When it comes to running a successful business, it’s easy to get caught up in sales numbers and gross profit. But here’s the truth: those sales numbers might be hiding a bigger issue, one that could slowly drain your business dry. Operating profit is giving you a...
Do you want to learn more about profitability analysis but aren't sure where to start? Understanding your company's profitability is critical for making sound decisions that can lead to increased financial success. Profitability analysis is a financial tool used by...
Last week I talked about turnover, this week it’s What are your business profits? Most people see profit as the difference between money in and money out. When people say money, they mean notes and coins, what's in their bank account. That sounds nice, and easy to...
Profit should be one of your main business goals, but What is profit in business, and why is it so important? Making profits should be one of your key financial and business goals. Profit is used to build sustainability, monitor, manage, and measure your performance....