Business Metric Monday: DPO and DSO
Two metrics can help improve the cashflow and working capital of any business. This article covers how to calculate DSO and DPO.
Month: June 2020
Why Your Business Should Adopt a Recurring Revenue Model
An increasing number of businesses are adopting a recurring revenue model. Software as a service (SaaS) has become the norm and almost every product category is now available via a subscription box service. For a monthly fee, you can have everything from wine to clothing delivered right to your door. The trend is no surprise …
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4 Retirement Plan Options for Business Owners
With the many day-to-day concerns of the average business owner, saving for their own retirement can get pushed to the side and forgotten. After all, unlike their employee counterparts, the self-employed do not have immediate access to the simple and largely automated savings plans set up by most corporate employers. However, with a little time …