Purchase channels today are in a state of flux, putting the onus on sellers to cater to all relevant buyers and end-users, including wholesalers, retailers, and e-commerce customers. It’s called B2E–or business to everyone–and it necessitates that companies diversify their distribution channels to optimize selling potential.
Days sales outstanding (DSO) measures the average number of days it takes a business to collect payment from their customers. Similar to the accounts receivable turnover ratio, the DSO ratio can be measured monthly, quarterly, or annually, depending on the volume of credit sales your company has.
When I first learned how to do payroll, one thought kept flowing through my mind: “Holy expletive, this is a lot of numbers to keep track of.”
The company I worked for had several classifications and each caused the employee to be paid a little differently. Some...
Personnel is often the single largest cost for businesses, making budgeting and hiring two crucial elements to consider while navigating an uncertain future. The Covid-19 pandemic forced many small business owners to cut staff and has made hiring difficult. Attracting talent in a market with high unemployment may not be an issue, but interviewing and...
Accounting is the act of organizing, recording, and analyzing financial information, providing you with in-depth financial knowledge about your business. Accounting plays a starring role in your small business, helping you manage everything from business growth to locating investors and securing a business loan.
Your customer experience and your brand values have to match.
A lot of companies work hard to build a brand that stands for a particular set of values. Usually, the process to establish your brand starts with defining the values that are most important to you and then...