This is the final blog post in a two-part series about gross margins. Click here to read our first blog post, “Understanding Your Gross Margins.” Gross margins serve as a compass, guiding your business toward profitability and protecting against potential financial...
This blog post is the first in a two-part series about gross margins. In this post, we share why tracking your direct-to-consumer gross margins matters and how to track them in a meaningful way. In our upcoming second blog post, we’ll share six tips to improve your...
The end of the year is the perfect time for a SWOT analysis. Instead of blindly moving forward into the new year, start your planning process with a clear view of your business. What is a SWOT Analysis SWOT Analysis is a planning framework that looks at a business’s...
We understand that amortization can be a scary word, especially for those who are hesitant to borrow money. The idea of owing someone else can be a daunting prospect, leading many to avoid loans altogether, even when they might be beneficial. But what if we told you...
The question of what happens to a business after an owner steps aside, retires, or sells is critically important. Crafting a strong succession plan means that your business can continue to flourish and serve your customers while you step aside with both peace of mind...