Deferred Revenue Explained for Subscription Businesses
When a customer pays you upfront for a year of boxes, software or memberships, it feels like a great month. On paper, though, most of that money is not revenue …
Category
Finance
Cash flow, pricing, unit economics and the financial basics every owner should know.
Setting Up Finance Roles When You Hire Your First Bookkeeper
Hiring your first bookkeeper feels like a huge relief, and it should be. But handing over the books without deciding who does what can create gaps, double work …
Business Loan Covenants Explained
When a lender approves a business loan, the interest rate and repayment schedule get most of the attention. Tucked into the agreement, though, is a list of …
Inventory Shrinkage: Finding and Reducing Stock Losses
Every business that holds stock loses a little of it. A box gets crushed, a delivery arrives short, a sale is rung up wrong, or something simply walks out the …
Business Line of Credit: How to Use One Wisely
A business line of credit is one of the most flexible tools a small business can have. You draw what you need, repay it and draw again, paying interest only on …
Unit Costs Explained for Service Businesses
Product businesses can point to a box and say what it cost. Service businesses rarely can. Your "product" is an hour of your time, a haircut, a repair, a …
How to Plan Cash Flow for Summer
Summer changes the rhythm of almost every small business. Some get busier than they can handle, others go quiet for weeks, and nearly all of them face holidays, …