Managing Profit Margins: The Basics
May 2, 2023 | Read Time: 6 minutes
When you run a product-based company, managing your margins is essential to ensure that you are making money on each sale. Knowing how to keep and control your profit margins can make or break your business, so it’s important to understand all aspects of it. In this blog, we will discuss the importance of margin…
How to Keep Business and Personal Finances Separate and Organized
April 3, 2023 | Read Time: 6 minutes
Managing your finances can be a daunting task. It’s easy to get lost in the numbers, particularly when you’re running your own business. Many entrepreneurs, especially those just starting out, make the mistake of intermingling their personal and business finances. However, this can lead to confusion and make it difficult to manage your cash flow…
How to Manage Cash Flow in Your Small Business
February 27, 2023 | Read Time: 6 minutes
For small business owners, cash flow management can be a complex and challenging concept. With a myriad of expenses, investments, and other financial obligations to manage, it is vital for small business owners to understand the principles of cash flow management in order to ensure the financial health of their business. Without an understanding of…
Do I Need a Bookkeeper?
January 18, 2023 | Read Time: 6 minutes
Many small business owners spend more time balancing the books than all the other responsibilities that come with being the boss. Do you think you need a bookkeeper?
Where Did My Money Go: A Guide to Tracking Business Expenses
November 21, 2022 | Read Time: 6 minutes
Tracking your business expenses is a critical part of managing your financial health. By streamlining the process of recording expenses, you can more easily identify and regulate spending and make timely adjustments. In this article, we’ll look at what business expenses you need to track, how to organize them, and introduce some tools to help…