Without financial strategy, even the most brilliant businesses can run out of cash. But what if small business financial help was as easy as opening an app on your phone?
Understanding the difference between profit and revenue is critical if you want your business to be sustainable and successful. Let’s break down the key differences, explain why this distinction matters, and show you how to shift your focus from just making sales to actually making money.
Spreadsheets might feel like the safest place to manage your business finances because they feel familiar, flexible, and they are free. But here’s the uncomfortable truth: spreadsheets could be silently draining your profit.
According to recent studies, one of the top reasons small businesses fail isn’t due to lack of passion or poor marketing; it’s due to poor financial management. And at the heart of that problem is a lack of business financial literacy.