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Can You Walk the Walk if You Can’t Talk the Talk? Improve Your Financial Vocabulary
Accounting is the language of business. Getting more information from your accountant than just pages of numbers in the form of monthly reports requires that you know the language. For many owners, that means acquiring a new vocabulary complete with terms like “gross margin,” “key performance ratio,” and “break-even analysis.” Unfortunately, many business owners are intimidated by the language or choose to ignore it altogether. They ignore the financial performance of their company, delegate it to an employee, or outsource it. Understanding the fundamental financial concepts gives owners a much better chance of prospering in today’s challenging economic environment.

Key Performance Indicators for Retail (KPI)
Retail store owners have lots to do besides running reports, but identifying and tracking a few key performance indicators can save time and help a retailer stay ahead of his/her business.
Increasing Your Profit By Looking At Your Data
Every business accumulates massive amounts of data that can tell the business owner where the hidden profit and cash flow is in their business. But sadly, most business owners never take the time to think about or examine what the data is telling them.
The Discipline of Profitability
Profitability is no accident! In fact, profitability starts with a mindset. It also requires written plans, budgets, and talented management and employee teams to execute the plan. Without the mindset and the determination to be profitable, most companies will not achieve maximum profitability. I refer to this mindset and the action it inspires, the discipline of profitability.
Investor Presentation - You Need 10 Slides
As a member of the local Angel group Selection Committee, I’ve seen a lot of startup presentations to investors, and I’ve never seen one that was too short - maybe short on content, but not short on pages! A perfect round number is ten slides, with the right content, that can be covered in fifteen minutes.
What to Do in a Down Economy or The Magnificent Seven
It’s easy to survive when business is good. There is never going to be a magic solution to save everyone when times are tough. The measure of a business is whether they flourish in bad economic times not in good. Maybe that’s why the average lifespan of a business is only seven and a half years. “If your business is not eight years old, the odds are it will never be.” I will share with you several strategies the will not only help you survive, but thrive in this down economy.

Finance Terms Made Simple
Do terms like "gross margin" and "deferral of taxes" scare you? If so, then this short reference guide is what you're looking for!

Other gross margin Related Articles

The Small Business Conundrum why so many do it why so many fail Or Christopher Columbus secret weapon
Better than half our gross national product is the output of Small Business, yet most of them don't last very long! Why?

Clint Eastwood
There was an article recently in “Selling Power Magazine” that featured the quiet management (directing) style of none other than Clint “The Man” Eastwood. For all you busy Execs out there that might not be up on the movie scene, last year Eastwood’s Million Dollar baby won four Oscars including best director and best picture with worldwide gross sales of more than $208 million dollars from an original $30 million dollar budget. He was turned down three times before getting the backing to make the picture. This is nothing new for Eastwood. His directing debut in 1971 saw him gross 10 times the one million dollars it cost to produce “Play Misty for Me” and he completed the film $50,000 dollars under budget. Eastwood takes immense pride in his frugality.
Finance Terms Made Simple
Do terms like "gross margin" and "deferral of taxes" scare you? If so, then this short reference guide is what you're looking for!
How to Avg. $3K to $4K Gross Profit per Vechicle Sold
There are only five ways to increase the bottom line of a business: Sell more vehicles, practice price elasticity (get more gross profit per sale), create more repeat customers, increase the speed of the buying, cycle for your current customers, and create continuity programs by getting the customer to continually do business with you (service, add-on selling etc.). Although all are important, one can be obtained instantly and with a huge impact -price elasticity and the ability to increase gross profits.

Preparation of Profit and Loss Account
As already stated profit and loss account is commenced with gross profit or gross loss as ascertained by trading account. Then the profit and loss account is debited with all indirect expenses and losses. This results in closing of indirect expenses and losses account. The profit and loss account is then credited with various incomes and gains accounts by which all these accounts are closed.
Small Customers Have Money Too
How Stan Gross survived before he hit it big in his consultancy.
“People”…The Secret Ingredient to Success
In simple terms, you can measure your business success by how well you get customers, keep customers, and the efficiency of your operations. Many companies measure their success by revenues, income and other traditional accounting yardsticks. The problem is that the accounting approach measures how you did but not how you should have done. For example, take a company that grew 20% last year, and had $10 million in revenue. Its management team was weak, so it lost an additional 20% growth, missed out on another 5% in net margin, and had unnecessary turnover of 10% in client base. So this same company (assuming a 10% net margin) could have seen another $800K added to their bottom line. The one secret ingredient was “people.”
Can You Walk the Walk if You Can’t Talk the Talk? Improve Your Financial Vocabulary
Accounting is the language of business. Getting more information from your accountant than just pages of numbers in the form of monthly reports requires that you know the language. For many owners, that means acquiring a new vocabulary complete with terms like “gross margin,” “key performance ratio,” and “break-even analysis.” Unfortunately, many business owners are intimidated by the language or choose to ignore it altogether. They ignore the financial performance of their company, delegate it to an employee, or outsource it. Understanding the fundamental financial concepts gives owners a much better chance of prospering in today’s challenging economic environment.

How Gross is my Margin?
The article provides insight into the value for business owners and financial managers to understand gross margin and how it affects overall profits and business risk .
Defending Profit Margins
Each percentage point of gross profit margin you lose requires a 4% volume growth just to keep profit steady. A five point increase in your profit margin is the equivilent to a 20% increase in sales. A five point increase in your profit margin can equal a 50% boost to your bottom line profit. How do you communicate the value you provide to the customer so that you are not seen as a commodity and therefore maintain the profit margin you need to grow your business.
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