by david@numbercraft.us | Nov 16, 2023 | GUIDES: Financial Resources
An asset ratio compares your assets to another part of your business. So, you could be comparing assets to revenue, profit, the number of employees or their salaries – whichever you wanted to measure. For example, if your assets/salaries ratio increases, you may have...
by david@numbercraft.us | Nov 15, 2023 | GUIDES: Increasing Profit
Running a successful business is a juggling act between cash coming in and cash going out. If you’ve built up a cash reserve, you’ll be better able to stay in business and handle short-term issues like falling sales. Build a cash buffer Businesses generally fail...
by david@numbercraft.us | Nov 14, 2023 | GUIDES: Management Resources
If you’re buying or selling a small business, it’s critical to know what the business is worth. The challenge is that what you think a business is worth, and what the person on the other side of the fence thinks it is worth, are usually two different figures. In the...
by david@numbercraft.us | Nov 13, 2023 | GUIDES: Resources for Starting Up
1. Generate sales as quickly as possible Your first priority when you launch your business is to gain some traction in the market as quickly as possible. Some tips: Ensure you have a compelling point of difference Build and promote your credibility Work for free or...
by david@numbercraft.us | Nov 12, 2023 | GUIDES: Business Planning Resources
There are a number of ways to arrive at the price to charge customers. Regardless of which method you use for pricing your product, you’ll need to know what it costs to supply your product to be sure you’re able to operate at a profit. Alternatively, you’ll need to...
