Are you thinking of starting or running a Community Interest Company (CIC)? In this episode, we'll delve into the concept of Asset Lock in Community Interest Companies, and its importance, especially in the world of social enterprises. Asset Lock in Community...
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Understanding assets and liabilities
One of the most important aspects of a business is understanding its business assets and liabilities. Assets are what a company owns and can use to generate income, while liabilities are amounts the company owes to others. In order for your business to be successful,...
Learn about assets and liabilities
Explaining assets and liabilities is my mission in this weeks I Hate Numbers podcast, episode 140. It’s not recommended practice, certainly mine, to operate without considering its assets and liabilities. However, what do these terms actually mean? In...