Whether you run a small, medium, service-based, or product-based business, chances are you offer a variety of products, services, and possibly even pricing models. Construction companies take on big projects, little projects, and some in between. A marketing firm might bill some clients per job and others per hour or on a monthly rate. Businesses selling products might have as few as five or as many as 5,000 skews available in different colors and sizes. Although all of these offerings likely bring in revenue, most often in business, only a few offerings actually generate profits. In fact, it's not uncommon for the jobs with the highest price tags (i.e. the largest revenue streams) to generate the smallest profits.
When you’re considering scaling your business, much of the information you’ll see is about strategy. However,.
A company's current and past financial health are key indicators of its long-term growth potential. So, it follows that.
For many of us, the end of a year wouldn’t be complete without making resolutions for the next one. Desperate to get.
Topics: small business tips, tax rules, business accounting
President Trump has proposed a new tax overhaul that will have a profound effect on small business owners. Of course,.
Topics: accounting, small business, entrepreneurs, business accounting
As a business owner or manager, you know how important understanding your numbers is. But if front-line employees who.
