Business Metrics: Profit Margin (ep 2)
Profit margin is a core metric for all businesses. Here is how to set it up for your company and each product or service you sell.
Profit margin is a core metric for all businesses. Here is how to set it up for your company and each product or service you sell.
One of the hardest things to do in small business is getting that first loan. Due to recent ups and downs with both Wall Street and Main Street, lenders can be skittish when it comes to lending capital to businesses for the first time. While it’s easy to demonize banks, small businesses and the financial…
As a small business owner, you wear many hats. From managing daily operations to crafting marketing strategies, your to-do list is never short. Amidst all these responsibilities, there’s one crucial aspect of your business that you shouldn’t overlook: profit margin. Understanding and monitoring your profit margin can be the key to unlocking greater financial success…
Inflation sucks, let’s be real. It means paying attention to your costs to do business as well as increasing costs for your customers. As a business leader if you have not already done so, you’re thinking about raising the price of your products and services. Whether you run an inventory based business where the costs…
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…