of strategic agility in turn has prompted many founders to spurn the conventional top-down management style, in favor of a flat structure that promotes team communication. This flat, networked nature of highly successful startups has come to be closely associated with hyperspecialization. However, a growing volume of research shows that when it comes to innovation, generalists ? not hyperspecialists ? prevail.

Top 5 tax-saving tips for small businesses before year�s end

Early Growth Financial Services15 Dec, 2022Finance

With the 2023 tax season just around the corner, the deadline for some tax-saving strategies is set to pass upon year?s end. To help reduce your total taxes owed, get serious about tax planning, now and into the future. Tapping into certain deductions and credits, as well as taking certain proscribed actions before year?s end, are your best chance of trimming your business?s tax liabilities.

13 Effective Traditional Marketing Strategies

Early Growth Financial Services08 Apr, 2022Business

Everybody talks about online advertising?but traditional marketing still makes it into most company budgets. So, if companies are still investing in traditional marketing, what are they investing in, and why? The following answers are provided by the Young Entrepreneur Council (YEC), an invite-only nonprofit organization composed of the world's most promising young entrepreneurs.

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