Business Tips
Freelancer Rate: How to Calculate What to Charge per Hour
Freelancer Rate: How to Calculate What to Charge per Hour Your rate is calculated from two things: how much you need to earn in a year, and how many hours of…
9 min read
Blog
Practical articles about business money - in plain language.
Financial Management
Financial Model for a Business: How to Build One Without a Finance Person
Financial Model for a Business: How to Build One Without a Finance Person A financial model is a forward-looking calculation of your business, built so that…
10 min read
Financial Management
Business Profitability: How to Calculate It
Business Profitability: How to Calculate It Profitability is profit expressed as a percentage. It shows how many cents of profit come out of every dollar of…
9 min read
Financial Management
Working Capital: How Much Money Should Stay in Circulation
Working Capital: How Much Money Should Stay in Circulation Working capital is the money that's constantly tied up in the day-to-day running of a business…
9 min read
Financial Management
Payment Calendar: How to Build One and Why You Need It
Payment Calendar: How to Build One and Why You Need It A payment calendar is a day-by-day forecast of your cash: when and how much comes in, when and how much…
10 min read
Business Tips
Attracting an Investor: How to Prepare Your Business
Attracting an Investor: How to Prepare Your Business A business that's ready to raise investment is one where the economics of a single customer are visible…
11 min read
Business Tips
Business Scaling: How to Know You're Ready to Grow
Business Scaling: How to Know You're Ready to Grow A business is ready to grow when every new customer brings in more than it costs to acquire them, and the…
10 min read
Business Tips
What One Employee Really Costs
What One Employee Really Costs An employee costs the business noticeably more than their salary. The difference comes from taxes and contributions, the…
11 min read
Business Tips
How Much Should You Pay Yourself as a Business Owner
How Much Should You Pay Yourself as a Business Owner The short answer: start with what your work would cost if you hired someone else to do it. Then…
11 min read
Financial Management
Gross Profit: What It Shows and How It Differs from Net Profit
Gross Profit: What It Shows and How It Differs from Net Profit Gross profit is the difference between revenue and the direct costs of what you sold. Put…
9 min read
Business Tips
Management Accounting vs Financial Accounting: What Is the Difference?
Financial accounting is maintained for external authorities: according to established rules, within fixed deadlines, so that taxes are calculated correctly and…
9 min read
Business Tips
What Is a Business Balance Sheet? A Simple Explanation
What Is a Business Balance Sheet? A Simple Explanation A balance sheet is a report that shows the state of your business right now: what it owns, how much it…
10 min read