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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
10, April
2024

The Hidden Key to Profits: Understanding Opportunity Cost in Small Business

In the competitive world of small business, every decision can determine the trajectory of success or failure. One concept that lies at the heart of strategic business decisions but is often overlooked is opportunity cost. It's not just an economic theory; it's a practical metric that every small business owner and entrepreneur should master to make better choices and drive competitive advantage. In this comprehensive guide, we'll unpack what opportunity cost is, how it influences the daily operations of your business, and how smart management of opportunity cost can be facilitated through solutions like Netsuite.

26, December
2023

5 SMB Trends to Expect in 2024

Small and medium-sized businesses (SMBs) are essential to the economy, accounting for more than half of all jobs.

29, November
2023

The Importance of Risk Management in SMB Spending

As a business owner or CEO, spending money is part and parcel of running a successful enterprise. As you grow your.

1, November
2023

Revenue vs. Profit: Understanding the Difference and the KPIs that Matter

Business owners strive to maximize their company’s profits. After all, profits are the primary metric of a successful.

21, September
2023

5 Essential KPIs to Track for Your Growing Business

As a growing business, it's essential to monitor and track various key performance indicators (KPIs). This is crucial.

18, April
2023

Opportunity Cost Defined

Opportunity cost is a concept in business that refers to the value of the best alternative forgone in order to pursue a.

 
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