Author Archives: Corey Lord

Top 3 KPIs for Breweries, Restaurants, Retail and Other Small Businesses

Breweries, restaurants, retail shops, and other small businesses need accessible and reliable ways to monitor their business performance. Specifically, they need to know if their business decisions are moving them toward their goals. There are myriad ways to measure the performance of a business, but for small businesses like brewpubs and craft distilleries, owners and

Why a 10% Profit Margin is the New Breakeven for Small Businesses

Starting a small business is no easy task. It takes hard work, determination, and most importantly, a sound business plan. Too often, small businesses fail because they are not profitable enough to stay afloat. To ensure the longevity of your small business, it is important to aim for a 10% profit margin. This number may

How to use your profit and loss statement to make better business decisions

Profit and loss statements, or P&Ls, are essential financial reports for all businesses. The profit and loss statement is a proof of your business model because it shows how well your expenses and costs are covered by your revenues. The report also breaks down the company’s expenditures by category, such as cost of goods sold,