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.
The Importance of Timely Collections for Small Businesses As a small business owner, you’ve likely invested countless hours nurturing your company, from building relationships with clients to refining your products or services. After five years of hard work, you’ve established a solid foundation, but there’s one area that can make or break your business: timely…
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…
The recent imposition of tariffs by the U.S. government—25% on goods from Canada and Mexico, and 10% on Chinese imports—has sent shockwaves through corporate America. For CFOs, these policies present a dual challenge: managing immediate cost pressures while strategizing for long-term financial resilience. Here’s how tariffs are reshaping the economic landscape and what finance leaders…
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…