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.
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What does a happy and successful Business Exit look like for you?
Most small business owners spend so much time working in their business, they do not plan for when and how to exit their business soon enough. Whether you pass your business on to a family member or sell it to an outsider, you and your business needs to be ready. If you are an owner,…
Accounting | Business | Finance | Planning
Accounts Receivable
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…
Getting a Business Loan
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…
Business Metrics: Why Business Metrics Are Important (ep 1)
Business Metrics are important for every business. Find out how to easily begin monitoring basic metrics for yours.
Take these 6 easy 30-60 minute steps to actively manage your cash flow
50% of businesses fail by their 5th year. 82% of those failed businesses say it is because of cash flow. ~ Small Business Administration What the heck is cash flow?! Cash flow for a business is critical to keeping your business going, paying your employees on time, and making sure you have your product available…
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…