How planning is done today Most entrepreneurs and managers, when modeling their business operations using a spreadsheet, start with expected revenue by month. Then they calculate cost of sales, and then project their expenses, to find the bottom-line profit or loss each projected month. One way to think for tomorrow There is a rarely used twist […]
Income
Why Recurring Revenues Increase Your Company’s Value
The massive shift in revenue models in recent years Have you noticed how many web apps and content have turned into subscription services during the last several years? Call it the Netflix effect. Application developers once considered their products as licensed in what would closely be allied to a single sale. Until someone realized that recurring […]
3 Best Investments to Create a Passive Income
Most young professionals dream of fantastic ways of receiving an extra income without having to actually invest ongoing efforts. While there are certain investments that will help you create a passive income, you will also need to invest minimal time for monitoring investment growth and any potential loss. Whether you are hoping to start small […]
A Guide to Small Business Accounting Reports
We live in the age of “big data,” when businesses are expected to do all sorts of number crunching calisthenics to analyze performance, predict results, and improve on success. The volume of data that financial reporting generates daily can overwhelm many small business owners and send them screaming for the nearest paper shredder. But amid […]
3 Tips for Paying Off Multiple Debts
It’s not uncommon to have multiple debts. Most people have a mortgage and a car loan, along with credit cards, student loans, and personal loans. Having many forms of debt can make it a little harder to achieve the goal of becoming debt free. Which debt do you pay off first? How do you manage […]
How to Create Multiple Sources of Income
If you’re like most small business owners, you’re always looking for ways to increase your wealth. The best way to do this is with multiple sources of income. There are two types of income: active and passive. Active income requires you to work, whereas passive income is made with minimal effort on your part. Let’s […]
