Small Biz Trends

JULY 31, 2022

A new business won’t survive long if it doesn’t have solid cash flow and a good accounting system in place. To that end, a panel of Young Entrepreneur Council (YEC) members answered the following question: “What’s one accounting mistake that new business owners might tend to make, and why? How can they fix it?”

Accounting 105

Accounting Finance Net Profit Wholesale 105

Retail TouchPoints

OCTOBER 12, 2021

My days as a merchant are long over, yet I remain a retailer at heart. As an advisor for industry groups such as the Ascendant Network and the Digital Shelf Institute Executive Forum, I‘m surprised to hear my industry friends are still frustrated by ongoing online profitability hurdles. Translation: You can’t do this alone.

Merchant Services 147

Merchant Services Net Profit Accounting Finance 147

Retail Bound

FEBRUARY 7, 2023

To run a profitable business, a company must sell its products or services at a high-enough price to cover both its variable and fixed costs. Once those dynamics are established, you can analyze price setting through the lens of profit margins and markups. If the business makes more than it spends, it is a net profit.

Net Profit 52

Net Profit Operating Expenses Finance Accounting 52

Small Biz Trends

MAY 10, 2022

They Indicate Profitability. These statements provide a good picture of a company’s profitability. Take expenses and subtract revenues to get net profit for a reporting period. The Help With Financing. Potential lenders look at business activities like balance sheets and income statements. Net Income.

Operating Expenses 98

Operating Expenses Net Profit Finance Accounting 98