What is a Good Gross Profit Margin?

What is a Good Gross Profit Margin?

Evaluating gross profit margin is difficult because every business is unique. For example, companies prioritizing sales volume amongst their strategies or operating in highly competitive markets trend towards lower gross profit margins despite maintaining healthy...
5 Ways to Improve Business Operations

5 Ways to Improve Business Operations

For a company to grow sustainably, it must be continually improving. It should be no surprise that every business has areas in which it could optimize. In all likelihood, there are dozens of ways your own company could enhance its internal workflows, processes, and...
What Are the Most Important Financial KPIs?

What Are the Most Important Financial KPIs?

A weathervane points to which way the wind is blowing. And when it comes to running a company, key performance indicators (KPIs) signal which way the money is flowing.  To make smart business decisions, you need to understand your numbers—you require a barometer that...