Rethink Your Pricing! Get to Know the 3 C’s: COGS, COS, and Competition!
I’ve got to share a dirty little secret with you. Every company I have ever worked with has miscalculated their prices and profits because they
September 16, 2024
I’ve got to share a dirty little secret with you. Every company I have ever worked with has miscalculated their prices and profits because they
You know it’s true — standard financial reports suck. They are hard to read and rarely give a business owner helpful information. But you can
Whether you are launching a new venture or looking to expand an existing one, understanding the various ways to secure funds can help you make
Taking an active stance on fraud prevention is not just about trusting your team; it’s about having documented (and tested) systems to protect your business
If you’re reading this, you own one of the most dangerous tools in business today – an internet connected computer. Dangerous? You bet. Consider the
Offering credit terms to your customers can significantly boost your sales and foster long-term business relationships. However, without proper management, it can also lead to
Operating a business demands precision, agility, and informed decision-making. Dashboards and KPIs (Key Performance Indicators) guide you to direct your organization toward your desired outcomes
How much do you invest to bring on one new customer? Knowing that number, and optimizing your spend on marketing and sales is an essential
Do your compensation plans attract and retain skilled, loyal employees? Look beyond conventional approaches and implement wage strategies that incentivize your workforce and protect your
Blending business finances and personal assets is a frequent oversight many entrepreneurs encounter. This issue often arises from a need for more awareness about the
The Department of Labor (DOL) is changing the way small companies can classify workers as either employees or contractors. Employers need to understand the new
The language that financial professionals use can be confusing. It is difficult to receive advice when you can’t understand their terminology. We’re here to translate
Predicting your future financial performance is invaluable but a major challenge for many small businesses. Start by building a simple yet powerful spreadsheet model for
Mastering the balance between short-term profitability and long-term growth is beneficial and essential for survival and success. Walking the line between the two is fundamentally
No one wants to undervalue themselves, but they also don’t want to set a price that will drive them out of business. Many small business
Realistic financial projections are crucial for small business success. Key strategies include seeking professional guidance, digitizing documents, tracking ROI, and leveraging technology solutions. Read the full article to learn practical tips for creating reliable projections that can guide your business toward sustained growth.
Commingling personal funds with business finances is a ticking time bomb. Before you get into trouble, we want to provide you with the dangers and
There are only two kinds of small businesses in the world. Those that have been ripped off by employees, and those that will be ripped
As tax bill season approaches, many business owners face a frightening scenario: owing more taxes than they have in cash. It’s a daunting thought, but
Too much cash in your business can be a waste; not enough can be downright dangerous. Striking the right balance in your business cash reserves
When your business earns money, you want to keep it. Sounds simple. However, you are likely giving away more of it than you realize. If
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