Implications of a High Gross Margin for your Business

A high gross margin is often viewed as the most important sign of a company in good financial health. Before you can earn net profit, you need to achieve a strong gross profit margin.
Calculating Gross Profit Margin
Gross profit margin is the portion of your company’s sales retained as profit after you account for costs of […]

By |March 30th, 2016|Small Business Tips, SmallBiz Builder|0 Comments

5 Easy Ways to Cut Business Costs and Boost Your Bottom Line

When starting out in business, it is very easy to spend money on items you do not really need, from stationery supplies to major expenses such as office rental. Even more established business owners can be guilty of overspending on non-essentials.
Why spend money unnecessarily, however, when you could use it more productively in your business […]

By |May 6th, 2014|Small Business Tips|0 Comments