Ampersand

Part 1 – Keeping Score: Cash vs. Profit – Equipment Purchases   One of the most commonly misunderstood concepts in business is, “Why is my profit position different than my cash position?” Profit and cash flow are both essential elements of a business, but they are not the same thing. To manage your business, you

Part 2 – Keeping Score: Cash vs. Profit – Loan Payment   One of the most commonly misunderstood concepts in business is, “Why is my profit position different than my cash position?” Profit and cash flow are both essential elements of a business, but they are not the same thing. To manage your business, you

Part 2 – Keeping Score: Cash vs. Profit – Loan Payment   One of the most commonly misunderstood concepts in business is, “Why is my profit position different than my cash position?” Profit and cash flow are both essential elements of a business, but they are not the same thing. To manage your business, you

Part 4 – Keeping Score: Profit Distributions One of the most commonly misunderstood concepts in business is, “Why is my profit position different than my cash position?” Profit and cash flow are both essential elements of a business, but they are not the same thing. To manage your business, you must understand the difference between

Setting Sales Goals with KPIs A break-even analysis is a necessary part of any solid business plan. This empowers us to know where our sales revenue needs to be to cover the costs of running your business and help us quickly establish sales targets for desired levels of profitability. With any business, setting sales goals

Tips on How to Develop a Budget for Your Small Business Small businesses have a high mortality rate. One way of reducing the chance for failure is to prepare a budget and a set of financial projections annually. Small business owners cannot just look out the window and come up with pie-in-the-sky numbers or hope

Do you know how to understand your numbers in a meaningful way? Do you understand the terminology? Do you know your break-even point and is there a company budget in place? Every owner should be able to determine the strengths and weaknesses of their finances by reviewing the numbers of their financial statement. Your financial