However, since there are different types of profit, there are various equations you can use. Using the profit formula to assess your business is something every business owner should do regularly—at least monthly. While they both have to do with the cost-revenue relationship, they measure different things. Markup is how much more you charge over the cost of a product,…

We’ve got a couple of different service packages depending on your business’s needs. For our Core services, a client on average pays around $750 to $800 per month. Take advantage of free trials and consultation calls so you can get to know a bookkeeping service before you sign up. How Much Does a Bookkeeper Cost? Full-time bookkeepers keep track of…

Your options usually include stock funds (covering large-cap, small-cap, and international equities), bond funds (spanning government, corporate, and high-yield options), and money market funds. Your returns directly mirror the performance of these chosen sub-accounts—offering potential for greater growth when markets perform well, but also exposing you to possible investment losses. The insurance agent won’t need to break out the annuity…

Additionally, while a manufacturing company can produce and store items for later demand, a construction company can only begin production once a contract is signed and a project is underway. Construction business involves very different challenges than other kinds of production. Most of these challenges arise from the fact that construction is project-based, and each project involves unique problems and…