The Cutting Edge

Pick a topic, any topic, from this goldmine of basic financial information.
Magazine Contributor
2 min read

This story appears in the January 2000 issue of HomeOfficeMag.com. Subscribe »

Consider Entrepreneurial Edge.org (http://edge.lowe.org) a present from a rich distant relative. It's the Web site of the Edward Lowe Foundation, which dedicated a great part of Lowe's $800 million fortune to create a "whole campus for entrepreneurs" at a private, 3,000-acre complex in Michigan. Now the campus extends to your home, as the financial section of this site includes great how-to information on analyzing profitability; analyzing your using financial ratios; preparing balance sheets; and preparing profit-and-loss/-flow summaries and statements.

The collection of more than 3,000 documents is selected from entrepreneurs, government agencies, small-business consultants, small-business publishers and material published by the foundation itself (http://www.lowe.org).

Here are just a few of the financial education topics at Edge.org:

  • Record-keeping and accounting. An appropriate record-keeping system-including a constant and detailed knowledge of expense, income and profit or loss--can determine the survival or failure of a new business. For those already in business, good record-keeping systems can mean the difference between flying blind and accurate forecasting. This document includes information on and expense control, payroll requirements, improving , determining and many other topics. (http://edge.lowe.org/resources/document/htmldocs/1620.htm)
  • Collections strategies. The nuts-and-bolts approach to keeping up with your . Both manual and computerized systems are analyzed.
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