4 Steps to Increase Customer Lifetime Value and Profitability
When you’re examining customer profitability, there are two key methods where you can focus your efforts on growing: Increase the number of customers or, alternatively,…
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Basic Accounting Terms: For Business Owners
It happens more often than you might think. High-growth business owners that think they are “in the know” when it comes to finance and accounting jargon. But, in reality, they do not understand the most important accounting terms every entrepreneur should know.
How to Calculate the Rule of 40 (and if you’re a SaaS company, why you should)
The Rule of 40 is a SaaS-specific metric to track your company’s financial health. It combines your profitability and growth into a measure of health. Put simply, if your growth rate and profit margin total more than 40%, then you can assume your SaaS company is in a good financial position.
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7 Creative Ways to Increase Your Cash Flow
In a crisis, restricted cash flow can be a double-edged sword. To stay afloat, a business must improve liquidity for fluctuating priorities. Many will focus solely on cutting costs, but there are a few other ways to get creative with cash flow in a crisis.
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Want to hire an Outsourced CFO?
Here are the top 6 reasons our clients chose to hire an outsourced CFO. 1. Price meets strategy. 2. Self-managed accounting team. 3. Outside-the-box...
What KPIs are most important for growth?
Do you know which metrics are essential to your business development and the stage of growth you are in? In this article, we provide a breakdown of some business development KPIs and KPIs for growth in common business models.
Why Business Owners Need to Know How to Forecast
Forecasting. Surprisingly overlooked, hugely strategic. This may come as a surprise. Our target market companies are making anywhere up to $25+ million in revenue per…
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Clean Up Your Books: 6 Bad Bookkeeping Habits to Break Now
The sooner you clean up your books, the sooner your cloud accounting team can focus on growth. Break these 6 bad bookkeeping habits before you find yourself drowning in disorganization. Growth is awesome, bad bookkeeping habits are not.
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6 Ways to Grow Your Business in an Unpredictable Economy
Even the best value proposition doesn’t make your business recession-proof. So how can a business double-down in times of economic uncertainty? Begin with your data and then focus on growth. Here are six ways to grow your business in an unpredictable economy.
5 Tips to Setting Financial Goals for Your Business
We know we don’t need to convince you to make financial goals. We’ve all heard the: “don’t spend more than you make,” and “keep overhead…