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.
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.
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.
If your family business is in the red, take these 4 actionable steps to improve your situation and succeed financially in 2020 and beyond.
Conversion rate is the total number of conversions or sales / total number of leads x 100. Businesses calculate conversion rates during marketing campaigns.
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.
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…
Read more
