1 month ago - Services - London - 6 views
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A small business owner must be able to organize his money better than the average person.
It is now common for companies to have a set of business categories, which are specialised to certain tasks and activities. These particular categories may also be used to classify firms in terms of their actual work. These categories are often referred to as “business categories” or “business segments”. Their purpose is to make it easy for clients to find the most suitable services and firms, by easily identifying the business category a client is looking for.
When you are a small business owner, you need to make sure that you have records of all your expenses for the year, for example, the bills, the receipts, and the invoices, then you can spend your money in the most efficient way. In this example, the author has listed the expenses incurred during the year, in chronological order. The expenses listed include both the actual expenses and the costs incurred by the business. This example has then helped to illustrate the need to have a detailed record of the expenses you incur with your business.