When I worked an hourly job, I would always try to calculate how much I’d get in my next paycheck before I received it. It was a nice treat when my shoddy back-of-the-envelope arithmetic failed and my paycheck was larger than expected.
As an employer and the one cutting the checks, you’re responsible…
It may be the early hire you need to stay afloat.
For many, the position of chief-of-staff is associated with politics. Although the position has started to gain traction in large corporate businesses more recently, there’s yet another type of company where a chief-of-staff can have a lasting and meaningful impact: startups…
Just like how Covid-19 changed the world, it changed how you should approach naming your company.
The name of your business will influence its potential for success in many ways, but the name selection process has been complicated by the Covid-19 pandemic. The business world is rapidly changing, with more…
Change your business strategy so relevant trends accelerate your revenue growth
As the calendar year changes: two things are persistently predictable: articles will abound about New Years resolutions and lists of hot trends for the year ahead. I think business leaders should think about --...
On the invisible tool belt that all business owners wear, there’s one section for financial analysis. If you dig in there, you’ll find metrics like contribution margin to help you price your manufactured goods. Today, we add one more gadget: prime costs.
Overview: What is a prime cost?…
As you get familiar with your credit cards, you’ll notice that each issuer may have a slightly different method of presenting and even calculating the numbers that are presented to you on both your monthly statement and your online portal. Still, you will likely see one number called the statement balance and one called the current balance…
You know what they say: When life gives you lemons, make lemonade, sell the lemonade, buy more lemons, make more lemonade, sell more lemonade, get a bigger lemonade stand, and so on.
Once your business starts making more than it spends, you need a plan to reinvest earnings, or the money left in your business bank account…