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Posts

Overhead Costs: What is “Overhead” and How to Reduce Overhead Costs

2020-05-26

Minyang Jiang

Updated May 26, 2020 Overhead, otherwise known as overhead costs, refers to the ongoing expenses associated with operating a business. Understanding your overhead costs and keeping them under control is essential to success as a business owner. Learn how with Credibly. What are Overhead Costs? Overhead costs represent business expenses that are not directly related […]

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roofing business loan options

How to Improve Profit Margins in the Construction Business

2019-07-10

Minyang Jiang

Owning and operating a construction firm requires a deep understanding of money management. After all, earning enough money to sustain your growing company isn’t as simple as stacking one brick on top of another. It’s all too easy to fall behind and fight to meet deadlines and the client expectations as costs continue to increase. […]

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owner-payroll

How to Determine Your Salary as a Small Business Owner

2017-02-11

Minyang Jiang

As a small business owner, one of your biggest concerns may be how to pay yourself a salary. Here how to figure it out, in two easy steps.

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cash-flow

What is Cash Flow?

2016-02-12

Minyang Jiang

Do you understand the difference between working capital and cash flow? Here's what each term means and how they affect your financial responsibility.

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guy-on-computer

What Meals Are Tax Deductible For Business?

2016-02-10

Minyang Jiang

If you have a business and you eat, you’re probably eligible for tax deductions. Here are four ways your meals — and your coffee — might be tax deductible.

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cutting-costs

Understanding Prime Cost — The Simplest Way to Give Yourself a Raise

2016-01-04

Minyang Jiang

Prime cost is simply the addition of your two key controllable costs, labor and cost of goods. Ideally, you want to keep these costs around…

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How to Conduct a Financial Stress Test on Your Retail Apparel Business

2015-08-21

Minyang Jiang

Without a financial stress test, you may not know all of the risk factors that could keep your clothing shop from running at its best.

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