The dos and don’ts of pricing your product and some factors to consider along the way.
CLOUD CFO BLOG
Accounting advice, made awesome.
How do you know your company is financially fit? We all talk it to death: profit, profit, profit. And for good reason—your profitability, and therefore your profit margin, is the single best measure of company health. However, it is a mistake to think that is all there is to it. This article outlines a handful of other metrics you should be using to gauge company health.
No matter how you slice it, inflation is here. So what’s a business owner to do? There are two things that you can do as a business owner to prepare for inflation and protect your profit. The first thing is to monitor costs and secure your prices from suppliers, either over the short-term or long-term. The second thing is to raise your prices.
Are you wondering why your business is not profitable? It’s not very often that a company or business isn’t trying to turn a profit at some point (nonprofits excluded, of course). Here are the top five reasons why a business is not profitable.
When you’re examining customer profitability, there are two key methods where you can focus your efforts on growing: Increase the