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When I first started my business, One_on_One Personal Computer Training, I started out with a ūꯠ Credit Card, which when you talk to any business adviser or business_coach is absolutely the worst thing you could do. One of the issues I have been most conscious of is the cost of having a large number of staff. The way I achieved a high level of efficiency in such a competitive market was to automate as many of the day_to_day tasks as I could. The best tasks for business automation are those that are repetitive.
Assets and Liabilities are further divided into short_term and long_term categories. Everything which comes due within 12 months or the operating cycle is considered short_term. Examples of current (short_term) assets are: cash, marketable securities, accounts receivable and inventory.
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