Small Business Owners: The Future Might Not Be All That Uncertain
The value of your business is a prime example of a discoverable fact, yet if you are like 98% of the other small businesses in this country, you don’t know the answer.
Small Business Finance
Business Metric Monday: Profit Margin
Measuring profit margin allows you to assess your business’ performance over time and relative to competitors. Accurate reporting of profit margin is also a typical requirement of banks, investors and other interested parties.
Business Metric Monday: Compound Annual Growth Rate
CAGR helps assess the historical growth of a business while also serving as a barometer for future potential performance.
Business Metric Monday: Customer Concentration
Every Monday we publish education on key business metrics you can use to operate and scale your company. This week we cover Customer Concentration. CUSTOMER CONCENTRATION Customer concentration is an indication of the diversity of your company’s revenue and concentration of risk. The goal with any business is to create diversified revenue streams with little …
Business Metric Monday: Customer Acquisition Cost
Measuring and managing Cusomter Acquisition Cost can improve the marketing efficiency and profitability of your business.
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.
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 …
Why Your Business Should Adopt a Recurring Revenue Model Read More »
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 …
Weathering the Storm: How to Forecast and Manage Cash Flow in Challenging Times
Having a solid handle on your cash flow is critical in any business cycle but is an absolute necessity during a challenging environment or economic downturn.