Tips and advice to help you manage your business finances efficiently
Once your debt is paid, you can clear the assets listed for collateral from a UCC lien so that you can sell them, use them as collateral for another small business loan, or retake full ownership. Having the assets removed is a matter of certifying that a third party does not have a claim on… Read more »
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Qualifying for a small business loan to expand your business requires a different approach than taking a loan to simply maintain your business. When it comes to expansion, you can deplete cash flows each time you acquire a new company or open a new location, and it’ll take time to staff up in addition to… Read more »
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Having a strong net profit margin in your business does not mean you’re going to make more money as it represents how much cash you have on hand to keep — not how much your company’s revenue has increased by. It is also a measure of financial stability when economic fluctuations happen and a measure… Read more »
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Accurate Cost of Goods Sold (COGS) helps improve profitability by giving you the information needed to make pricing decisions that grow revenue over expenses, so you can focus your time on cutting costs and creating a better experience for your customers. With accurate COGS you’ll know the exact cost of each item you sell and… Read more »
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The top line and bottom line in business are important figures on a company’s income statement. Find out which one’s more important for long-term growth.
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