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The Spotlight on Small Business box featured several new entrepreneurs, some as young as 10 years old, proving "age is just a number" when it comes to having a vision for a business and bringing it to fruition.
Direct Labor Rate
The cost of labor per hour for workers directly involved in the manufacturing process.
Cash Budget
A financial plan that estimates cash inflows and outflows over a specific period, helping manage liquidity and ensuring availability of cash.
Cash Receipts
The collection of money (cash, checks, wire transfers) by a business or individual, often recorded in the accounting records.
Finished Goods Inventory
The total value of all completed products that have not yet been sold by a company.
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