NEWSLETTER: FINANCIAL FORECASTING (JAN 2025)
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What are Accounts Receivable and Why Do They Matter? Accounts Receivable are one of the most important components of your revenue line. Very simply, accounts receivable are money you are expecting to flow into your business as a result of work performed or goods and services dispensed. As a business owner you sell a product…
Why Budgets and Forecasts Matter
If you’ve always thought your business forecast and your business budget are one in the same, we have good news: You’re not alone. Whether your business is big or small, it’s important to have an accurate forecast and budget. That’s because both of them work together, helping you reach your ultimate goal—financial prosperity. But while…
Demystifying Business Finances: Does Running Out of Money Mean I Have a Bad Business?
As an entrepreneur, it’s not uncommon to face financial challenges while running your business. Cash flow fluctuations, unexpected expenses, and unforeseen circumstances can sometimes lead to running out of money temporarily. However, it’s important to understand that running out of money doesn’t necessarily mean you have a bad business. In this blog, we’ll explore this…
The Pric(ing) Is Right!
Pricing Strategy in Today’s Economy What is Pricing?Have you ever asked yourself what “Pricing” really is? We all jump to thesimple definition of price – the cost of the product or service. Morespecifically, the cost per unit or cost per month or cost per module, etc.However, “Pricing” is so much more than the bottom line…
