Posted By
What Are Direct Costs? Cost of Goods Sold Explained
Direct costs or cost of goods sold are expenses attributed to the production of a product or service. Learn why this is vital for growing your business.
0 results have been found for “”
Direct costs or cost of goods sold are expenses attributed to the production of a product or service. Learn why this is vital for growing your business.
Your profit and loss statement is the first financial information that investors and bankers will look at in your plan. Here’s a rundown of what the numbers mean.
Defining your business model is the final step in Lean Planning. In short, it’s how your business will make money. Learn how to define your business model.
The third step in lean planning is to use the milestones technique to create a roadmap for your business to help you implement your strategy.
Your Lean Plan needs strategy, but even a great strategy is useless without tactics. Tactics are the things that you actually do to make your business work. Tactics are your road map—and here’s how to develop them.
When facing an economic crisis, it can be difficult to think about the future of your business. The need to survive takes precedence over planning and that can lead to both short and long-term problems for your business. Read on for steps on how to save your business and pivot to recession-proof success.
Don’t let times of uncertainty lead to panic and rushed decisions. Instead find ways to adapt and plan, starting with reviewing your budget and forecasts.
Keeping track of your business’s expense budget is really not that much different than managing a personal budget—in fact, it’s strikingly similar with just a few differences.
We all set goals in our personal lives, but in business, we’re not always as goal-focused. How can we actually track and reach our business goals?
Your expense budget is one of the keys to good business management. Here’s a detailed guide on how to build an expense budget—including what not to do.