As the reality of cloud-based business technology catches up to the hype, MSPs (Managed Service Providers) face fundamental changes in their revenue models. Project-based billing and margins on hardware sales are being replaced by recurring monthly...
A small business owner places a great deal of faith and responsibility on their financial controller. If you don’t yet have a financial controller, read on to ensure you or other members of you team are filling this critical need. Much of your...
Are you thirsting for more business information?
You know that feeling when you’re so thirsty that you just can’t stand it anymore? Sweat is beading on your brow, you’re parched and all you can think about is a pint of cold water (or beer!).
Let’s face it: As the CEO or leader of a growing Software-as-a-Service (SaaS) firm, you have your hands full. Whether you’re busy onboarding new customers, retaining existing customers, hiring to meet anticipated demand, managing your board or...
As strange as it may sound, many small business owners are reluctant to engage with their bookkeeper as often as they should. Most report that they don’t feel qualified to proactively manage someone in finance, which can be intimidating to those...
Gross profit is gross profit, right? The math is simple enough. Revenue less the cost of goods yields your gross profit. Divide that figure by your total revenue for the same period and you have your figure. Unfortunately there's more to it than...
So you have your next great growth idea in hand. The catch is you need cash to implement it. Before dusting off your suit and marching off to the bank, consider these five critical elements to get a business loan that best meets your specific needs.
Profits don’t pay bills, cash does. Just because a firm is profitable doesn’t mean it won’t run out of cash. Cash flow projections may be the single most important business planning activity you perform, in good times or bad. Whether you are...
Many small business owners aren't certain where to look for key insights. Balance sheet vs income statement? After two articles dedicated to balance sheets - on why and how to use your firm's balance sheet - it's time to turn our attention to the...
You’re in good company if you aren’t comfortable reading a balance sheet. So create some separation from your competitors by following these 3 ways to understand and begin using your small business balance sheet.
Lots can be found online about how to read a balance sheet. In fact, our next blog article, written with the small business owner in mind, will cover how to read and use yours in a few simple steps. But what’s less clear is why a small business...
