Retirefrommybusiness

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How Key Performance Indicators Can Increase Your Online Presence

KPI or Kеу Pеrfоrmаnсе Indicator metrics trаnѕlаtе соmрlеx mеаѕurеѕ into ѕіmрlе іndісаtоrѕ, whісh allow dесіѕіоn mаkеrѕ to ԛuісklу аnd…

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Should I walk away or should I stay?

It comes a time in a business where the owner’s cash begins to dry up and he or she faces the dreaded question, "should I shut down or should I

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THREE KPIS EVERY BUSINESS OWNER SHOULD KNOW BEFORE MAKING NEW INVESTMENTS

Occasionally, business owners find it necessary to make capital investments to further the purpose of their business. Capital investments are cash

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The next second …

2017 holds a lot of promise. Regardless of what the general atmosphere holds, I hope you have sat down and set goals for yourself. By goals, I do not

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If there are no fixed expenses, there is virtually no potential for loss

One of the questions new entrepreneurs often have is what expenses are necessary to get their businesses running. Without consultation, it is possible

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BUILDING A VALUABLE BUSINESS: TARGET PROFIT KPI

Building a valuable business is not for the faint of heart. It takes persisting over the long haul. At some point in the journey you may begin to

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Need more sales: Focus on these KPIs

If you have ever wondered why your product is not moving even with your extensive marketing effort, it might be because you have skipped these kpis –

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Four essential factors to achieving goals

To achieve any goal, there are four factors that must be defined: · Your perspective: By clearly resolving what you want you are more likely

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BUSINESS INVESTMENTS: INCREASING THE TOTAL VALUE OF YOUR BUSINESS.

The balance sheet is the financial statement that tells the story of the business since inception. On the balance sheet, the business owner can find

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Accounts Receivable Turnover: Do you know what your AR is costing you?

Why accounts receivable? Increased sales. Downside of Accounts Receivable Bad debt Opportunity cost of cash Additional staff required to maintain

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Solving cash flow problems in your business

It is not uncommon for entrepreneurs to run out of cash while running their business. Before having a knee jerk reaction to your cash flow problems

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Working Capital: Profitability is not Everything.

Be careful of accounting definitions The accounting definition of working capital = current assets – current liabilities. On the surface this has very

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What is Return on Assets?

Not only is it important to watch profits also it is important to manage your assets. Keeping assets idle, lowers the return you can get on your

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Margin management attempts to manage risk by evaluating both cost and revenue simultaneously rather than as individual units of risks. Margin management involves the management of revenue, expenses and taxes all simultaneously. Looking at each factor in isolation does not always yield the most margin effective decision. For example, you could have a strategy that raises revenue by $5, cost $3 to obtain and after-tax effect will leave you with $2.55. By thinking of all 3, you could research if any tax credits are available concerning the expense, more effective ways of obtaining the same benefits.

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Income Statement Rich but Balance Sheet Poor

Income statement rich but balance sheet poor People are so accustomed to boasting about how much they make but I think that is irrelevant. What is more important is how much of what you make do you get to keep. In other words, you could be income statement

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Want to retire from your business someday?

How would you like to someday retire from your business? That is someday build a business that affords you the time and money to enjoy the people and

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Character

At the heart of any wealth building strategy is character. What is character? Character is an outward reflection of an inner connection. There are 3