You don’t need an MBA to know there are two basic ways to increase your profits: increase revenues or reduce costs. The smartest businesses implement marketing strategies and cost-cutting measures that do both, but far too many obsess so much over increased sales that they forget about the importance of trimming the fat, and end up actually reducing profits.
Gross profit is an important key performance indicator (KPI) to track, but so is the contribution margin. Many business.
As the owner of a small business, you've probably been getting by with piece-parting your financial and accounting.
Most people have heard of blockchain technology, but relatively few know exactly what it is, or why it’s so exciting..
As costs vary, the way you value your inventory can impact both your tax bill and how healthy your company looks to.
Do you count gift cards given to employees as cash payments? Have a system for easy reimbursement for taxes when an.
