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,
In order to make a business successful, it is important to understand the difference between profit and cash flow. Profit is what a company earns after subtracting all of its expenses from its revenue. Cash flow, on the other hand, is the actual amount of cash that comes in and goes out of a company
In order to have a successful growth journey, you need to manage your cash flow effectively. This means ensuring that you have enough money coming in to cover your expenses, making sure that you don’t run out of cash prematurely, and hopefully fund future growth with profit. There are a few different things that small
02
Jun
Jun
The terms metrics, KPIs, and OKRs are often used by various resources for businesses out there. Some will say to focus on certain metrics while others will say to focus on a certain KPI or to develop OKRs for growth. But what do they all mean for your business? How do you use them? Which
29
Apr
Apr
We really wanted to do just one big blog post about pricing. But after writing drafts about pricing, we discovered this topic is just too big for one blog post. I mean, between introducing what a price is to the methods of pricing, to discusses way to implement pricing methods and talking about what we