Tag: profitability
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How to Increase Profits for Small Business
Running a small business is an adventure, and every journey comes with its own set of problems. According to a 2019 “Small Business Credit Survey” conducted by 12 Federal Reserve banks, while a slim majority of small businesses reported revenue gains in 2018, a whopping 73 percent reported an increase in operating costs as well, […]
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Accounting Terms: Profit VS Profitability
Are they the same? What is the difference between Profitability and Profit? Two accounting terms that every business owner encounters. Although they may look similar, they are not entirely the same. Both are accounting metrics used in analyzing the financial success of a business. Accounting Terms Definition Don’t confuse the two accounting terms. Profit is […]
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Smart money decisions for your Small Business
So you’ve been operating your small business for quite some time and have noticed a steady or increasing amount of money coming in rather than going out. Great news! Sounds like all your hard work is paying off and you’ve become profitable. This means that you’re a lot more confident that your business can sustain […]