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Many businesses look at where they’re making and losing money purely from a financial perspective: What is it in the business that contributes to the dollars on the bottom line? That’s certainly necessary, but it doesn’t tell the whole story. There’s another vital aspect of getting the most out of your business: spending your time …
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You’re excited about the creation of your business. Your hard work is coming to fruition and your business is going live. Even if your entrepreneurial spirit isn’t particularly geared toward financial accounting, it’s a crucial part of your business’ success or failure. Fortunately, there are P&L templates available, and accountants are very accustomed to helping …
Beginner’s Guide to Profit and Loss Statements (P&Ls) Read More »
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Industry analysts point out that while many mobile apps are rarely used more than once, over 2.5 billion people actively use instant messaging apps every month. Users of WhatsApp, the most popular chat platform by far, spend an average of nearly 200 minutes each week actively using the app. This makes chatbots as essential of …
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Employees with expense accounts pay for business-related goods and services with the understanding that they’ll be reimbursed. It makes things easier for staff members who travel, entertain clients, or otherwise need to spend money in order to bring sales and profits to your business. The more profit you can get out of your business the …
3 Steps to Create a Solid Expense Account Policy Read More »
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Every cent you spend on operational costs eats into your profit margin. As a responsible business owner you want to reduce those costs as much as possible. While many of your expenses are fixed or non-discretionary (e.g. rent, utilities, salaries, etc.) there are several areas of your business where you can make better financial decisions. …
Customer Service Costing Too Much? Here’s How to Fix It Read More »
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This review is part of our directory of buying groups/group purchasing organizations. Buying Group Name: Premier Industry/Specialty (if applicable): Medical Number of members: 130,000+ (including 3,750 hospitals) Website: https://www.premierinc.com It has two offices – one in Charlotte, NC, and the other in Washington, DC. The group leverages its purchasing power to benefit members and reduce …
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This review is part of our directory of buying groups/group purchasing organizations. Buying Group Name: MEGA Group USA Industry/Specialty (if applicable): Appliances, Furniture, Mattresses, Consumer Electronics Number of members: 1,700 Website: http://www.megagroupusa.com/ Based in Tennessee, the group has 1,700 members with 3,200 storefronts across the US. How does the group work? MEGA works with members …
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This review is part of our directory of buying groups/group purchasing organizations. Buying Group Name: Furniture 1st National Buying Group Industry/Specialty (if applicable): Furniture Number of members: 215+ Website: http://www.furniturefirst.coop The group was founded in 1994 by a group of independent furniture retailers and by September 2016, had grown to over 215 members in over …
