Archivefor May 2023

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Being in business means taking a lot of risks, especially financially, and as an entrepreneur, you deserve to be rewarded for those risks. Your pay is just one of the many benefits of your self-employment. But it’s not like the pay you get as an employee, there is more to just picking a number for salary.

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This is the first report you should be reviewing every month and comparing it to last month and last year. Once your books are reconciled this report can give you good information to make future decisions. Your profit and loss statement reports the total income of your business minus the expenses. It gives you a baseline of the health of your business.

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The key performance indicators (KPIs) you should be looking at depend on your specific goals and objectives. KPIs are metrics that help you measure progress towards your goals, and they can vary widely depending on the industry, company size, and type of business.

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While spring brings a change in the weather for most locations, it also brings a number of opportunities to refresh your products and services. Spring is a great time to boost your marketing campaigns so that you can boost your business revenues.