Gross profit is an important key performance indicator (KPI) to track, but so is the contribution margin. Many business owners unfortunately overlook contribution margin or do not fully understand what it represents. To truly understand your business's financials, learn what contribution margin is, how you calculate it, and what the number means for your business's ability to grow and expand.
Your business development team can't act on metrics that they can't track. Key performance indicators need to be.
Whether you have been in business for decades, or you are just getting started, money management can be an issue no.
Asking employees to report how much time they are spending on each project can significantly increase.
Unless you're in a big Fortune 500 company, you probably equate the word "audit" with a letter from the IRS..
As a saavy bootstrapper your goal is to minimize costs while maximizing opportunities. This extends into each of the.