We go into business to make money, so wouldn’t you want to know how much money you’re making? That’s why calculating net profit margin can be so useful. Net profit margin lets you see exactly how much money your business is making after all related expenses have been taken into account.
How to know when to sell a stock
Whether on TV, on the radio, or from your third cousin at the Thanksgiving dinner table, there is a lot of chatter dedicated to the discussion of which stocks are hot buys.
For many investors, buying and researching what stocks to buy is fun and interesting. Others are...
5 ways to help your business win in times of crisis
March 11, 2020 is a day destined for the history books: “WHO Declares Coronavirus Outbreak a Pandemic.” It was that day that, all around the world, leaders began scrambling, ripping through the pages of their crisis playbooks (or quickly creating them), searching for their pandemic play-by-play. Shortly after came the day the markets crashed on March 16,...
How often should you check your investment accounts?
In theory, the concept of “set it and forget it” feels pretty ideal with the rise of automated investing apps. But in reality, investment opportunities should come with a sidebar course in willpower and self-discipline. Especially if you have unfettered access to your accounts, your balance and the ability to change your portfolio 24 hours...
How to build a customer care plan for your small business
Japanese employees are well known for their dedication to their work and customers. Even when tired and exhausted, convenience store clerks still serve politely and eagerly with a smile on their faces.
That’s not just excellent customer service. That’s high-level customer care.
Active investing vs passive investing: Who’s the big winner?
Active investing may sound like it’s a better approach than passive investing. After all, we’re prone to see active things as more powerful, dynamic and capable. But in investing, active loses out most of the time to passive and it’s not really even close.
Understanding the cash coverage ratio and how to calculate it
If your company has no debt requiring an interest payment, the cash coverage ratio is not useful. However, for those of you carrying debt with interest expense, it can be extremely useful.
The cash coverage ratio is an accounting ratio that is used to measure the ability of...