| According to a report by a US bank, 82% of businesses that fail do so because of poor cash flow management skills or poor understanding of cash flow. Cash flow problems apply to small business as much as they do to big business. At least once a month I meet someone who doesn’t understand [...] In order to boost small business profitability, you need to be able to read your financial reports. And one of the concepts that trips up a great number of small business owners is the difference between cash and accrual accounting. The difference between accrual and cash accounting has to do with timing. When using the [...] Business women need to pay closer to their finances with the new economic realities. Sales cycles have become longer and cash reserves are more important. It’s important to learn how to control expenses. What are five ways you can reduce expenses while still retaining key employees and services for your company? Know your business goals, [...] Last week I talked about the basic formula of business: PROFIT = (MONEY COMING IN LESS COST OF GOODS) MINUS EXPENSES. I also discussed some of the tuning knobs you have for increasing your profitability.
Tuning Knobs for Small Business Profitability If you lower your cost of goods, you’ll increase your profit per [...] Would you like to make more money more easily? The truth in business is that it’s not how much money you make that matters, but how much money you keep that shows how profitable your company is. The purpose of this article is to show you how understanding small business profitability is the key to [...] | 
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