Why Do You Need To Make A Profit?
By Michael StoneDon’t confuse profit with salary or hourly wages. Making a profit isn’t optional: Your business needs profit to survive.
Taxes and Profit and Markup
By Michael StoneMichael addresses a few different questions we’ve heard recently, primarily dealing with taxes and profit and calculating your markup.
Know Your Numbers: Current Ratio
By Michael StoneThere is a measure you can use to determine how financially solid your company is at any given point in time. It’s called the current ratio, and it’s a good idea to check it regularly.
Estimating, Labor Burden, Cost of Goods Sold
By Michael StoneWhen you own a small business you wear a lot of hats. Understanding the numbers might not be your favorite hat, but numbers are important because they show where you stand financially.
What Should You Do With Your Profit?
By Michael StoneThe best way to avoid paying taxes is to not make a profit at all, but it’s a rough way to live.
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