In order for your business to be profitable, it is important to know what your break-even point is. A break-even point is the point at which the company’s sales exactly cover its expenses. When your company hits its break-even point, the company sells enough of its products or services to cover its expenses without making […]

While the economy may be improving, every business should still play it safe and prepare for the next economic downturn. An economic downturn suggests that the rate of economic growth is slowing down and possibly entering into recession. Before an economic downturn happens, you can do a few things to manage your business funds so […]

The most important part of your business are the numbers. Numbers don’t lie and numbers tell you everything you need to know about managing business finances to make smart decisions. As you project your revenue, be conservative with the pricing of your products or services. Don’t be caught off guard expecting higher revenue than what […]

Most small business owners know that you have to spend money to make money. However, you don’t have to spend every penny you earn just to make the business thrive. There are tons of minor things you can do to cut down on spending and increase your bottom line. While these solutions won’t make or […]