If you calculate your sales margins by subtracting the cost of inventory from your retail sales amounts, you might feel that you have a handle on your true profitability. However, using a simple formula for determining whether a product is profitable for your company doesn't always reveal true profit margins. From factoring in advertising and marketing costs to understanding the human costs of service, you may very well be overlooking many factors when calculating your sales and profit margins. To make sure you have a full picture, consider the following:
Your company's cash flow forecast is the fuel that keeps things going and your business growing. The money coming in.
Unfortunately in the world of startups and SMBs, efficient and proper accounting systems and processes are often.
As a saavy bootstrapper your goal is to minimize costs while maximizing opportunities. This extends into each of the.
Your business's Key Performance Indicators (KPIs) are your tools for measuring and tracking progress in essential.
Budgeting and forecasting allow a business to plan accurately for its fiscal year. Below are 10 ways to improve.
