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Baseball teams keep score by counting runs. Football teams keep score by counting touchdowns. When you have your own business, counting money is the way to keep score. It is extremely important for you to know where you stand from a financial perspective. A...read more
In retail, gross margin is an easily calculated number. It’s the difference between how much you purchase a product for and how much you sell the product for stated as a percentage. Example: You sell a widget for $100 that you purchased for $60. Your gross profit...read more
While anytime the government tells an employer how or how much to pay an employee, I think it’s a bad thing for business. The new rules scheduled to go into effect December 1, 2016 will hurt, but I don’t think it changes the way we do business in a profound manner...read more