Start a Restaurant

Product Description
Running a bar or tavern is risky business for those who go into it uninformed. This guide provides essential information on planning, making the initial investment, financial management and marketing. The author pays particular attention to alcohol awareness issues and legal issues connected with bar and tavern management…. More >>

The Upstart Guide to Owning and Managing a Bar or Tavern

Post cereals maker Ralcorp Holdings has appointed two more board directors, including an M&A specialist from investment bankers George K. Baum & Co.

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Discount retailer Aldi saw its UK and Irish businesses swing to a loss of over GBP58m (US$92m) in 2009 on the back of rising costs and investment in expansion.

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The Indian government has changed its rules on foreign investment in the country’s wholesale cash-and-carry channel to allow overseas-backed wholesalers to sell to their retail counterparts.

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What is working Capital?

In a business it can be defined as its current assets less its current liabilities. Current assets comprise cash, stocks of raw materials, work in progress & finished goods, marketable securities such as Treasury bills & amounts receivable from from debtors. Current liabilities comprise creditors falling due within one year, & may include amounts owned to trade creditors, taxation payable, dividend payments due, short term loans, long term debts maturing within one year & so on.

Every business needs adequate liquid resources to maintain day to day cash flow. It needs enough to pay wages & salaries as they fall due & enough to pay creditors if it is to keep its workforce & ensure its supplies. Maintaining adequate working working capital is not just important in the short term. Sufficient liquidity must be maintained in order to ensure the survival of the business in the long term as well. Even a profitable company may fail if it does not have adequate cash flow to meet its liabilities as they fall due. (more…)