Want to find a certain product or service’s profitability? Of course you do! To determine how profitable your offerings are and what kind of adjustments your business needs to make to increase earnings, learn how to calculate contribution margin. Contribution margin definition What is contribution margin? Your business’s contribution margin is the amount of money […]
Retail vs. Wholesale: The Differences Businesses Should Know
When you open a business that sells products, one of the critical decisions you need to make is how you will sell. Do you plan to sell your products directly to your customers? Or, will you use vendors who distribute your products to their customers? The way you sell determines if your business is retail […]
5 Finance Tools High-Growth Companies Need to Scale
Attend this free webinar to uncover the best tools and practices for finance teams during hypergrowth.
5 Leverage Ratios You Need to Know
When it comes to your business, at some point or another you may need to borrow money from investors, lenders, etc. to help grow. One thing they typically look at before shelling out any funds is your financial metrics, like leverage ratios. This article breaks down: Leverage ratio definition 5 leverage ratios to keep in […]
What Is a Stakeholder in Business?
Whether you know it or not, your business likely has a number of stakeholders. But, what is a stakeholder? Keep reading, and we’ll give you the scoop on the stakeholder definition, types of stakeholders in business, and more. What is a stakeholder? Who are stakeholders, exactly? A stakeholder is an individual or group that has […]
What Is a Fiscal Year for Your Business and Books?
When it comes to pulling reports, establishing a business budget, and filing taxes, you need to know your company’s fiscal year. So, what does fiscal year mean, exactly? When does the fiscal year start? And, how long is a fiscal year? Read on to get the answers to these questions and more. What is a […]
Do I Have to Charge Sales Tax? The Inside Scoop for Sellers
Business owners have a lot of taxes to know. Sales tax is another one to put on the list. Understand sales tax and how it works for your business to avoid potential penalties. And, that includes knowing if your particular company has to charge sales tax at all. So, let’s answer, “Do I have to […]
The Pros and Cons of Buying vs. Leasing Commercial Property
While some businesses can start in a basement, garage, or kitchen, others require commercial property in the beginning. And, many companies outgrow their original location, so they need to look at commercial property. But, should you buy or lease property for your business? There are pros and cons to buying vs. leasing commercial property. Review […]
Develop the Finance and Accounting Skills Every Entrepreneur Needs
Build a foundation of financial literacy in 2022.
Use a Balance Sheet to Evaluate the Health of Your Business
Here’s what to factor into your balance sheet and where.