Category: Business Financials

7 Ways to Improve Your Cash Flow

Smart small business owners have a pulse on how much money is coming in and going out of their companies each month. They know that a business goes bankrupt when it runs out of cash to pay its creditors on time, which is why you need to manage your cash flow carefully.

How to Boost Customer Lifetime Value

Lifetime value is a prediction of the total revenue that you will receive from the entire future relationship of a customer. It’s an important business metric to know when buying customers.

How to Include Your Salary in Your Financial Forecast

No matter if your business is new or old, make sure to follow this one simple principle: pay yourself first. This blog post explains how and why you should include a market-based salary in your financial forecast.

How to Succeed Financially When Your Family Business Is in the Red

If your family business is in the red, take these 4 actionable steps to improve your situation and succeed financially in 2020 and beyond.

How to Calculate Your Conversion Rates

Conversion rate is the total number of conversions or sales / total number of leads x 100. Businesses calculate conversion rates during marketing campaigns.

What Are Allowable Acquisition Costs?

Do you know how much it costs for you to acquire a new customer? This post explores two ways to learn about your profit per customer.

Tips for Managing Your Business Financials Interview with SharpCFO

We recently sat down with our friends Rob Simon and Ryan Dietrich from SharpCFO to discuss a few questions about how businesses should be approaching their financials, especially given the COVID-19 pandemic. Watch, listen or read the conversation using the resources below. So what are some things businesses should be looking for in their financials…
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