Your P&L statement may measure the overall profitability of your business, but it falls short in terms of measuring the profitability of individual customers or services. To...
Measuring Customer Profitability
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Business Strategies
AICPA Unveils Cybersecurity Risk Management Reporting Framework
One only needs to skim the daily news to realize that hackers are getting better and cybersecurity is more important than ever. The most recent cyberattack was a strain of...
Watch Profits Soar by Subleasing Extra Space
Most business owners believe they don't have any unused space to rent out. But if you search a little, you may be able to turn unnecessary space into increased profits. Look at...
The Importance of Earnestly Organizing Documents
The paper trail that follows us throughout our lives includes records that track births, deaths, marriages, divorces and adoptions — among other life changing events. Personal...
Raise Your Company’s Profile for Little or No Cost
The most effective publicity is often free or very inexpensive. It simply takes a little of your time and some creative intelligence. Use Your Heart to Promote Business...
Save Time and Money: Pre-Screen Recruits with 5 Questions
Most employers select finalists for new positions after a lengthy series of interviews. Of course, face-to-face interviews are important, but you can save a lot of time -- and...
Take Them Out to the Ballgame
One of the most effective and inexpensive ways of building employee loyalty is to hold regular outings and get-togethers. By holding staff gatherings, you build loyalty and form...
Defending the Status of Independent Contractors
Many companies use independent contractors to slash payroll taxes and the high cost of fringe benefits. But using outside workers can result in other problems. It's no secret...
Are you familiar with the Business Valuation Process?
Most business owners and attorneys know the basics of the business valuation process. For example, you might know that there are three approaches to value: the cost, market and...
Creating Your Small Business Exit Strategy
Do you know what will happen to your business when you retire? By necessity, many busy small business owners spend all of their time thinking about the here and now, with little...