Key Performance Indicators (KPIs) are standards used to measure business performance. As a business owner it is important to understand how you rank compared to your competitors. Financial institutions, stakeholders, and prospective buyers use KPIs to analyze credit worthiness, business health, and business worth. KPIs are...
Do you ever feel like your company is throwing cash out the window? We are not talking pennies, but dollars. As business owners we are constantly focused on keeping our costs under control for salaries, advertising, marketing, and other operating expenses, but when is the...
It is just as important to handle vendor payments properly. Did you know that paying your vendors too early can adversely affect the business cash flow? Proper management of vendor payments is a key to having better cash flow. Accounts Payable Turnover – This ratio measures...
