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Category Archives: Profitability Tips
Five Ways to Protect your Cash
As entrepreneurs, we work hard for our money, and the last thing we need is to have it disappear due to fraud, hackers, or identity theft. Some people have called 2013 the year of the hacker, which is worrisome. But … Continue reading
Five Places to Find More Profits
It’s always a good idea to be on the lookout for ways to increase your profits, and luckily, there are many ways to do that. One way is to focus on cost-cutting, and here are five places that are good … Continue reading
Are You Vulnerable to Fraud?
According to the Association of Certified Fraud Examiners (ACFE), over $3.5 trillion is projected to be lost to fraud worldwide in 2011 alone. The typical organization loses 5 percent of its revenues each year. While we have a lot to … Continue reading
Life Beyond the Profit & Loss Statement – Do You Know Your Lifestyle Ratios?
Each month, you may anxiously await the reports that provide the numbers that help you manage your business. Revenue, net income, total expenses, and payroll costs are just a few of the items that you may be monitoring on your … Continue reading
Twelve Low-Cost Employee Perks for Fun & High Performance
It’s always a good idea to help employees stay motivated, and there are many things you can do besides the traditional cash bonus. Here are twelve ideas that cost little yet go a long way with employees, contractors, and other … Continue reading
Do You Know the Lifetime Value of Your Client?
How much is the average client worth to your business? Not just per project or even per year, but for the lifetime of your business. Calculating the lifetime value of a client is an eye-opening exercise I recommend to every … Continue reading